Appian Corporation Class A Common Stock (APPN) Correlation Distribution
Across 6,809 rolling correlation observations between Appian Corporation Class A Common Stock (APPN) and other NASDAQ-listed stocks, 68.8% are positive and 31.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.294, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.8% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.294
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.8%
- Strong positive (≥0.7)
- 30.8%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 28 | 0.4% | |
| -0.8 to -0.7 | 27 | 0.4% | |
| -0.7 to -0.6 | 310 | 4.6% | |
| -0.6 to -0.5 | 310 | 4.6% | |
| -0.5 to -0.4 | 351 | 5.2% | |
| -0.4 to -0.3 | 350 | 5.1% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 261 | 3.8% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 227 | 3.3% | |
| 0.1 to 0.2 | 259 | 3.8% | |
| 0.2 to 0.3 | 258 | 3.8% | |
| 0.3 to 0.4 | 336 | 4.9% | |
| 0.4 to 0.5 | 336 | 4.9% | |
| 0.5 to 0.6 | 587 | 8.6% | |
| 0.6 to 0.7 | 586 | 8.6% | |
| 0.7 to 0.8 | 878 | 12.9% | |
| 0.8 to 0.9 | 877 | 12.9% | |
| 0.9 to 1.0 | 339 | 5.0% |
Frequently asked questions
What is the average correlation of APPN?
Appian Corporation Class A Common Stock (APPN) has an average correlation of about 0.294 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is APPN positively correlated with other stocks?
Mostly yes — 68.8% of pairs are positive and 31.2% are negative. Strong positive correlations (≥0.7) make up 30.8%.
What is the most common correlation range for APPN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for APPN.
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