Co-movers

daily closesMethod

Moved together

APPwithSHOP

No shared trading history for APP and SHOP.

Shared co-movers: not yet measured (SHOP).

APP, solidSHOP, hatchedr = correlationBar = r to r 0.75Source: daily closes

APPAppLovin Corp

228.82−10.24%· post 228.83

Mkt cap$76.5BRevenue$1.9BQ2 FY26Revenue$5.5BFY25

SHOPShopify Inc.

157.50−5.63%· post 157.17

ClosedOct 30 '26

Mkt cap$204.4BRevenue$3.6BQ2 FY26Revenue$11.6BFY25

vs

Compare

ClosedOct 30 '26

APPAppLovin Corp

vs

SHOPShopify Inc.

228.82−10.24%post 228.83

Price

157.50−5.63%post 157.17

$76.5B

Mkt cap

$204.4B

Q2 FY26$1.9B

Revenue

$3.6BQ2 FY26

FY25$5.5B

Revenue

$11.6BFY25

APP compared with SHOP: revenue, margins and what each company keeps, and the suppliers and customers both name