NCino Correlations

NCNO Stock

USD 34.25 0.15 0.44%

The current 90-days correlation between nCino Inc and Clearwater Analytics Holdings is 0.26 (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

Weak diversification

The correlation between nCino Inc and DJI is 0.36 (i.e., 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.

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

0.69	PD	Pagerduty	Pair Corr
0.63	ZI	ZoomInfo Technologies	Pair Corr
0.67	DOMO	Domo Inc	Pair Corr
0.86	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.88	MLNK	Meridianlink	Pair Corr

Moving against NCino Stock

0.81	VCSA	Vacasa Inc	Pair Corr
0.76	VS	Versus Systems	Pair Corr
0.72	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.67	DOCU	DocuSign	Pair Corr
0.64	MITK	Mitek Systems	Pair Corr
0.56	MKTW	Marketwise	Pair Corr
0.5	WK	Workiva Earnings Call Tomorrow	Pair Corr
0.36	ML	MoneyLion	Pair Corr
0.76	EGAN	eGain	Pair Corr
0.76	ENFN	Enfusion	Pair Corr
0.64	MNDO	MIND CTI	Pair Corr
0.6	MTTR	Matterport Earnings Call Tomorrow	Pair Corr
0.59	DUOT	Duos Technologies	Pair Corr
0.56	WFCF	Where Food Comes	Pair Corr
0.52	MTLS	Materialise NV	Pair Corr
0.46	WBTN	WEBTOON Entertainment Potential Growth	Pair Corr
0.44	MYSZ	My Size	Pair Corr

Related Correlations Analysis

	CWAN	MLNK	ENV	MODN	BIGC	ZI	GTLB	MNDY	PWSC
CWAN		0.81	0.0	0.0	0.42	0.52	0.05	0.49	0.0	CWAN
MLNK	0.81		0.0	0.0	0.49	0.74	-0.31	0.35	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	0.42	0.49	0.0	0.0		0.36	0.28	0.68	0.0	BIGC
ZI	0.52	0.74	0.0	0.0	0.36		-0.15	0.32	0.0	ZI
GTLB	0.05	-0.31	0.0	0.0	0.28	-0.15		0.47	0.0	GTLB
MNDY	0.49	0.35	0.0	0.0	0.68	0.32	0.47		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	+ 0.81	CWAN
ZI	+ 0.74	MLNK
MNDY	+ 0.68	BIGC
ZI	+ 0.52	CWAN
MNDY	+ 0.49	CWAN
BIGC	+ 0.49	MLNK

High negative correlations

GTLB	- 0.31	MLNK
GTLB	- 0.15	ZI
PWSC	- 0.0	MNDY
PWSC	- 0.0	GTLB
PWSC	- 0.0	ZI
PWSC	- 0.0	BIGC

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	1.53	(0.25)	0.00	(0.43)	0.00	0.00	2.80	(3.97)	8.39
MLNK	1.29	(0.36)	0.00	(0.38)	0.00	0.00	1.93	(3.47)	7.26
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	2.31	0.20	0.08	0.22	2.25	(2.93)	5.27	(3.55)	15.83
ZI	2.37	(0.18)	0.00	(0.25)	0.00	0.00	3.86	(5.08)	25.00
GTLB	2.28	0.21	0.08	0.21	2.52	(2.49)	6.03	(3.90)	16.24
MNDY	3.25	0.08	0.02	0.04	4.29	(3.25)	6.35	(5.63)	29.57
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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