NCNO vs. ALKT
NCNO (nCino, Inc.) and ALKT (Alkami Technology, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, NCNO returned -21.91%/yr vs -10.30%/yr for ALKT. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
NCNO vs. ALKT - Performance Comparison
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Returns By Period
In the year-to-date period, NCNO achieves a -28.00% return, which is significantly lower than ALKT's -21.24% return.
NCNO
- 1D
- 0.44%
- 1M
- 4.00%
- 6M
- -13.54%
- YTD
- -28.00%
- 1Y
- -32.01%
- 3Y*
- -16.92%
- 5Y*
- -21.91%
- 10Y*
- —
- ALL TIME*
- -19.98%
ALKT
- 1D
- 2.02%
- 1M
- -4.47%
- 6M
- -14.25%
- YTD
- -21.24%
- 1Y
- -11.32%
- 3Y*
- 2.77%
- 5Y*
- -10.30%
- 10Y*
- —
- ALL TIME*
- -14.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.33M | $24.58M | $30.41M | |
NCNO nCino, Inc. | $40.49M | $41.95M | $56.26M |
NCNO vs. ALKT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NCNO nCino, Inc. | -28.00% | -23.65% | -0.15% | 27.19% | -51.80% | -23.65% |
ALKT Alkami Technology, Inc. | -21.24% | -37.10% | 51.26% | 66.21% | -27.27% | -51.38% |
Correlation
The correlation between NCNO and ALKT is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.53 |
The correlation between NCNO and ALKT has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
Fundamentals
NCNO:
$2.02B
ALKT:
$1.94B
NCNO:
$0.12
ALKT:
-$0.43
NCNO:
3.43
ALKT:
3.91
NCNO:
2.08
ALKT:
5.34
NCNO:
$610.06M
ALKT:
$489.73M
NCNO:
$374.67M
ALKT:
$280.90M
NCNO:
$49.42M
ALKT:
-$25.43M
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Return for Risk
NCNO vs. ALKT — Risk / Return Rank
NCNO
ALKT
NCNO vs. ALKT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for nCino, Inc. (NCNO) and Alkami Technology, Inc. (ALKT). 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.
| NCNO | ALKT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.97 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.41 | -0.18 |
| Martin ratioReturn relative to average drawdown | -0.90 | -0.66 | -0.24 |
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Drawdowns
NCNO vs. ALKT - Drawdown Comparison
The maximum NCNO drawdown since its inception was -85.71%, which is greater than ALKT's maximum drawdown of -79.03%. Use the drawdown chart below to compare losses from any high point for NCNO and ALKT.
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Drawdown Indicators
| NCNO | ALKT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.71% | -79.03% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -57.14% | -45.01% | -12.13% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -65.44% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -82.07% | -68.94% | -13.13% |
Current DrawdownCurrent decline from peak | -81.17% | -61.90% | -19.27% |
Average DrawdownAverage peak-to-trough decline | -59.64% | -52.71% | -6.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.54% | 27.88% | +9.66% |
Volatility
NCNO vs. ALKT - Volatility Comparison
nCino, Inc. (NCNO) and Alkami Technology, Inc. (ALKT) have volatilities of 13.07% and 13.45%, 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
| NCNO | ALKT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.07% | 13.45% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 39.24% | 38.17% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.21% | 50.96% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.91% | 48.30% | +5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.43% | 48.72% | +6.71% |
Dividends
NCNO vs. ALKT - Dividend Comparison
Neither NCNO nor ALKT has paid dividends to shareholders.
Financials
NCNO vs. ALKT - Financials Comparison
This section allows you to compare key financial metrics between nCino, Inc. and Alkami Technology, Inc.. 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
NCNO vs. ALKT - Profitability Comparison
NCNO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, nCino, Inc. reported a gross profit of 100.94M and revenue of 159.41M. Therefore, the gross margin over that period was 63.3%.
ALKT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Alkami Technology, Inc. reported a gross profit of 75.52M and revenue of 129.84M. Therefore, the gross margin over that period was 58.2%.
NCNO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, nCino, Inc. reported an operating income of 21.12M and revenue of 159.41M, resulting in an operating margin of 13.3%.
ALKT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Alkami Technology, Inc. reported an operating income of -7.71M and revenue of 129.84M, resulting in an operating margin of -5.9%.
NCNO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, nCino, Inc. reported a net income of 13.64M and revenue of 159.41M, resulting in a net margin of 8.6%.
ALKT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Alkami Technology, Inc. reported a net income of -8.90M and revenue of 129.84M, resulting in a net margin of -6.9%.
Frequently Asked Questions
NCNO and ALKT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALKT has higher volatility (13.45%) compared to NCNO (13.07%). In terms of maximum drawdown, NCNO dropped -85.71% vs ALKT's -79.03%.
ALKT currently has the higher Sharpe Ratio (-0.38 vs -0.69), 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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