APPN vs TEAM: Correlation
Measured on weekly returns over the past three years, Appian Corporation (APPN) and Atlassian Corporation (TEAM) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPN and TEAM?
Over the past 3 years, APPN and TEAM moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 1833.5 %².
By 3-year correlation, TEAM places #5 of the 13 assets tracked against APPN. Correlation aside, the last 12 months split them widely, with APPN ahead by 32.3 points (+40.3% versus +8.0%).
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 TEAM: side by side
| APPN (Appian Corporation) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +40.3% | +8.0% |
| 5-year return | -61.6% | -49.3% |
| Volatility (ann.) | 55.0% | 61.5% |
| Beta vs S&P 500 | 1.18 | 1.66 |
| Max drawdown (3Y) | -64.0% | -82.3% |
| Market cap | $3.0B | $47.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APPN | TEAM |
|---|---|---|
| 2022 | -50.1% | -66.3% |
| 2023 | +15.7% | +84.8% |
| 2024 | -12.4% | +2.3% |
| 2025 | +7.4% | -33.4% |
| 2026 | +16.9% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPN and TEAM good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between APPN and TEAM?
As of 2026-08-27, the correlation of weekly returns between APPN and TEAM is 0.54 over 3 years, 0.57 over 1 year and 0.60 over 5 years.
Is TEAM a good diversifier for APPN?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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
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Related comparisons
Hubs: APPN correlations · TEAM correlations
