Alkami Technology Correlations

ALKT Stock

USD 26.55 0.28 1.07%

The correlation of Alkami Technology 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.

Alkami Technology Correlation With Market

Very weak diversification

The correlation between Alkami Technology and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alkami Technology and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Alkami Stock

0.77	DJCO	Daily Journal Corp	Pair Corr
0.95	AI	C3 Ai Inc	Pair Corr
0.87	BL	Blackline	Pair Corr
0.64	DV	DoubleVerify Holdings	Pair Corr
0.89	EB	Eventbrite Class A	Pair Corr
0.84	WK	Workiva	Pair Corr
0.78	ZM	Zoom Video Communications	Pair Corr
0.87	DOCU	DocuSign	Pair Corr
0.88	VERX	Vertex	Pair Corr
0.75	VERB	Verb Technology	Pair Corr
0.86	DSGX	Descartes Systems	Pair Corr
0.89	VMEO	Vimeo Inc	Pair Corr
0.72	VTEX	VTEX	Pair Corr
0.73	EGAN	eGain	Pair Corr
0.66	EGHT	8x8 Common Stock	Pair Corr
0.83	ELWS	Earlyworks Co,	Pair Corr
0.61	WALD	Waldencast Acquisition	Pair Corr
0.9	WBTN	WEBTOON Entertainment	Pair Corr
0.63	WDAY	Workday	Pair Corr
0.75	WFCF	Where Food Comes	Pair Corr
0.87	ETWO	E2open Parent Holdings	Pair Corr
0.72	FICO	Fair Isaac	Pair Corr
0.9	ANY	Sphere 3D Corp	Pair Corr

Moving against Alkami Stock

0.71	KC	Kingsoft Cloud Holdings	Pair Corr
0.63	VCSA	Vacasa Inc	Pair Corr
0.53	ENFN	Enfusion	Pair Corr
0.4	DOMO	Domo Inc	Pair Corr
0.39	QH	Quhuo	Pair Corr
0.39	FROG	Jfrog	Pair Corr
0.38	API	Agora Inc	Pair Corr

Related Correlations Analysis

	MIXT	AGYS	ADEA	PYCR	PCTY	PWSC	CWAN	MNTV	WK	BL
MIXT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MIXT
AGYS	0.0		-0.27	-0.71	-0.12	0.0	-0.16	0.0	0.93	0.62	AGYS
ADEA	0.0	-0.27		0.05	0.02	0.0	0.61	0.0	-0.5	-0.6	ADEA
PYCR	0.0	-0.71	0.05		0.07	0.0	0.0	0.0	-0.61	-0.47	PYCR
PCTY	0.0	-0.12	0.02	0.07		0.0	0.38	0.0	-0.04	0.27	PCTY
PWSC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PWSC
CWAN	0.0	-0.16	0.61	0.0	0.38	0.0		0.0	-0.22	-0.06	CWAN
MNTV	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MNTV
WK	0.0	0.93	-0.5	-0.61	-0.04	0.0	-0.22	0.0		0.79	WK
BL	0.0	0.62	-0.6	-0.47	0.27	0.0	-0.06	0.0	0.79		BL
	MIXT	AGYS	ADEA	PYCR	PCTY	PWSC	CWAN	MNTV	WK	BL

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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

WK	+ 0.93	AGYS
BL	+ 0.79	WK
BL	+ 0.62	AGYS
CWAN	+ 0.61	ADEA
CWAN	+ 0.38	PCTY
BL	+ 0.27	PCTY

High negative correlations

PYCR	- 0.71	AGYS
WK	- 0.61	PYCR
BL	- 0.6	ADEA
WK	- 0.5	ADEA
BL	- 0.47	PYCR
ADEA	- 0.27	AGYS

Risk-Adjusted Indicators

There is a big difference between Alkami Stock performing well and Alkami Technology 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 Alkami Technology'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
MIXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGYS	2.60	(0.77)	0.00	(0.98)	0.00	0.00	3.48	(5.60)	24.77
ADEA	1.79	0.02	0.00	(0.04)	0.00	0.00	2.53	(4.06)	26.93
PYCR	0.87	0.21	0.24	1.44	0.66	(1.14)	1.09	(1.47)	26.32
PCTY	1.44	0.01	0.00	(0.06)	0.00	0.00	2.28	(2.98)	8.44
PWSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWAN	1.76	(0.10)	0.00	(0.24)	0.00	0.00	3.61	(4.14)	15.32
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WK	2.03	(0.18)	0.00	(0.30)	0.00	0.00	3.72	(3.42)	17.17
BL	1.59	(0.27)	0.00	(0.37)	0.00	0.00	2.60	(3.10)	23.23

Alkami Technology Corporate Management

Prerna Sachdeva	Chief Officer	Profile
Stephen Bohanon	Chief CoFounder	Profile
Douglas Linebarger	Chief Secretary	Profile
Bryan Hill	CFO Treasurer	Profile
Jeff Johnson	Director Devel	Profile
Gagan Kanjlia	Chief Officer	Profile
Douglas JD	Chief Secretary	Profile

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