Apptech Corp Correlations

APCX Stock

USD 0.52 0.01 1.96%

The current 90-days correlation between Apptech Corp and Palo Alto Networks is 0.25 (i.e., Modest diversification). The correlation of Apptech Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Apptech Corp Correlation With Market

Average diversification

The correlation between Apptech Corp and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apptech Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apptech Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Apptech Stock please use our How to Invest in Apptech Corp guide.

Moving together with Apptech Stock

0.61	VHAI	VHAI	Pair Corr
0.62	VRAR	Glimpse Group	Pair Corr
0.65	PGY	Pagaya Technologies	Pair Corr

Moving against Apptech Stock

0.58	DBX	Dropbox	Pair Corr
0.57	JG	Aurora Mobile Trending	Pair Corr
0.54	EVTC	Evertec	Pair Corr
0.47	NN	Nextnav Acquisition Corp	Pair Corr
0.41	DLO	Dlocal	Pair Corr
0.4	S	SentinelOne	Pair Corr
0.38	GB	Global Blue Group Earnings Call Today	Pair Corr
0.38	DTSS	Datasea	Pair Corr
0.35	BOX	Box Inc	Pair Corr
0.33	FIVN	Five9 Inc	Pair Corr
0.32	FLYW	Flywire Corp	Pair Corr
0.68	GEN	Gen Digital	Pair Corr
0.55	ODD	ODDITY Tech	Pair Corr
0.55	YEXT	Yext Inc	Pair Corr
0.54	FTNT	Fortinet	Pair Corr
0.54	IOT	Samsara	Pair Corr
0.52	RPD	Rapid7 Inc	Pair Corr
0.52	SWI	SolarWinds Corp	Pair Corr
0.5	GDDY	Godaddy	Pair Corr
0.48	WIX	WixCom Tech Boost	Pair Corr
0.45	PAY	Paymentus Holdings Tech Boost	Pair Corr
0.44	GCT	GigaCloud Technology Tech Boost	Pair Corr
0.44	NET	Cloudflare Buyout Trend	Pair Corr
0.33	SOS	SOS Limited Upward Rally	Pair Corr

Related Correlations Analysis

	PANW	PATH	SQ	ADBE	CRWD	PLTR	ZS	ORCL	NET	OKTA
PANW		0.66	0.85	-0.34	0.87	0.84	0.81	0.64	0.87	0.0	PANW
PATH	0.66		0.58	-0.16	0.62	0.52	0.56	0.44	0.65	0.08	PATH
SQ	0.85	0.58		-0.47	0.93	0.93	0.69	0.77	0.85	-0.15	SQ
ADBE	-0.34	-0.16	-0.47		-0.63	-0.54	-0.2	-0.76	-0.58	0.45	ADBE
CRWD	0.87	0.62	0.93	-0.63		0.93	0.72	0.86	0.93	-0.18	CRWD
PLTR	0.84	0.52	0.93	-0.54	0.93		0.59	0.86	0.82	-0.27	PLTR
ZS	0.81	0.56	0.69	-0.2	0.72	0.59		0.34	0.73	0.44	ZS
ORCL	0.64	0.44	0.77	-0.76	0.86	0.86	0.34		0.77	-0.51	ORCL
NET	0.87	0.65	0.85	-0.58	0.93	0.82	0.73	0.77		-0.1	NET
OKTA	0.0	0.08	-0.15	0.45	-0.18	-0.27	0.44	-0.51	-0.1		OKTA
	PANW	PATH	SQ	ADBE	CRWD	PLTR	ZS	ORCL	NET	OKTA

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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

CRWD	+ 0.93	SQ
PLTR	+ 0.93	SQ
PLTR	+ 0.93	CRWD
NET	+ 0.93	CRWD
CRWD	+ 0.87	PANW
NET	+ 0.87	PANW

High negative correlations

ORCL	- 0.76	ADBE
CRWD	- 0.63	ADBE
NET	- 0.58	ADBE
PLTR	- 0.54	ADBE
OKTA	- 0.51	ORCL
ADBE	- 0.47	SQ

Risk-Adjusted Indicators

There is a big difference between Apptech Stock performing well and Apptech Corp 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 Apptech Corp'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
PANW	1.32	0.02	0.03	0.12	1.73	(1.31)	2.22	(2.51)	9.85
PATH	1.90	(0.02)	0.03	0.09	2.51	(1.94)	4.52	(3.82)	12.04
SQ	1.96	0.38	0.21	0.32	1.59	(2.12)	4.62	(2.94)	14.80
ADBE	1.32	(0.24)	0.00	(0.21)	0.00	0.00	2.87	(2.89)	10.09
CRWD	1.97	0.26	0.16	0.26	1.81	(2.22)	3.84	(3.03)	11.54
PLTR	2.56	0.81	0.41	0.45	1.55	(3.13)	8.61	(2.93)	30.33
ZS	1.92	(0.04)	0.00	0.07	3.74	(1.91)	3.73	(3.37)	20.36
ORCL	1.29	0.38	0.30	0.43	0.85	(1.54)	2.83	(1.75)	15.28
NET	2.05	0.20	0.13	0.21	1.79	(2.41)	5.47	(3.44)	13.45
OKTA	1.48	(0.45)	0.00	(0.41)	0.00	0.00	2.39	(3.42)	19.60

Apptech Corp Corporate Management

Bryan JD	VP Experiences	Profile
Chad Nelley	Chief Officer	Profile
Marc Evans	Corporate Associate	Profile
Benjamin Jenkins	Chief Officer	Profile

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