Appfolio Correlations

APPF Stock

USD 252.23 1.28 0.51%

The current 90-days correlation between Appfolio and Workiva is 0.15 (i.e., Average diversification). The correlation of Appfolio 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Appfolio Correlation With Market

Very weak diversification

The correlation between Appfolio and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Appfolio and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Appfolio Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Appfolio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in Appfolio Stock please use our How to Invest in Appfolio guide.

Moving together with Appfolio Stock

0.72	U	Unity Software Aggressive Push	Pair Corr
0.63	DV	DoubleVerify Holdings	Pair Corr
0.84	VS	Versus Systems	Pair Corr
0.62	DOMO	Domo Inc Tech Boost	Pair Corr
0.71	EGAN	eGain	Pair Corr
0.64	EGHT	8x8 Common Stock	Pair Corr
0.64	ELWS	Earlyworks Co,	Pair Corr

Moving against Appfolio Stock

0.68	VERX	Vertex	Pair Corr
0.5	DOCU	DocuSign Sell-off Trend	Pair Corr
0.38	ZM	Zoom Video Communications	Pair Corr
0.33	WK	Workiva	Pair Corr
0.71	EPWK	EPWK Holdings	Pair Corr
0.7	VMEO	Vimeo Inc	Pair Corr
0.59	WETO	Webus International	Pair Corr
0.48	DSGX	Descartes Systems	Pair Corr
0.48	FICO	Fair Isaac Earnings Call Next Week	Pair Corr
0.45	DUOL	Duolingo	Pair Corr
0.45	WALDW	Waldencast Acquisition	Pair Corr
0.42	WDAY	Workday	Pair Corr
0.38	EXFY	Expensify	Pair Corr
0.68	HKD	AMTD Digital Earnings Call This Week	Pair Corr
0.54	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	ALKT	WK	AGYS	BL	QTWO	PCTY	ALRM	FIVN
ALKT		0.02	0.59	0.84	0.89	0.32	0.87	0.84	ALKT
WK	0.02		-0.46	-0.26	-0.19	0.54	0.02	0.02	WK
AGYS	0.59	-0.46		0.88	0.81	-0.35	0.59	0.69	AGYS
BL	0.84	-0.26	0.88		0.95	0.01	0.86	0.88	BL
QTWO	0.89	-0.19	0.81	0.95		0.0	0.82	0.84	QTWO
PCTY	0.32	0.54	-0.35	0.01	0.0		0.34	0.2	PCTY
ALRM	0.87	0.02	0.59	0.86	0.82	0.34		0.91	ALRM
FIVN	0.84	0.02	0.69	0.88	0.84	0.2	0.91		FIVN
	ALKT	WK	AGYS	BL	QTWO	PCTY	ALRM	FIVN

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

QTWO	+ 0.95	BL
FIVN	+ 0.91	ALRM
QTWO	+ 0.89	ALKT
BL	+ 0.88	AGYS
FIVN	+ 0.88	BL
ALRM	+ 0.87	ALKT

High negative correlations

AGYS	- 0.46	WK
PCTY	- 0.35	AGYS
BL	- 0.26	WK
QTWO	- 0.19	WK
PCTY	- 0.0	QTWO

Risk-Adjusted Indicators

There is a big difference between Appfolio Stock performing well and Appfolio Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Appfolio's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ALKT	2.04	0.01	0.03	0.14	2.16	(2.38)	4.82	(4.41)	11.33
WK	1.63	(0.15)	0.00	(0.03)	0.00	0.00	4.00	(2.99)	13.78
AGYS	1.94	0.70	0.36	0.89	1.23	(2.29)	3.97	(2.80)	26.55
BL	1.39	0.16	0.13	0.27	1.26	(1.66)	3.28	(2.27)	12.83
QTWO	1.67	0.11	0.10	0.21	1.44	(2.01)	3.42	(3.01)	16.72
PCTY	1.27	(0.12)	(0.07)	0.00	1.83	(1.21)	2.54	(3.14)	9.61
ALRM	1.32	(0.05)	(0.01)	0.09	1.32	(1.52)	2.49	(2.10)	10.28
FIVN	2.12	0.05	0.06	0.17	1.97	(2.51)	5.68	(3.27)	10.81

Appfolio Corporate Management

Amy Meyer	Chief Officer	Profile
Nat Kunes	VP Management	Profile
Matthew Mazza	Chief Secretary	Profile
Fay Goon	Principal Officer	Profile
Matt Mazza	Chief Secretary	Profile

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