CRNC vs. APLD
CRNC (Cerence Inc.) and APLD (Applied Digital Corporation) are both stocks. Both are in the Technology sector — CRNC in Software - Application, APLD in Information Technology Services. Over the past 5 years, CRNC returned -37.36%/yr vs 105.95%/yr for APLD. At a 0.22 correlation, their price movements are largely independent.
Performance
CRNC vs. APLD - Performance Comparison
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Returns By Period
In the year-to-date period, CRNC achieves a -1.22% return, which is significantly lower than APLD's 84.34% return.
CRNC
- 1D
- -1.95%
- 1M
- -3.83%
- YTD
- -1.22%
- 6M
- -7.21%
- 1Y
- 22.51%
- 3Y*
- -27.96%
- 5Y*
- -37.36%
- 10Y*
- —
APLD
- 1D
- -2.98%
- 1M
- -1.46%
- YTD
- 84.34%
- 6M
- 62.71%
- 1Y
- 337.56%
- 3Y*
- 77.44%
- 5Y*
- 105.95%
- 10Y*
- 127.82%
CRNC vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CRNC Cerence Inc. | -1.22% | 36.18% | -60.07% | 6.10% | -75.82% | -23.73% | 344.01% | 31.65% |
APLD Applied Digital Corporation | 84.34% | 220.94% | 13.35% | 266.30% | -56.09% | 11,789.90% | 389.44% | -42.86% |
Correlation
The correlation between CRNC and APLD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019 | 0.22 |
The correlation between CRNC and APLD shifts across timeframes, from 0.22 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CRNC:
$495.25M
APLD:
$12.28B
CRNC:
-$0.44
APLD:
-$0.72
CRNC:
1.56
APLD:
30.64
CRNC:
3.12
APLD:
7.80
CRNC:
$302.14M
APLD:
$390.57M
CRNC:
$235.95M
APLD:
$124.93M
CRNC:
$34.08M
APLD:
-$154.66M
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Return for Risk
CRNC vs. APLD — Risk / Return Rank
CRNC
APLD
CRNC vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cerence Inc. (CRNC) and Applied Digital Corporation (APLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRNC | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 6.76 | -6.36 |
| Martin ratioReturn relative to average drawdown | 0.83 | 16.62 | -15.78 |
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Drawdowns
CRNC vs. APLD - Drawdown Comparison
The maximum CRNC drawdown since its inception was -98.22%, roughly equal to the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for CRNC and APLD.
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Drawdown Indicators
| CRNC | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.22% | -99.73% | +1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -55.92% | -50.31% | -5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -91.96% | -76.66% | -15.30% |
Max Drawdown (5Y)Largest decline over 5 years | -98.09% | -82.61% | -15.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.80% | — |
Current DrawdownCurrent decline from peak | -92.09% | -8.96% | -83.13% |
Average DrawdownAverage peak-to-trough decline | -63.22% | -74.78% | +11.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.05% | 20.43% | +6.62% |
Volatility
CRNC vs. APLD - Volatility Comparison
Cerence Inc. (CRNC) and Applied Digital Corporation (APLD) have volatilities of 29.68% and 30.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRNC | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.68% | 30.09% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 59.27% | 77.05% | -17.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.66% | 106.79% | -19.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.90% | 165.10% | -51.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.42% | 301.63% | -195.21% |
Dividends
CRNC vs. APLD - Dividend Comparison
Neither CRNC nor APLD has paid dividends to shareholders.
Financials
CRNC vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Cerence Inc. and Applied Digital Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CRNC vs. APLD - Profitability Comparison
CRNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cerence Inc. reported a gross profit of 47.30M and revenue of 64.19M. Therefore, the gross margin over that period was 73.7%.
APLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a gross profit of 82.52M and revenue of 161.76M. Therefore, the gross margin over that period was 51.0%.
CRNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cerence Inc. reported an operating income of -2.44M and revenue of 64.19M, resulting in an operating margin of -3.8%.
APLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported an operating income of -62.13M and revenue of 161.76M, resulting in an operating margin of -38.4%.
CRNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cerence Inc. reported a net income of 1.67M and revenue of 64.19M, resulting in a net margin of 2.6%.
APLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a net income of -104.11M and revenue of 161.76M, resulting in a net margin of -64.4%.
Frequently Asked Questions
CRNC and APLD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (30.09%) compared to CRNC (29.68%). In terms of maximum drawdown, CRNC dropped -98.22% vs APLD's -99.73%.
APLD currently has the higher Sharpe Ratio (3.19 vs 0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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