Meridianlink Correlations

MLNK Stock

USD 20.01 0.00 0.00%

The current 90-days correlation between Meridianlink and Pagerduty is -0.14 (i.e., 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

Significant diversification

The correlation between Meridianlink and DJI is 0.09 (i.e., Significant 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.

Build AI portfolio with Meridianlink Stock

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

Moving together with Meridianlink Stock

0.71	VERI	Veritone	Pair Corr
0.68	DUOT	Duos Technologies	Pair Corr
0.96	VMEO	Vimeo Inc	Pair Corr

Moving against Meridianlink Stock

0.88	DV	DoubleVerify Holdings	Pair Corr
0.75	MQ	Marqeta	Pair Corr
0.62	JG	Aurora Mobile Tech Boost	Pair Corr
0.53	NN	Nextnav Acquisition Corp	Pair Corr
0.49	BGE	Bridge Saas	Pair Corr
0.44	PD	Pagerduty Earnings Call This Week	Pair Corr
0.39	DT	Dynatrace Holdings LLC	Pair Corr
0.32	ZD	Ziff Davis	Pair Corr
0.85	688078	Beijing LongRuan Tec	Pair Corr
0.78	300845	Zhengzhou J	Pair Corr
0.7	300895	Beijing Topnew Info	Pair Corr
0.31	VERX	Vertex	Pair Corr
0.76	NOW	NowVertical Group	Pair Corr
0.75	600588	Yonyou Network Technology	Pair Corr
0.74	603383	Fujian Apex Software	Pair Corr
0.63	GENESYS	Genesys International	Pair Corr
0.57	DTST	Data Storage Corp Tech Boost	Pair Corr
0.44	DSGX	Descartes Systems	Pair Corr
0.44	KELLTONTEC	Kellton Tech Solutions	Pair Corr

Related Correlations Analysis

	PD	PAR	ALIT	KDK	LSPD	ADEA	KARO	PRCH	JAMF	AMPL
PD		0.62	0.78	0.57	0.29	0.57	0.66	0.72	-0.62	0.6	PD
PAR	0.62		0.79	0.79	0.29	0.03	0.47	0.49	-0.69	0.74	PAR
ALIT	0.78	0.79		0.8	0.11	0.53	0.68	0.87	-0.87	0.55	ALIT
KDK	0.57	0.79	0.8		0.3	0.2	0.43	0.66	-0.61	0.63	KDK
LSPD	0.29	0.29	0.11	0.3		0.09	0.08	0.06	0.1	0.43	LSPD
ADEA	0.57	0.03	0.53	0.2	0.09		0.51	0.7	-0.45	0.11	ADEA
KARO	0.66	0.47	0.68	0.43	0.08	0.51		0.74	-0.54	0.64	KARO
PRCH	0.72	0.49	0.87	0.66	0.06	0.7	0.74		-0.66	0.48	PRCH
JAMF	-0.62	-0.69	-0.87	-0.61	0.1	-0.45	-0.54	-0.66		-0.36	JAMF
AMPL	0.6	0.74	0.55	0.63	0.43	0.11	0.64	0.48	-0.36		AMPL
	PD	PAR	ALIT	KDK	LSPD	ADEA	KARO	PRCH	JAMF	AMPL

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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

PRCH	+ 0.87	ALIT
KDK	+ 0.8	ALIT
ALIT	+ 0.79	PAR
KDK	+ 0.79	PAR
ALIT	+ 0.78	PD
AMPL	+ 0.74	PAR

High negative correlations

JAMF	- 0.87	ALIT
JAMF	- 0.69	PAR
JAMF	- 0.66	PRCH
JAMF	- 0.62	PD
JAMF	- 0.61	KDK
JAMF	- 0.54	KARO

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
PD	1.75	(0.14)	0.00	(0.04)	0.00	0.00	4.41	(3.70)	11.81
PAR	2.06	(0.68)	0.00	(0.31)	0.00	0.00	4.13	(5.40)	22.24
ALIT	1.96	(1.00)	0.00	(0.51)	0.00	0.00	2.96	(5.14)	12.90
KDK	4.49	(0.74)	0.00	(0.32)	0.00	0.00	8.78	(12.87)	41.55
LSPD	2.18	(0.14)	0.00	(0.04)	0.00	0.00	3.29	(4.61)	21.17
ADEA	2.20	(0.34)	0.00	(0.09)	0.00	0.00	5.27	(4.99)	22.40
KARO	1.99	(0.20)	0.00	(0.07)	0.00	0.00	5.56	(4.57)	23.83
PRCH	2.71	(0.77)	0.00	(0.30)	0.00	0.00	5.47	(4.71)	42.64
JAMF	1.89	0.62	0.26	0.70	1.54	(2.13)	4.72	(3.56)	15.40
AMPL	2.34	(0.18)	0.00	(0.05)	0.00	0.00	4.45	(5.86)	14.37

Meridianlink Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Meridianlink stock to make a market-neutral strategy. Peer analysis of Meridianlink could also be used in its relative valuation, which is a method of valuing Meridianlink by comparing valuation metrics with similar companies.

Pagerduty PAR Technology Alight Inc Kodiak AI, Common Lightspeed Commerce ADEIA P Karooooo Porch Group Jamf Holding Amplitude American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

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
Dean Germeyer	Chief Officer	Profile
A Rohde	Independent Director	Profile
A Jangalapalli	Independent Director	Profile

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