APPN vs PCOR: Correlation
Measured on weekly returns over the past three years, Appian Corporation (APPN) and Procore Technologies, Inc. (PCOR) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPN and PCOR?
On 3 years of weekly data the APPN/PCOR correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 1488.3 %².
Few assets follow APPN as closely as PCOR, which ranks #2 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with APPN ahead by 46.3 points (+40.3% versus -6.0%).
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.
APPN vs PCOR: side by side
| APPN (Appian Corporation) | PCOR (Procore Technologies, Inc.) | |
|---|---|---|
| 1-year return | +40.3% | -6.0% |
| 5-year return | -61.6% | -32.7% |
| Volatility (ann.) | 55.0% | 46.4% |
| Beta vs S&P 500 | 1.18 | 1.31 |
| Max drawdown (3Y) | -64.0% | -56.6% |
| Market cap | $3.0B | $9.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APPN | PCOR |
|---|---|---|
| 2022 | -50.1% | -41.0% |
| 2023 | +15.7% | +46.7% |
| 2024 | -12.4% | +8.2% |
| 2025 | +7.4% | -2.9% |
| 2026 | +16.9% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPN and PCOR good diversifiers for each other?
Only partially. A correlation of 0.58 means APPN and PCOR 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 APPN and PCOR?
As of 2026-08-27, the correlation of weekly returns between APPN and PCOR is 0.58 over 3 years, 0.62 over 1 year and 0.60 over 5 years.
Is PCOR a good diversifier for APPN?
Only partially. A correlation of 0.58 means APPN and PCOR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/appn-vs-pcor.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/appn-vs-pcor/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APPN correlations · PCOR correlations
