AAP Correlations

AAPJ Stock

USD 0.0002 0.0001 33.33%

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

Average diversification

The correlation between AAP Inc and DJI is 0.16 (i.e., Average 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

0.42	ZTEK	ZEN Graphene Solutions	Pair Corr
0.4	IONQ	IONQ Inc	Pair Corr
0.38	LUMN	Lumen Technologies	Pair Corr
0.36	HPE	Hewlett Packard Ente Downward Rally	Pair Corr
0.36	UI	Ubiquiti Networks	Pair Corr
0.4	CHH	Choice Hotels Intern	Pair Corr
0.4	CQP	Cheniere Energy Partners	Pair Corr
0.36	NDAQ	Nasdaq Inc	Pair Corr
0.36	AXON	Axon Enterprise	Pair Corr

Related Correlations Analysis

	AMPGW	AKOM	AIRG	TESS	AACAY	AMPG	ASNS	PWFL	CAMP
AMPGW		0.0	-0.57	-0.72	-0.02	-0.43	0.52	0.18	-0.62	AMPGW
AKOM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AKOM
AIRG	-0.57	0.0		0.74	0.38	0.43	-0.75	0.14	0.65	AIRG
TESS	-0.72	0.0	0.74		0.24	0.66	-0.73	-0.3	0.74	TESS
AACAY	-0.02	0.0	0.38	0.24		0.2	-0.28	-0.01	0.03	AACAY
AMPG	-0.43	0.0	0.43	0.66	0.2		-0.42	-0.23	0.63	AMPG
ASNS	0.52	0.0	-0.75	-0.73	-0.28	-0.42		-0.09	-0.47	ASNS
PWFL	0.18	0.0	0.14	-0.3	-0.01	-0.23	-0.09		-0.19	PWFL
CAMP	-0.62	0.0	0.65	0.74	0.03	0.63	-0.47	-0.19		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	+ 0.74	AIRG
CAMP	+ 0.74	TESS
AMPG	+ 0.66	TESS
CAMP	+ 0.65	AIRG
CAMP	+ 0.63	AMPG
ASNS	+ 0.52	AMPGW

High negative correlations

ASNS	- 0.75	AIRG
ASNS	- 0.73	TESS
TESS	- 0.72	AMPGW
CAMP	- 0.62	AMPGW
AIRG	- 0.57	AMPGW
CAMP	- 0.47	ASNS

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	12.75	1.82	0.06	4.35	12.98	(48.64)	29.17	(33.33)	190.00
AKOM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIRG	2.25	0.13	0.05	0.22	2.86	(2.47)	5.31	(5.67)	15.19
TESS	0.13	0.02	(0.56)	1.03	0.00	(0.22)	0.23	(0.23)	1.03
AACAY	2.81	0.12	0.03	0.26	3.43	(3.12)	7.38	(5.18)	22.89
AMPG	5.76	0.41	0.05	0.74	6.80	(8.09)	13.95	(11.76)	70.88
ASNS	3.14	(0.54)	0.00	(0.24)	0.00	0.00	5.79	(7.09)	21.17
PWFL	2.45	(0.04)	0.00	0.09	3.34	(2.51)	5.38	(6.39)	14.35
CAMP	9.44	(4.08)	0.00	3.31	0.00	0.00	10.76	(24.75)	71.14

Be your own money manager

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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