NCino Correlations

NCNO Stock

USD 26.45 0.35 1.31%

The current 90-days correlation between nCino Inc and Clearwater Analytics Holdings is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NCino moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nCino Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NCino Correlation With Market

Very weak diversification

The correlation between nCino Inc and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding nCino Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NCino Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nCino Inc. 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.

Moving together with NCino Stock

0.61	DJCO	Daily Journal Corp	Pair Corr
0.62	DT	Dynatrace Holdings LLC	Pair Corr
0.64	DV	DoubleVerify Holdings	Pair Corr
0.62	DMRC	Digimarc	Pair Corr
0.61	ESTC	Elastic NV	Pair Corr
0.78	API	Agora Inc	Pair Corr
0.79	CXM	Sprinklr	Pair Corr

Moving against NCino Stock

0.44	WETO	Webus International	Pair Corr
0.38	EPWK	EPWK Holdings	Pair Corr
0.35	FICO	Fair Isaac	Pair Corr

Related Correlations Analysis

	CWAN	MLNK	ENV	MODN	BIGC	ZI	GTLB	MNDY	PWSC
CWAN		0.96	0.0	0.0	0.94	0.57	0.64	-0.14	0.0	CWAN
MLNK	0.96		0.0	0.0	0.93	0.54	0.66	-0.09	0.0	MLNK
ENV	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ENV
MODN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MODN
BIGC	0.94	0.93	0.0	0.0		0.58	0.53	-0.31	0.0	BIGC
ZI	0.57	0.54	0.0	0.0	0.58		0.04	-0.28	0.0	ZI
GTLB	0.64	0.66	0.0	0.0	0.53	0.04		0.42	0.0	GTLB
MNDY	-0.14	-0.09	0.0	0.0	-0.31	-0.28	0.42		0.0	MNDY
PWSC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PWSC
	CWAN	MLNK	ENV	MODN	BIGC	ZI	GTLB	MNDY	PWSC

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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

MLNK	+ 0.96	CWAN
BIGC	+ 0.94	CWAN
BIGC	+ 0.93	MLNK
GTLB	+ 0.66	MLNK
GTLB	+ 0.64	CWAN
ZI	+ 0.58	BIGC

High negative correlations

MNDY	- 0.31	BIGC
MNDY	- 0.28	ZI
MNDY	- 0.14	CWAN
MNDY	- 0.09	MLNK
PWSC	- 0.0	MNDY
PWSC	- 0.0	GTLB

Risk-Adjusted Indicators

There is a big difference between NCino Stock performing well and NCino 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 NCino'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
CWAN	1.80	(0.35)	0.00	(0.26)	0.00	0.00	2.74	(6.29)	15.52
MLNK	1.68	(0.30)	0.00	(0.29)	0.00	0.00	3.04	(3.93)	12.58
ENV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIGC	1.92	(0.30)	0.00	(0.25)	0.00	0.00	3.07	(4.22)	15.25
ZI	2.69	(0.15)	0.00	6.26	0.00	0.00	4.39	(7.03)	23.93
GTLB	2.71	(0.28)	0.00	(0.15)	0.00	0.00	5.20	(5.67)	24.86
MNDY	2.39	0.14	0.04	0.11	3.40	(2.44)	4.34	(6.36)	22.43
PWSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

NCino Corporate Management

David Rudow	CFO Treasurer	Profile
Anthony Morris	Senior Advisory	Profile
Jeanette Sellers	Vice Accounting	Profile
Paul Clarkson	Executive Revenue	Profile
Ben Miller	Executive Mortgage	Profile
Matthew Hansen	Chief Officer	Profile

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