Which stocks are most correlated with NCNO?

Based on one year of daily returns, the stocks most correlated with nCino, Inc. Common Stock (NCNO) are WCLD (0.68), XSW (0.67) and QTWO (0.65). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with NCNO?

Over the past year, the stocks most inversely correlated with nCino, Inc. Common Stock (NCNO) are HDGE (-0.56), DWSH (-0.50) and WEBS (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.

nCino, Inc. Common Stock (NCNO) — Stock Correlations & Overview

Over the past year, NCNO has moved most closely with WCLD, XSW, QTWO. Explore the stocks most correlated and inversely correlated with NCNO below, along with its price, financials, and company profile.

Stocks correlated with NCNO

Correlation of daily returns. Higher positive values move with NCNO; negative values move opposite it. Informational only, not investment advice.

Most correlated with NCNO

Symbol	Company	Correlation
WCLD	WisdomTree Cloud Computing Fund	0.68
XSW	State Street SPDR S&P Software & Services ETF	0.67
QTWO	Q2 Holdings IncSERVICES-PREPACKAGED SOFTWARE	0.65
FRSH	Freshworks Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE	0.64
DOCU	DocuSign, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE	0.64

Most inversely correlated with NCNO

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.56
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.50
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.47
MSFD	Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF	-0.36
SEF	ProShares Short Financials	-0.35

Frequently asked questions about NCNO correlations

Which stocks are most correlated with NCNO?: Based on one year of daily returns, the stocks most correlated with nCino, Inc. Common Stock (NCNO) are WCLD (0.68), XSW (0.67) and QTWO (0.65). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with NCNO?: Over the past year, the stocks most inversely correlated with nCino, Inc. Common Stock (NCNO) are HDGE (-0.56), DWSH (-0.50) and WEBS (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these NCNO correlations calculated?: We compute the correlation of daily returns between NCNO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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