Meridianlink Correlations

MLNK Stock

USD 16.23 0.02 0.12%

The current 90-days correlation between Meridianlink and Sapiens International is 0.05 (i.e., Significant 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

Poor diversification

The correlation between Meridianlink and DJI is 0.6 (i.e., Poor 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, 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

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Pair Corr

Related Correlations Analysis

	SPNS	STSFF	INFY	ENLT	GETY	WES	UUGWF
SPNS		0.64	0.65	0.55	0.36	0.4	0.6	SPNS
STSFF	0.64		0.76	0.83	0.12	0.45	0.66	STSFF
INFY	0.65	0.76		0.83	0.26	0.71	0.75	INFY
ENLT	0.55	0.83	0.83		0.14	0.62	0.68	ENLT
GETY	0.36	0.12	0.26	0.14		0.25	0.4	GETY
WES	0.4	0.45	0.71	0.62	0.25		0.55	WES
UUGWF	0.6	0.66	0.75	0.68	0.4	0.55		UUGWF
	SPNS	STSFF	INFY	ENLT	GETY	WES	UUGWF

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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
SPNS	1.36	0.16	0.04	(1.51)	1.51	(1.47)	3.11	(2.51)	12.16
STSFF	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.43
INFY	1.37	0.01	0.00	0.09	1.92	(1.46)	2.38	(3.85)	11.61
ENLT	2.16	0.59	0.22	1.08	2.14	(2.45)	5.08	(3.61)	11.27
GETY	3.52	(0.18)	0.00	(0.03)	0.00	0.00	6.91	(7.25)	23.43
WES	1.48	(0.11)	0.00	(0.06)	0.00	0.00	3.02	(3.23)	9.35
UUGWF	0.72	0.27	0.00	(2.85)	0.00	0.00	2.84	0.00	11.75

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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