NCNO vs PAR: Correlation
nCino, Inc. (NCNO) and PAR Technology Corporation (PAR) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCNO and PAR?
Across a 3-year window, the weekly returns of NCNO and PAR correlate at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 1329.4 %².
Among the 11 assets we track against NCNO, PAR ranks #5 by 3-year correlation. The last year tells two different stories: NCNO led by 34.5 percentage points, -28.7% for NCNO against -63.2% for PAR.
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.
NCNO vs PAR: side by side
| NCNO (nCino, Inc.) | PAR (PAR Technology Corporation) | |
|---|---|---|
| 1-year return | -28.7% | -63.2% |
| 5-year return | -62.7% | -71.7% |
| Volatility (ann.) | 46.7% | 56.2% |
| Beta vs S&P 500 | 1.44 | 1.72 |
| Max drawdown (3Y) | -67.1% | -85.4% |
| Market cap | $2.5B | $0.8B |
| P/E (trailing) | 68.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NCNO | PAR |
|---|---|---|
| 2022 | -51.8% | -50.6% |
| 2023 | +27.2% | +67.0% |
| 2024 | -0.1% | +66.9% |
| 2025 | -23.6% | -50.1% |
| 2026 | -9.0% | -47.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCNO and PAR good diversifiers for each other?
To a limited degree. At 0.51 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 NCNO and PAR?
The NCNO/PAR correlation stands at 0.51 on a 3-year window (1 year: 0.54, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is PAR a good diversifier for NCNO?
To a limited degree. At 0.51 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 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NCNO correlations · PAR correlations
