Pair Trades for APPN (NASDAQ) - Appian Corp
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| ZUO nyse | 82.6% | -3.81 | Systems Software |
| AI nyse | 81.4% | -3.20 | Systems Software |
| ASAN nyse | 69.3% | -1.86 | Systems Software |
| TDC nyse | 68.6% | -1.35 | Systems Software |
| PGY nasdaq | 67.8% | -0.38 | Systems Software |
| FTNT nasdaq | 67.2% | -3.83 | Systems Software |
| TENB nasdaq | 66.5% | -0.88 | Systems Software |
| ORCL nyse | 64.8% | -0.36 | Systems Software |
| FROG nasdaq | 63.8% | 0.39 | Systems Software |
| NABL nyse | 60.5% | -2.88 | Systems Software |
| BB nyse | 59.5% | -4.03 | Systems Software |
| CRNC nasdaq | 57.9% | -6.66 | Systems Software |
| PATH nyse | 55.8% | 1.39 | Systems Software |
| VMW nyse | 54.9% | -0.32 | Systems Software |
| BILL nyse | 53.5% | -6.03 | Systems Software |
| PANW nasdaq | 53.4% | 1.62 | Systems Software |
| CVLT nasdaq | 51.5% | -0.58 | Systems Software |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| TLS nasdaq | -47.9% | 3.79 | Systems Software |
| INTZ nasdaq | -32.6% | -16.54 | Systems Software |
| CHKP nasdaq | -1.7% | 0.44 | Systems Software |
| ATEN nyse | 0.5% | -2.45 | Systems Software |
| S nyse | 3.0% | 3.20 | Systems Software |
| VRNS nasdaq | 13.8% | 3.98 | Systems Software |
| OSPN nasdaq | 20.3% | -5.90 | Systems Software |
| QLYS nasdaq | 21.8% | 2.59 | Systems Software |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| AEHR nasdaq | 87.6% | -6.43 | Semiconductor Materi.. |
| ON nasdaq | 87.4% | -3.03 | Semiconductors |
| CFLT nasdaq | 86.8% | -5.26 | Application Software |
| ACLS nasdaq | 86.1% | -4.15 | Semiconductor Materi.. |
| PCOR nyse | 85.5% | -1.81 | Application Software |
| EB nyse | 84.4% | -1.38 | Interactive Media &.. |
| ARW nyse | 84.3% | -2.21 | Technology Distribut.. |
| ZUO nyse | 82.6% | -3.81 | Systems Software |
| SGH nasdaq | 81.9% | -4.40 | Semiconductors |
| NVTS nasdaq | 81.8% | -3.36 | Semiconductors |
| AI nyse | 81.4% | -3.20 | Systems Software |
| TER nasdaq | 80.2% | -2.31 | Semiconductor Materi.. |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SRT nyse | -54.2% | 3.01 | Data Processing & Ou.. |