Yext Correlations

YEXT Stock

USD 6.72 0.27 4.19%

The current 90-days correlation between Yext Inc and Palo Alto Networks is 0.02 (i.e., Significant diversification). The correlation of Yext 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Yext Correlation With Market

Modest diversification

The correlation between Yext Inc and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yext Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yext Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Yext Stock

0.68	JG	Aurora Mobile Trending	Pair Corr
0.61	DOCN	DigitalOcean Holdings	Pair Corr
0.7	BOX	Box Inc	Pair Corr
0.62	DBX	Dropbox	Pair Corr
0.71	GEN	Gen Digital	Pair Corr
0.78	IOT	Samsara	Pair Corr
0.67	MDB	MongoDB	Pair Corr

Moving against Yext Stock

0.71	VRNT	Verint Systems	Pair Corr
0.66	VHAI	VHAI	Pair Corr
0.58	ZS	Zscaler	Pair Corr
0.52	VRAR	Glimpse Group	Pair Corr
0.49	MQ	Marqeta	Pair Corr
0.37	EEFT	Euronet Worldwide	Pair Corr
0.47	FIVN	Five9 Inc	Pair Corr
0.47	RPD	Rapid7 Inc	Pair Corr
0.39	LIDRW	AEye Inc	Pair Corr
0.33	PGY	Pagaya Technologies	Pair Corr

Related Correlations Analysis

	PANW	ADBE	ZS	MSFT	ORCL
PANW		0.57	0.37	0.18	0.34	PANW
ADBE	0.57		0.46	0.24	-0.23	ADBE
ZS	0.37	0.46		0.54	-0.29	ZS
MSFT	0.18	0.24	0.54		0.29	MSFT
ORCL	0.34	-0.23	-0.29	0.29		ORCL
	PANW	ADBE	ZS	MSFT	ORCL

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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

ADBE	+ 0.57	PANW
MSFT	+ 0.54	ZS
ZS	+ 0.46	ADBE
ZS	+ 0.37	PANW
ORCL	+ 0.34	PANW
ORCL	+ 0.29	MSFT

High negative correlations

ORCL	- 0.29	ZS
ORCL	- 0.23	ADBE

Risk-Adjusted Indicators

There is a big difference between Yext Stock performing well and Yext 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 Yext'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
PANW	1.65	(0.08)	(0.03)	0.05	1.91	(1.72)	4.33	(2.85)	10.03
ADBE	1.30	(0.15)	0.00	(0.03)	0.00	0.00	2.66	(2.86)	11.89
ZS	1.95	(0.18)	0.00	(0.01)	0.00	0.00	3.44	(3.40)	24.41
MSFT	1.01	(0.18)	0.00	(0.09)	0.00	0.00	1.83	(2.45)	5.77
ORCL	1.31	0.22	0.11	0.35	1.45	(1.37)	2.67	(3.00)	13.19

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