Yext Correlations

YEXT Stock

USD 8.33 0.16 1.88%

The current 90-days correlation between Yext Inc and CSG Systems International is 0.15 (i.e., Average diversification). The correlation of Yext 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.

Yext Correlation With Market

Modest diversification

The correlation between Yext Inc and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yext Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yext 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 interest.

Moving together with Yext Stock

0.75	S	SentinelOne	Pair Corr
0.82	NN	Nextnav Acquisition Corp	Pair Corr
0.81	SQ	Block Inc Sell-off Trend	Pair Corr
0.65	DTSS	Datasea	Pair Corr
0.65	EVCM	EverCommerce	Pair Corr
0.83	CETXP	Cemtrex Pref	Pair Corr
0.9	FFIV	F5 Networks	Pair Corr
0.62	FLYW	Flywire Corp	Pair Corr
0.62	BOX	Box Inc Earnings Call This Week	Pair Corr
0.86	FOUR	Shift4 Payments	Pair Corr
0.84	DBX	Dropbox	Pair Corr
0.84	GEN	Gen Digital Sell-off Trend	Pair Corr
0.78	FTNT	Fortinet	Pair Corr
0.91	IOT	Samsara	Pair Corr
0.79	NET	Cloudflare	Pair Corr
0.76	ODD	ODDITY Tech	Pair Corr
0.72	PAY	Paymentus Holdings	Pair Corr

Moving against Yext Stock

0.8	VRAR	Glimpse Group	Pair Corr
0.72	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.58	MQ	Marqeta	Pair Corr
0.44	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.41	VRNS	Varonis Systems	Pair Corr
0.48	PGY	Pagaya Technologies Tech Boost	Pair Corr

Related Correlations Analysis

	CSGS	CCSI	STER	SCWX	EVTC	GB	CLBTW	CCCS	NTNX	NEWR
CSGS		0.71	0.68	0.44	0.87	0.35	0.76	0.85	0.84	-0.17	CSGS
CCSI	0.71		0.23	0.17	0.74	0.21	0.54	0.54	0.53	0.08	CCSI
STER	0.68	0.23		0.58	0.42	0.34	0.75	0.6	0.69	-0.35	STER
SCWX	0.44	0.17	0.58		0.26	0.39	0.56	0.41	0.58	-0.45	SCWX
EVTC	0.87	0.74	0.42	0.26		0.45	0.53	0.79	0.65	0.05	EVTC
GB	0.35	0.21	0.34	0.39	0.45		0.44	0.38	0.41	-0.11	GB
CLBTW	0.76	0.54	0.75	0.56	0.53	0.44		0.58	0.78	-0.5	CLBTW
CCCS	0.85	0.54	0.6	0.41	0.79	0.38	0.58		0.74	0.0	CCCS
NTNX	0.84	0.53	0.69	0.58	0.65	0.41	0.78	0.74		-0.36	NTNX
NEWR	-0.17	0.08	-0.35	-0.45	0.05	-0.11	-0.5	0.0	-0.36		NEWR
	CSGS	CCSI	STER	SCWX	EVTC	GB	CLBTW	CCCS	NTNX	NEWR

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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

EVTC	+ 0.87	CSGS
CCCS	+ 0.85	CSGS
NTNX	+ 0.84	CSGS
CCCS	+ 0.79	EVTC
NTNX	+ 0.78	CLBTW
CLBTW	+ 0.76	CSGS

High negative correlations

NEWR	- 0.5	CLBTW
NEWR	- 0.45	SCWX
NEWR	- 0.36	NTNX
NEWR	- 0.35	STER
NEWR	- 0.17	CSGS
NEWR	- 0.11	GB

Risk-Adjusted Indicators

There is a big difference between Yext Stock performing well and Yext 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 Yext'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
CSGS	1.17	0.12	0.10	0.25	0.88	(1.43)	2.65	(1.69)	10.94
CCSI	2.08	(0.09)	0.02	0.08	2.37	(2.39)	4.16	(3.62)	20.68
STER	0.66	0.09	(0.03)	3.48	0.93	(0.71)	1.77	(1.22)	7.04
SCWX	2.25	0.16	0.04	0.32	2.65	(3.09)	6.29	(5.68)	29.19
EVTC	1.22	(0.02)	(0.01)	0.10	1.57	(1.25)	2.43	(2.66)	7.67
GB	2.68	0.37	0.06	4.75	3.54	(2.91)	4.72	(5.13)	23.79
CLBTW	3.78	1.05	0.20	(1.30)	3.62	(4.68)	9.83	(6.33)	25.66
CCCS	1.06	0.13	0.10	0.26	0.91	(1.30)	2.17	(1.89)	5.99
NTNX	1.88	0.33	0.21	0.34	1.43	(2.34)	3.95	(2.81)	25.02
NEWR	1.58	(0.05)	0.00	(0.10)	0.00	0.00	2.68	(3.35)	18.35

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