Appian Corp Stock Market Value
| APPN Stock | USD 38.56 0.01 0.03% |
| Symbol | Appian |
Appian Corp Price To Book Ratio
Is Systems Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Appian Corp. If investors know Appian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Appian Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.21) | Revenue Per Share 8.179 | Quarterly Revenue Growth 0.124 | Return On Assets (0.08) | Return On Equity (9.69) |
The market value of Appian Corp is measured differently than its book value, which is the value of Appian that is recorded on the company's balance sheet. Investors also form their own opinion of Appian Corp's value that differs from its market value or its book value, called intrinsic value, which is Appian Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Appian Corp's market value can be influenced by many factors that don't directly affect Appian Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Appian Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Appian Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Appian Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Appian Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Appian Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Appian Corp.
| 08/26/2024 |
| 11/24/2024 |
If you would invest 0.00 in Appian Corp on August 26, 2024 and sell it all today you would earn a total of 0.00 from holding Appian Corp or generate 0.0% return on investment in Appian Corp over 90 days. Appian Corp is related to or competes with Confluent, Cloudflare, Zscaler, MongoDB, Marqeta, Five9, and DigitalOcean Holdings. Appian Corporation provides low-code automation platform in the United States and internationally More
Appian Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Appian Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Appian Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.097 | |||
| Maximum Drawdown | 11.1 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 4.73 |
Appian Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Appian Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Appian Corp's standard deviation. In reality, there are many statistical measures that can use Appian Corp historical prices to predict the future Appian Corp's volatility.| Risk Adjusted Performance | 0.1218 | |||
| Jensen Alpha | 0.2034 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1139 | |||
| Treynor Ratio | 0.2766 |
Appian Corp Backtested Returns
Appian Corp appears to be very steady, given 3 months investment horizon. Appian Corp secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Appian Corp, which you can use to evaluate the volatility of the firm. Please makes use of Appian Corp's Mean Deviation of 1.92, downside deviation of 2.11, and Risk Adjusted Performance of 0.1218 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Appian Corp holds a performance score of 10. The firm shows a Beta (market volatility) of 1.3, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Appian Corp will likely underperform. Please check Appian Corp's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Appian Corp's price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Appian Corp has good predictability. Overlapping area represents the amount of predictability between Appian Corp time series from 26th of August 2024 to 10th of October 2024 and 10th of October 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Appian Corp price movement. The serial correlation of 0.75 indicates that around 75.0% of current Appian Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 12.51 |
Appian Corp lagged returns against current returns
Autocorrelation, which is Appian Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Appian Corp's stock expected returns. We can calculate the autocorrelation of Appian Corp returns to help us make a trade decision. For example, suppose you find that Appian Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Appian Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Appian Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Appian Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Appian Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Appian Corp Lagged Returns
When evaluating Appian Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Appian Corp stock have on its future price. Appian Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Appian Corp autocorrelation shows the relationship between Appian Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Appian Corp.
Regressed Prices |
| Timeline |
Pair Trading with Appian Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Appian Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Appian Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Appian Stock
Moving against Appian Stock
| 0.68 | MQ | Marqeta | PairCorr |
| 0.6 | VHAI | VHAI | PairCorr |
| 0.57 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
| 0.56 | VRNS | Varonis Systems Potential Growth | PairCorr |
| 0.55 | VRAR | Glimpse Group | PairCorr |
The ability to find closely correlated positions to Appian Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Appian Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Appian Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Appian Corp to buy it.
The correlation of Appian Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Appian Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Appian Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Appian Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Appian Corp Correlation, Appian Corp Volatility and Appian Corp Alpha and Beta module to complement your research on Appian Corp. To learn how to invest in Appian Stock, please use our How to Invest in Appian Corp guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Appian Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.