Appfolio Correlations

APPF Stock

USD 242.68 3.13 1.31%

The current 90-days correlation between Appfolio and Paylocity Holdng is 0.22 (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

Good diversification

The correlation between Appfolio and DJI is -0.03 (i.e., Good 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.

Build AI portfolio with Appfolio Stock

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 metropolitan statistical area.

For more detail on how to invest in Appfolio Stock please use our How to Invest in Appfolio guide.

Moving together with Appfolio Stock

0.71	LMN	Lumine Group Earnings Call This Week	Pair Corr
0.76	DND	Dye Durham Earnings Call Tomorrow	Pair Corr
0.74	TOI	Topicus	Pair Corr
0.67	AMPL	Amplitude	Pair Corr

Moving against Appfolio Stock

0.65	BB	BlackBerry	Pair Corr
0.64	OTEX	Open Text Corp	Pair Corr
0.53	WCT	Wellchange Holdings	Pair Corr
0.49	VMEO	Vimeo Inc Earnings Call This Week	Pair Corr
0.47	MOGO	Mogo Inc	Pair Corr
0.43	MLNK	Meridianlink Earnings Call This Week	Pair Corr
0.4	JAMF	Jamf Holding	Pair Corr
0.38	NXPL	Nextplat Corp	Pair Corr
0.34	WALD	Waldencast Acquisition	Pair Corr
0.76	DRMMF	Dream International	Pair Corr
0.74	VRT	Vertiv Holdings	Pair Corr
0.67	USGO	US GoldMining Common	Pair Corr
0.64	STI	Solidion Technology Upward Rally	Pair Corr
0.53	VIVC	Vivic Corp	Pair Corr
0.51	DDS	Dillards,	Pair Corr
0.5	TIXT	TELUS International	Pair Corr
0.44	RAPP	Rapport Therapeutics,	Pair Corr
0.39	CABHF	Carlsberg AS	Pair Corr
0.33	FSTR	LB Foster	Pair Corr

Related Correlations Analysis

	PCTY	DSGX	NICE	LYFT	SRAD	MTCH	CVLT	SOUN	GTM	PEGA
PCTY		0.72	0.67	-0.8	0.65	0.47	0.23	-0.93	-0.02	-0.2	PCTY
DSGX	0.72		0.65	-0.55	0.46	0.31	0.12	-0.65	0.2	0.16	DSGX
NICE	0.67	0.65		-0.35	0.18	0.13	0.34	-0.64	0.38	0.31	NICE
LYFT	-0.8	-0.55	-0.35		-0.37	-0.15	0.06	0.72	0.49	0.41	LYFT
SRAD	0.65	0.46	0.18	-0.37		0.84	0.34	-0.55	0.18	-0.21	SRAD
MTCH	0.47	0.31	0.13	-0.15	0.84		0.49	-0.38	0.24	-0.27	MTCH
CVLT	0.23	0.12	0.34	0.06	0.34	0.49		-0.2	0.29	0.01	CVLT
SOUN	-0.93	-0.65	-0.64	0.72	-0.55	-0.38	-0.2		-0.01	0.11	SOUN
GTM	-0.02	0.2	0.38	0.49	0.18	0.24	0.29	-0.01		0.66	GTM
PEGA	-0.2	0.16	0.31	0.41	-0.21	-0.27	0.01	0.11	0.66		PEGA
	PCTY	DSGX	NICE	LYFT	SRAD	MTCH	CVLT	SOUN	GTM	PEGA

Please upgrade your account to get full access to Macroaxis premium features

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

MTCH	+ 0.84	SRAD
DSGX	+ 0.72	PCTY
SOUN	+ 0.72	LYFT
NICE	+ 0.67	PCTY
PEGA	+ 0.66	GTM
SRAD	+ 0.65	PCTY

High negative correlations

SOUN	- 0.93	PCTY
LYFT	- 0.8	PCTY
SOUN	- 0.65	DSGX
SOUN	- 0.64	NICE
SOUN	- 0.55	SRAD
LYFT	- 0.55	DSGX

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
PCTY	1.18	(0.40)	0.00	(0.29)	0.00	0.00	2.33	(2.62)	7.48
DSGX	1.24	(0.23)	0.00	(0.13)	0.00	0.00	2.34	(2.57)	9.63
NICE	1.79	(0.38)	0.00	(0.20)	0.00	0.00	3.61	(3.55)	18.50
LYFT	2.60	0.46	0.20	0.34	2.18	(3.22)	7.59	(3.85)	19.93
SRAD	1.73	(0.09)	0.00	(0.07)	0.00	0.00	4.09	(4.07)	12.26
MTCH	1.37	(0.14)	0.00	(0.04)	0.00	0.00	2.13	(2.65)	15.90
CVLT	2.14	(0.05)	0.00	0.05	2.28	(2.53)	3.77	(4.23)	23.79
SOUN	4.30	0.58	0.16	0.31	3.85	(4.99)	10.25	(6.57)	36.66
GTM	2.45	(0.11)	0.00	0.03	3.16	(2.60)	5.08	(5.72)	14.09
PEGA	1.87	0.13	0.06	0.18	2.17	(2.04)	3.59	(3.61)	14.89

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC