AMPL vs APPN: Correlation
Measured on weekly returns over the past three years, Amplitude, Inc. (AMPL) and Appian Corporation (APPN) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPL and APPN?
Over the past 3 years, AMPL and APPN moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 1939.0 %².
Among the 29 assets we track against AMPL, APPN ranks #4 by 3-year correlation. The last year tells two different stories: APPN led by 15.6 percentage points, +24.7% for AMPL against +40.3% for APPN.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMPL vs APPN: side by side
| AMPL (Amplitude, Inc.) | APPN (Appian Corporation) | |
|---|---|---|
| 1-year return | +24.7% | +40.3% |
| 5-year return | -73.9% | -61.6% |
| Volatility (ann.) | 56.0% | 55.0% |
| Beta vs S&P 500 | 1.42 | 1.18 |
| Max drawdown (3Y) | -61.1% | -64.0% |
| Market cap | $1.9B | $3.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPL | APPN |
|---|---|---|
| 2022 | -77.2% | -50.1% |
| 2023 | +5.3% | +15.7% |
| 2024 | -17.1% | -12.4% |
| 2025 | +9.8% | +7.4% |
| 2026 | +23.3% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPL and APPN good diversifiers for each other?
Only partially. A correlation of 0.63 means AMPL and APPN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMPL and APPN?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.68 over the last year and 0.55 over 5 years.
Is APPN a good diversifier for AMPL?
Only partially. A correlation of 0.63 means AMPL and APPN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ampl-vs-appn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ampl-vs-appn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMPL correlations · APPN correlations
