Q2 Holdings Correlations

QTWO Stock

USD 78.65 2.53 3.32%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Q2 Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Q2 Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Q2 Holdings Correlation With Market

Very good diversification

The correlation between Q2 Holdings and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Q2 Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Q2 Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in QTWO Stock, please use our How to Invest in Q2 Holdings guide.

Moving together with QTWO Stock

0.76	DJCO	Daily Journal Corp	Pair Corr
0.88	EB	Eventbrite Class A	Pair Corr
0.81	WK	Workiva	Pair Corr
0.83	DOCU	DocuSign	Pair Corr
0.92	MITK	Mitek Systems	Pair Corr
0.85	VERX	Vertex	Pair Corr
0.76	VERB	Verb Technology Downward Rally	Pair Corr
0.82	DSGX	Descartes Systems	Pair Corr
0.88	MRIN	Marin Software	Pair Corr
0.68	MSTR	MicroStrategy Incorporated Buyout Trend	Pair Corr
0.72	MTLS	Materialise NV	Pair Corr
0.76	MYSZ	My Size	Pair Corr
0.71	VTEX	VTEX	Pair Corr
0.75	EGAN	eGain	Pair Corr
0.7	EGHT	8x8 Common Stock	Pair Corr
0.95	NATL	NCR Atleos	Pair Corr
0.94	NCNO	nCino Inc	Pair Corr

Moving against QTWO Stock

0.64	KC	Kingsoft Cloud Holdings Earnings Call Today	Pair Corr
0.58	MKTW	Marketwise	Pair Corr
0.56	VCSA	Vacasa Inc	Pair Corr
0.34	ZI	ZoomInfo Technologies	Pair Corr
0.33	QH	Quhuo	Pair Corr
0.33	DOMO	Domo Inc	Pair Corr
0.43	ENFN	Enfusion	Pair Corr

Related Correlations Analysis

	MNTV	PRO	MIXT	MLNK	ENFN	PCTY	PWSC	ALKT	CWAN	MODN
MNTV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MNTV
PRO	0.0		0.0	-0.49	0.47	0.81	0.0	0.04	0.26	0.0	PRO
MIXT	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MIXT
MLNK	0.0	-0.49	0.0		-0.49	-0.1	0.0	0.6	-0.02	0.0	MLNK
ENFN	0.0	0.47	0.0	-0.49		0.22	0.0	-0.55	0.42	0.0	ENFN
PCTY	0.0	0.81	0.0	-0.1	0.22		0.0	0.38	0.36	0.0	PCTY
PWSC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PWSC
ALKT	0.0	0.04	0.0	0.6	-0.55	0.38	0.0		0.09	0.0	ALKT
CWAN	0.0	0.26	0.0	-0.02	0.42	0.36	0.0	0.09		0.0	CWAN
MODN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MODN
	MNTV	PRO	MIXT	MLNK	ENFN	PCTY	PWSC	ALKT	CWAN	MODN

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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

PCTY	+ 0.81	PRO
ALKT	+ 0.6	MLNK
ENFN	+ 0.47	PRO
CWAN	+ 0.42	ENFN
ALKT	+ 0.38	PCTY
CWAN	+ 0.36	PCTY

High negative correlations

ALKT	- 0.55	ENFN
ENFN	- 0.49	MLNK
MLNK	- 0.49	PRO
PCTY	- 0.1	MLNK
CWAN	- 0.02	MLNK
MODN	- 0.0	CWAN

Risk-Adjusted Indicators

There is a big difference between QTWO Stock performing well and Q2 Holdings 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 Q2 Holdings' 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
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRO	1.91	(0.10)	0.00	0.83	0.00	0.00	2.90	(3.72)	14.83
MIXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLNK	1.38	(0.14)	0.00	(0.20)	0.00	0.00	1.93	(3.68)	21.48
ENFN	1.18	0.07	0.09	(0.69)	1.61	(1.39)	3.38	(2.60)	10.10
PCTY	1.48	(0.01)	0.00	(0.09)	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
ALKT	1.98	(0.49)	0.00	(0.39)	0.00	0.00	2.55	(4.37)	19.06
CWAN	1.79	(0.10)	0.00	(0.24)	0.00	0.00	3.61	(4.14)	15.32
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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