Meridianlink Correlations

MLNK Stock

USD 23.35 0.43 1.88%

The current 90-days correlation between Meridianlink and Model N is -0.26 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Meridianlink moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meridianlink moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Meridianlink Correlation With Market

Weak diversification

The correlation between Meridianlink and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridianlink and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meridianlink. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Meridianlink Stock please use our How to buy in Meridianlink Stock guide.

Moving together with Meridianlink Stock

0.72

VCSA

Vacasa Inc Trending

Pair Corr

Moving against Meridianlink Stock

0.37	VTEX	VTEX	Pair Corr
0.34	QH	Quhuo	Pair Corr

Related Correlations Analysis

	AMSWA	MODN	CCRD	MNTV	PRO	MIXT	ENFN	PCTY	PWSC	ALKT
AMSWA		0.74	0.31	0.58	0.51	-0.86	0.78	0.66	0.86	0.74	AMSWA
MODN	0.74		0.21	0.63	0.33	-0.69	0.65	0.47	0.66	0.46	MODN
CCRD	0.31	0.21		0.16	0.8	-0.34	0.61	0.74	0.53	0.44	CCRD
MNTV	0.58	0.63	0.16		0.12	-0.49	0.45	0.3	0.53	0.2	MNTV
PRO	0.51	0.33	0.8	0.12		-0.63	0.73	0.94	0.78	0.76	PRO
MIXT	-0.86	-0.69	-0.34	-0.49	-0.63		-0.66	-0.76	-0.89	-0.82	MIXT
ENFN	0.78	0.65	0.61	0.45	0.73	-0.66		0.74	0.83	0.64	ENFN
PCTY	0.66	0.47	0.74	0.3	0.94	-0.76	0.74		0.87	0.83	PCTY
PWSC	0.86	0.66	0.53	0.53	0.78	-0.89	0.83	0.87		0.86	PWSC
ALKT	0.74	0.46	0.44	0.2	0.76	-0.82	0.64	0.83	0.86		ALKT
	AMSWA	MODN	CCRD	MNTV	PRO	MIXT	ENFN	PCTY	PWSC	ALKT

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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

PCTY	+ 0.94	PRO
PWSC	+ 0.87	PCTY
PWSC	+ 0.86	AMSWA
ALKT	+ 0.86	PWSC
PWSC	+ 0.83	ENFN
ALKT	+ 0.83	PCTY

High negative correlations

PWSC	- 0.89	MIXT
MIXT	- 0.86	AMSWA
ALKT	- 0.82	MIXT
PCTY	- 0.76	MIXT
MIXT	- 0.69	MODN
ENFN	- 0.66	MIXT

Risk-Adjusted Indicators

There is a big difference between Meridianlink Stock performing well and Meridianlink 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 Meridianlink'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
AMSWA	1.44	0.34	0.12	(0.68)	1.18	(1.67)	3.79	(2.53)	10.40
MODN	0.50	0.17	0.05	(1.71)	0.29	(0.69)	1.01	(0.50)	10.58
CCRD	2.08	0.56	0.23	0.79	1.86	(2.46)	5.16	(3.71)	9.62
MNTV	0.90	0.60	2.02	(0.52)	0.00	(1.77)	0.43	(0.21)	20.63
PRO	2.45	0.07	0.06	0.14	3.07	(2.40)	6.36	(4.84)	13.99
MIXT	2.00	(0.18)	0.00	(2.62)	0.00	0.00	3.52	(3.34)	12.12
ENFN	1.63	0.18	0.11	0.26	1.58	(1.95)	3.93	(2.90)	10.11
PCTY	1.43	0.23	0.18	0.26	1.27	(1.66)	3.31	(2.49)	12.27
PWSC	0.08	0.02	(0.70)	0.96	0.00	(0.11)	0.18	(0.13)	0.71
ALKT	2.01	0.04	0.06	0.13	2.40	(2.24)	5.03	(4.89)	12.66

Meridianlink Corporate Management

Tim Nguyen	Vice Chairman of the Board, Chief Strategy Officer, Co-Founder	Profile
Richard Scheig	Chief Officer	Profile
Erik Schneider	Sr Relations	Profile
A Rohde	Independent Director	Profile
A Jangalapalli	Independent Director	Profile
Gianna Rotellini	Senior Initiatives	Profile

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