APPF vs TRI: Correlation
AppFolio, Inc. (APPF) and Thomson Reuters Corp (TRI) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPF and TRI?
Across a 3-year window, the weekly returns of APPF and TRI correlate at 0.42, moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.42). Stretching to 5 years gives 0.40, with an annualized covariance of 556.0 %².
Within APPF's tracked universe of 13 assets, TRI comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months APPF outperformed by 21.6 percentage points (-16.0% for APPF against -37.6% for TRI).
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.
APPF vs TRI: side by side
| APPF (AppFolio, Inc.) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | -16.0% | -37.6% |
| 5-year return | +93.0% | -0.4% |
| Volatility (ann.) | 41.6% | 32.0% |
| Beta vs S&P 500 | 0.64 | 0.53 |
| Max drawdown (3Y) | -55.4% | -62.9% |
| Market cap | $8.2B | $45.4B |
| P/E (trailing) | 50.8 | 27.6 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APPF | TRI |
|---|---|---|
| 2022 | -13.0% | -3.0% |
| 2023 | +64.4% | +30.0% |
| 2024 | +42.4% | +11.1% |
| 2025 | -5.7% | -16.6% |
| 2026 | -0.3% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPF and TRI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APPF and TRI?
As of 2026-08-27, the correlation of weekly returns between APPF and TRI is 0.42 over 3 years, 0.66 over 1 year and 0.40 over 5 years.
Is TRI a good diversifier for APPF?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: APPF correlations · TRI correlations
