AAP Correlations

AAPJ Stock

USD 0.0001 0.0001 50.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AAP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AAP Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AAP Correlation With Market

Good diversification

The correlation between AAP Inc and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAP Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AAP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AAP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AAP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AAP Inc to buy it.

Moving against AAP Pink Sheet

0.58	ZBRA	Zebra Technologies	Pair Corr
0.58	SMFG	Sumitomo Mitsui Financial Sell-off Trend	Pair Corr
0.57	CSCO	Cisco Systems	Pair Corr
0.57	MUFG	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.54	MFG	Mizuho Financial Earnings Call Today	Pair Corr
0.52	ZTCOF	ZTE Corp H	Pair Corr
0.47	UI	Ubiquiti Networks Earnings Call This Week	Pair Corr
0.47	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.42	HPE	Hewlett Packard Ente	Pair Corr
0.41	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.33	MZHOF	Mizuho Financial Earnings Call Today	Pair Corr
0.32	JPHLF	Japan Post Holdings	Pair Corr
0.31	DAVA	Endava	Pair Corr
0.53	AIR	AAR Corp	Pair Corr
0.51	TPVG	Triplepoint Venture	Pair Corr
0.47	MGRC	McGrath RentCorp	Pair Corr
0.46	GILT	Gilat Satellite Networks	Pair Corr
0.46	BIT	Blackrock Multi Sector	Pair Corr
0.44	DNA	Ginkgo Bioworks Holdings Upward Rally	Pair Corr
0.43	DNOW	Now Inc	Pair Corr
0.42	BTI	British American Tobacco Earnings Call This Week	Pair Corr
0.42	EXCH	Exchange Bankshares	Pair Corr
0.38	TGNA	Tegna Inc	Pair Corr
0.37	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.34	BCML	BayCom Corp Normal Trading	Pair Corr

Related Correlations Analysis

	AMPGW	AKOM	AIRG	TESS	AACAY	AMPG	ASNS	PWFL	CAMP
AMPGW		0.0	-0.85	0.89	0.61	0.86	0.23	-0.25	-0.6	AMPGW
AKOM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AKOM
AIRG	-0.85	0.0		-0.84	-0.63	-0.69	-0.09	0.1	0.75	AIRG
TESS	0.89	0.0	-0.84		0.67	0.68	0.31	-0.3	-0.53	TESS
AACAY	0.61	0.0	-0.63	0.67		0.48	0.02	0.21	-0.56	AACAY
AMPG	0.86	0.0	-0.69	0.68	0.48		0.18	-0.17	-0.42	AMPG
ASNS	0.23	0.0	-0.09	0.31	0.02	0.18		-0.55	-0.06	ASNS
PWFL	-0.25	0.0	0.1	-0.3	0.21	-0.17	-0.55		-0.22	PWFL
CAMP	-0.6	0.0	0.75	-0.53	-0.56	-0.42	-0.06	-0.22		CAMP
	AMPGW	AKOM	AIRG	TESS	AACAY	AMPG	ASNS	PWFL	CAMP

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TESS	+ 0.89	AMPGW
AMPG	+ 0.86	AMPGW
CAMP	+ 0.75	AIRG
AMPG	+ 0.68	TESS
AACAY	+ 0.67	TESS
AACAY	+ 0.61	AMPGW

High negative correlations

AIRG	- 0.85	AMPGW
TESS	- 0.84	AIRG
AMPG	- 0.69	AIRG
AACAY	- 0.63	AIRG
CAMP	- 0.6	AMPGW
CAMP	- 0.56	AACAY

Risk-Adjusted Indicators

There is a big difference between AAP Pink Sheet performing well and AAP Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze AAP's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMPGW	27.89	11.07	0.51	(1.73)	14.11	(55.44)	100.00	(33.33)	260.28
AKOM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIRG	2.91	(0.43)	0.00	(0.34)	0.00	0.00	5.91	(6.24)	21.01
TESS	0.13	0.03	(0.38)	(0.50)	0.00	(0.22)	0.23	(0.23)	1.03
AACAY	2.29	0.39	0.13	0.37	2.68	(2.54)	6.87	(5.12)	16.23
AMPG	10.58	2.36	0.18	(5.06)	10.26	(14.68)	26.73	(24.18)	132.14
ASNS	3.92	0.06	(0.01)	0.69	3.71	(5.70)	8.63	(7.09)	38.94
PWFL	2.45	0.17	0.01	(0.17)	3.34	(2.51)	5.38	(6.39)	14.35
CAMP	9.79	(0.39)	(0.01)	0.00	9.89	(13.48)	21.86	(17.56)	86.38

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Our tools can tell you how much better you can do entering a position in AAP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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