NCNO vs. PDD
NCNO (nCino, Inc.) and PDD (Pinduoduo Inc.) are both stocks. NCNO operates in Software - Application (Technology), while PDD operates in Internet Retail (Consumer Cyclical). Over the past 5 years, NCNO returned -24.27%/yr vs -8.26%/yr for PDD. At a 0.27 correlation, their price movements are largely independent.
Performance
NCNO vs. PDD - Performance Comparison
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Returns By Period
In the year-to-date period, NCNO achieves a -39.74% return, which is significantly lower than PDD's -24.26% return.
NCNO
- 1D
- -2.71%
- 1M
- -13.98%
- YTD
- -39.74%
- 6M
- -36.55%
- 1Y
- -43.26%
- 3Y*
- -13.65%
- 5Y*
- -24.27%
- 10Y*
- —
PDD
- 1D
- 0.56%
- 1M
- -11.24%
- YTD
- -24.26%
- 6M
- -26.49%
- 1Y
- -13.82%
- 3Y*
- 8.06%
- 5Y*
- -8.26%
- 10Y*
- —
NCNO vs. PDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NCNO nCino, Inc. | -39.74% | -23.65% | -0.15% | 27.19% | -51.80% | -24.24% | -20.94% |
PDD Pinduoduo Inc. | -24.26% | 16.91% | -33.71% | 79.41% | 39.88% | -67.19% | 103.45% |
Correlation
The correlation between NCNO and PDD is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.27 |
Over the past year, the correlation between NCNO and PDD has dropped to 0.07 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
Fundamentals
NCNO:
$1.69B
PDD:
$127.10B
NCNO:
$0.12
PDD:
$64.39
NCNO:
132.73
PDD:
1.33
NCNO:
2.88
PDD:
0.29
NCNO:
1.74
PDD:
0.30
NCNO:
$610.06M
PDD:
$441.76B
NCNO:
$374.67M
PDD:
$247.30B
NCNO:
$49.42M
PDD:
$134.30B
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Return for Risk
NCNO vs. PDD — Risk / Return Rank
NCNO
PDD
NCNO vs. PDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for nCino, Inc. (NCNO) and Pinduoduo Inc. (PDD). 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.
| NCNO | PDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.95 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.35 | -0.41 |
| Martin ratioReturn relative to average drawdown | -1.34 | -0.75 | -0.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NCNO | PDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | -0.43 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | -0.12 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.23 | -0.71 |
Drawdowns
NCNO vs. PDD - Drawdown Comparison
The maximum NCNO drawdown since its inception was -85.71%, roughly equal to the maximum PDD drawdown of -87.41%. Use the drawdown chart below to compare losses from any high point for NCNO and PDD.
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Drawdown Indicators
| NCNO | PDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.71% | -87.41% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -57.14% | -39.89% | -17.25% |
Max Drawdown (3Y)Largest decline over 3 years | -67.14% | -47.31% | -19.83% |
Max Drawdown (5Y)Largest decline over 5 years | -82.07% | -80.88% | -1.19% |
Current DrawdownCurrent decline from peak | -84.24% | -57.66% | -26.58% |
Average DrawdownAverage peak-to-trough decline | -59.06% | -39.28% | -19.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.23% | 18.53% | +13.70% |
Volatility
NCNO vs. PDD - Volatility Comparison
nCino, Inc. (NCNO) and Pinduoduo Inc. (PDD) have volatilities of 16.38% and 16.60%, 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 | PDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.38% | 16.60% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 37.99% | 25.42% | +12.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.92% | 32.43% | +13.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.40% | 68.13% | -14.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.25% | 69.49% | -15.24% |
Dividends
NCNO vs. PDD - Dividend Comparison
Neither NCNO nor PDD has paid dividends to shareholders.
Financials
NCNO vs. PDD - Financials Comparison
This section allows you to compare key financial metrics between nCino, Inc. and Pinduoduo 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. PDD - Profitability Comparison
NCNO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
PDD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported a gross profit of 58.98B and revenue of 105.59B. Therefore, the gross margin over that period was 55.9%.
NCNO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, nCino, Inc. reported an operating income of 21.12M and revenue of 159.41M, resulting in an operating margin of 13.3%.
PDD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported an operating income of 21.02B and revenue of 105.59B, resulting in an operating margin of 19.9%.
NCNO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, nCino, Inc. reported a net income of 13.64M and revenue of 159.41M, resulting in a net margin of 8.6%.
PDD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported a net income of 12.47B and revenue of 105.59B, resulting in a net margin of 11.8%.
Frequently Asked Questions
NCNO and PDD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDD has higher volatility (16.60%) compared to NCNO (16.38%). In terms of maximum drawdown, NCNO dropped -85.71% vs PDD's -87.41%.
PDD currently has the higher Sharpe Ratio (-0.43 vs -0.94), 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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