MondayCom Correlations

MNDY Stock

USD 180.91 6.76 3.60%

The current 90-days correlation between MondayCom and Lendway is 0.04 (i.e., Significant diversification). The correlation of MondayCom 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. If the correlation is 0, the equities are not correlated; they are entirely random.

MondayCom Correlation With Market

Weak diversification

The correlation between MondayCom and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MondayCom and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MondayCom Stock

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

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

Moving together with MondayCom Stock

0.78	DT	Dynatrace Holdings LLC	Pair Corr
0.69	JG	Aurora Mobile	Pair Corr
0.75	QH	Quhuo	Pair Corr
0.81	VS	Versus Systems	Pair Corr
0.87	DMRC	Digimarc	Pair Corr
0.74	TREJHARA	TREJHARA SOLUTIONS Earnings Call This Week	Pair Corr
0.91	VEEA	Veea Inc	Pair Corr
0.93	VERX	Vertex	Pair Corr
0.68	IOM	iomart Group plc	Pair Corr

Moving against MondayCom Stock

0.82	ZD	Ziff Davis	Pair Corr
0.68	WK	Workiva	Pair Corr
0.66	MEGASOFT	Megasoft Limited	Pair Corr
0.58	PD	Pagerduty	Pair Corr
0.57	U	Unity Software Aggressive Push	Pair Corr
0.42	ZM	Zoom Video Communications	Pair Corr
0.7	TRB	Tribal Group plc	Pair Corr
0.69	300036	Beijing SuperMap Software	Pair Corr
0.48	300895	Beijing Topnew Info	Pair Corr
0.46	300845	Zhengzhou J	Pair Corr
0.44	VERI	Veritone Trending	Pair Corr
0.33	002410	Glodon Software	Pair Corr
0.7	600588	Yonyou Network Technology	Pair Corr
0.45	AUTO	Carbeeza	Pair Corr
0.39	VMEO	Vimeo Inc	Pair Corr
0.34	ARC	Arcontech Group Plc	Pair Corr
0.32	EGAN	eGain Tech Boost	Pair Corr

Related Correlations Analysis

	LDWY	SPCB	SONM	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF
LDWY		-0.36	-0.55	0.06	-0.02	0.19	-0.02	0.0	0.42	-0.21	LDWY
SPCB	-0.36		0.22	0.56	0.56	0.22	0.61	0.0	0.46	0.64	SPCB
SONM	-0.55	0.22		-0.08	0.08	-0.16	0.02	0.0	-0.36	0.13	SONM
LBHIX	0.06	0.56	-0.08		0.88	0.83	0.95	0.0	0.76	0.79	LBHIX
MSTSX	-0.02	0.56	0.08	0.88		0.75	0.97	0.0	0.58	0.8	MSTSX
VIASP	0.19	0.22	-0.16	0.83	0.75		0.81	0.0	0.57	0.7	VIASP
RRTLX	-0.02	0.61	0.02	0.95	0.97	0.81		0.0	0.67	0.86	RRTLX
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OSHDF
70082LAB3	0.42	0.46	-0.36	0.76	0.58	0.57	0.67	0.0		0.43	70082LAB3
SITKF	-0.21	0.64	0.13	0.79	0.8	0.7	0.86	0.0	0.43		SITKF
	LDWY	SPCB	SONM	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF

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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

RRTLX	+ 0.97	MSTSX
RRTLX	+ 0.95	LBHIX
MSTSX	+ 0.88	LBHIX
SITKF	+ 0.86	RRTLX
VIASP	+ 0.83	LBHIX
RRTLX	+ 0.81	VIASP

High negative correlations

SONM	- 0.55	LDWY
70082LAB3	- 0.36	SONM
SPCB	- 0.36	LDWY
SITKF	- 0.21	LDWY
VIASP	- 0.16	SONM
LBHIX	- 0.08	SONM

Risk-Adjusted Indicators

There is a big difference between MondayCom Stock performing well and MondayCom 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 MondayCom'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
LDWY	1.96	0.01	(0.02)	0.01	2.55	(2.70)	4.89	(4.81)	15.89
SPCB	3.50	0.13	0.04	0.15	3.44	(4.49)	8.77	(6.75)	26.53
SONM	3.76	(0.11)	0.00	0.02	4.76	(4.50)	9.52	(8.47)	23.32
LBHIX	0.14	0.02	(0.10)	0.25	0.00	(0.32)	0.24	(0.24)	1.42
MSTSX	0.47	0.01	0.00	0.06	0.60	(0.49)	1.11	(0.85)	3.97
VIASP	0.33	0.04	(0.02)	0.38	0.36	(0.35)	0.64	(0.72)	2.46
RRTLX	0.21	0.02	(0.04)	0.11	0.12	(0.24)	0.47	(0.31)	1.85
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	1.35	0.04	(0.01)	(0.02)	3.46	(1.19)	2.47	(2.47)	18.88
SITKF	3.71	1.20	0.30	(24.90)	2.96	(5.16)	8.70	(4.76)	26.41

MondayCom Corporate Management

Byron Stephen	Director Relations	Profile
Daniel Lereya	Chief Officer	Profile
Adi Dar	Chief Officer	Profile
Eliran Glazer	Chief Officer	Profile
Roy Mann	CoCEO CoFounder	Profile
Yoni Osherov	Chief Officer	Profile
Ouriel Weisz	Vice Operations	Profile

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