Appian Corp Correlations

APPN Stock

USD 30.41 0.58 1.87%

The current 90-days correlation between Appian Corp and Confluent is 0.39 (i.e., Weak diversification). 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.

Appian Corp Correlation With Market

Significant diversification

The correlation between Appian Corp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Appian Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Appian Corp. 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.

To learn how to invest in Appian Stock, please use our How to Invest in Appian Corp guide.

Moving together with Appian Stock

0.87	S	SentinelOne	Pair Corr
0.78	BB	BlackBerry Aggressive Push	Pair Corr
0.83	DOCN	DigitalOcean Holdings Earnings Call Tomorrow	Pair Corr
0.73	VERI	Veritone	Pair Corr
0.66	DTSS	Datasea	Pair Corr
0.86	VRAR	Glimpse Group	Pair Corr
0.64	VRNS	Varonis Systems	Pair Corr
0.85	VRNT	Verint Systems	Pair Corr
0.69	FAAS	DigiAsia Corp	Pair Corr
0.84	FFIV	F5 Networks	Pair Corr
0.87	FIVN	Five9 Inc	Pair Corr
0.62	FAASW	DigiAsia Corp	Pair Corr
0.77	FLYW	Flywire Corp Buyout Trend	Pair Corr
0.65	FMTO	Femto Technologies Symbol Change	Pair Corr
0.84	BOX	Box Inc	Pair Corr
0.79	FOUR	Shift4 Payments	Pair Corr
0.81	DLO	Dlocal Earnings Call This Week	Pair Corr
0.86	GCT	GigaCloud Technology	Pair Corr
0.73	GEN	Gen Digital Buyout Trend	Pair Corr
0.73	FTNT	Fortinet	Pair Corr
0.79	IOT	Samsara	Pair Corr
0.84	MDB	MongoDB	Pair Corr
0.8	NET	Cloudflare	Pair Corr
0.74	LIDRW	AEye Inc	Pair Corr

Moving against Appian Stock

0.53	GB	Global Blue Group	Pair Corr
0.36	VRSN	VeriSign	Pair Corr
0.75	SWI	SolarWinds Corp	Pair Corr

Related Correlations Analysis

	CFLT	NET	ZS	MDB	MQ	FIVN	DOCN	ATEN	ALTR
CFLT		0.86	0.01	0.89	-0.12	0.9	0.92	0.93	-0.66	CFLT
NET	0.86		0.28	0.94	-0.34	0.9	0.89	0.86	-0.63	NET
ZS	0.01	0.28		0.06	0.1	0.05	0.1	0.01	0.03	ZS
MDB	0.89	0.94	0.06		-0.31	0.97	0.92	0.91	-0.76	MDB
MQ	-0.12	-0.34	0.1	-0.31		-0.26	-0.09	-0.24	0.21	MQ
FIVN	0.9	0.9	0.05	0.97	-0.26		0.94	0.92	-0.81	FIVN
DOCN	0.92	0.89	0.1	0.92	-0.09	0.94		0.92	-0.72	DOCN
ATEN	0.93	0.86	0.01	0.91	-0.24	0.92	0.92		-0.68	ATEN
ALTR	-0.66	-0.63	0.03	-0.76	0.21	-0.81	-0.72	-0.68		ALTR
	CFLT	NET	ZS	MDB	MQ	FIVN	DOCN	ATEN	ALTR

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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

FIVN	+ 0.97	MDB
MDB	+ 0.94	NET
DOCN	+ 0.94	FIVN
ATEN	+ 0.93	CFLT
DOCN	+ 0.92	CFLT
DOCN	+ 0.92	MDB

High negative correlations

ALTR	- 0.81	FIVN
ALTR	- 0.76	MDB
ALTR	- 0.72	DOCN
ALTR	- 0.68	ATEN
ALTR	- 0.66	CFLT
ALTR	- 0.63	NET

Risk-Adjusted Indicators

There is a big difference between Appian Stock performing well and Appian Corp 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 Appian Corp'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
CFLT	3.71	(0.45)	0.00	(47.26)	0.00	0.00	6.84	(8.31)	43.44
NET	3.10	0.14	0.00	(0.05)	0.00	0.00	5.38	(8.00)	27.94
ZS	2.31	0.46	0.11	0.16	3.28	(2.27)	3.41	(4.21)	17.84
MDB	2.97	(0.34)	0.00	(0.31)	0.00	0.00	6.49	(5.77)	30.77
MQ	2.39	0.19	0.07	0.09	2.86	(2.81)	4.40	(5.87)	28.14
FIVN	2.61	(0.45)	0.00	(0.36)	0.00	0.00	5.38	(7.28)	25.31
DOCN	3.57	(0.19)	0.00	(0.21)	0.00	0.00	6.02	(8.26)	26.36
ATEN	1.94	(0.25)	0.00	2.10	0.00	0.00	2.93	(3.88)	19.51
ALTR	0.19	0.06	0.76	22.18	0.00	(0.23)	0.31	(0.19)	2.17

Appian Corp Corporate Management

William McCarthy	Acting Director	Profile
Lang Ly	Chief Staff	Profile
Christopher JD	General Secretary	Profile
Mark Dorsey	Chief Officer	Profile
Ben Farrell	Vice Communications	Profile
Randy Guard	Chief Officer	Profile

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