Appfolio Correlations

APPF Stock

USD 253.75 1.07 0.42%

The current 90-days correlation between Appfolio and nCino Inc is 0.27 (i.e., Modest 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 0.41 (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.

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 against Appfolio Stock

0.64	VS	Versus Systems	Pair Corr
0.57	XELAP	Exela Technologies	Pair Corr

Related Correlations Analysis

	BEKE	NCNO	KC	FROG	BIGC
BEKE		0.48	0.36	0.44	-0.17	BEKE
NCNO	0.48		0.72	0.86	0.44	NCNO
KC	0.36	0.72		0.62	0.75	KC
FROG	0.44	0.86	0.62		0.47	FROG
BIGC	-0.17	0.44	0.75	0.47		BIGC
	BEKE	NCNO	KC	FROG	BIGC

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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

FROG	+ 0.86	NCNO
BIGC	+ 0.75	KC
KC	+ 0.72	NCNO
FROG	+ 0.62	KC
NCNO	+ 0.48	BEKE
BIGC	+ 0.47	FROG

High negative correlations

BIGC

- 0.17

BEKE

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
BEKE	3.50	0.51	0.11	1.06	3.69	(4.04)	8.40	(6.10)	31.65
NCNO	1.35	0.35	0.28	0.37	0.87	(1.54)	3.15	(1.98)	8.91
KC	6.89	1.61	0.28	0.64	5.76	(8.76)	19.49	(14.06)	56.37
FROG	1.77	0.02	0.04	0.14	2.15	(1.78)	4.43	(3.72)	13.97
BIGC	2.43	0.16	0.13	0.21	1.81	(3.48)	7.47	(3.31)	13.63

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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