Q2 Holdings Correlations

QTWO Stock

USD 76.53 4.67 5.75%

The current 90-days correlation between Q2 Holdings and Alkami Technology is 0.8 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Q2 Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Q2 Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Q2 Holdings Correlation With Market

Very weak diversification

The correlation between Q2 Holdings and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Q2 Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with QTWO Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Q2 Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in QTWO Stock, please use our How to Invest in Q2 Holdings guide.

Moving together with QTWO Stock

0.82	BL	Blackline Earnings Call This Week	Pair Corr
0.71	DT	Dynatrace Holdings LLC Earnings Call This Week	Pair Corr
0.73	EB	Eventbrite Class A Earnings Call This Week	Pair Corr
0.76	VTEX	VTEX Earnings Call This Week	Pair Corr

Moving against QTWO Stock

0.31	WK	Workiva Trending	Pair Corr
0.31	VBIX	Viewbix Common Stock	Pair Corr
0.56	EPWK	EPWK Holdings	Pair Corr
0.43	VMEO	Vimeo Inc Earnings Call Tomorrow	Pair Corr
0.4	WETO	Webus International	Pair Corr
0.46	FRGT	Freight Technologies Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ONTF	ALKT	WK	APPF	PCTY	VRNS	BL
ONTF		0.59	-0.26	-0.17	0.05	0.26	0.8	ONTF
ALKT	0.59		-0.17	-0.51	0.3	-0.23	0.44	ALKT
WK	-0.26	-0.17		0.12	0.35	-0.2	-0.26	WK
APPF	-0.17	-0.51	0.12		-0.43	0.82	0.29	APPF
PCTY	0.05	0.3	0.35	-0.43		-0.47	-0.13	PCTY
VRNS	0.26	-0.23	-0.2	0.82	-0.47		0.65	VRNS
BL	0.8	0.44	-0.26	0.29	-0.13	0.65		BL
	ONTF	ALKT	WK	APPF	PCTY	VRNS	BL

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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

VRNS	+ 0.82	APPF
BL	+ 0.8	ONTF
BL	+ 0.65	VRNS
ALKT	+ 0.59	ONTF
BL	+ 0.44	ALKT
PCTY	+ 0.35	WK

High negative correlations

APPF	- 0.51	ALKT
VRNS	- 0.47	PCTY
PCTY	- 0.43	APPF
BL	- 0.26	WK
WK	- 0.26	ONTF
VRNS	- 0.23	ALKT

Risk-Adjusted Indicators

There is a big difference between QTWO Stock performing well and Q2 Holdings 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 Q2 Holdings' 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
ONTF	1.68	(0.16)	(0.05)	0.00	1.93	(1.86)	3.38	(3.21)	11.18
ALKT	2.26	(0.56)	0.00	(0.16)	0.00	0.00	4.82	(5.54)	20.82
WK	2.03	0.30	0.06	(0.89)	2.26	(2.22)	4.00	(3.24)	10.61
APPF	1.62	0.66	0.39	1.58	1.05	(2.05)	3.27	(3.06)	7.94
PCTY	1.30	(0.18)	0.00	(0.09)	0.00	0.00	2.54	(3.14)	9.61
VRNS	1.09	0.33	0.18	0.89	1.00	(1.19)	3.03	(1.97)	8.70
BL	1.28	0.03	0.04	0.13	1.34	(1.49)	3.16	(2.48)	12.83

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