AppTech Payments Correlations
| APCXW Stock | USD 0.20 0.03 17.65% |
The current 90-days correlation between AppTech Payments Corp and American Rebel Holdings is -0.31 (i.e., Very good diversification). The correlation of AppTech Payments 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 Payments Correlation With Market
Significant diversification
The correlation between AppTech Payments Corp and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AppTech Payments Corp and DJI in the same portfolio, assuming nothing else is changed.
AppTech |
Moving against AppTech Stock
| 0.37 | S | SentinelOne | PairCorr |
| 0.39 | WIX | WixCom Tech Boost | PairCorr |
| 0.36 | IOT | Samsara | PairCorr |
| 0.34 | NET | Cloudflare Sell-off Trend | PairCorr |
| 0.33 | GEN | Gen Digital | PairCorr |
| 0.31 | GDDY | Godaddy | PairCorr |
Related Correlations Analysis
| 0.42 | 0.02 | -0.36 | 0.12 | AREBW | ||
| 0.42 | -0.08 | -0.67 | 0.19 | BIAFW | ||
| 0.02 | -0.08 | -0.33 | -0.21 | TCBPW | ||
| -0.36 | -0.67 | -0.33 | -0.06 | NNAVW | ||
| 0.12 | 0.19 | -0.21 | -0.06 | GFAIW | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AppTech Stock performing well and AppTech Payments 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 Payments' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AREBW | 14.61 | 1.47 | 0.09 | 0.66 | 14.89 | 39.42 | 88.64 | |||
| BIAFW | 10.91 | (1.09) | 0.00 | (0.09) | 0.00 | 28.21 | 96.67 | |||
| TCBPW | 23.47 | 5.39 | 0.24 | 2.52 | 19.46 | 57.94 | 123.93 | |||
| NNAVW | 4.01 | 1.57 | 0.30 | 2.20 | 4.25 | 11.83 | 24.31 | |||
| GFAIW | 10.78 | 0.79 | 0.04 | 0.92 | 10.99 | 30.77 | 77.78 |
AppTech Payments Corporate Management
| Gary Wachs | CFO Director | Profile | |
| Aram Aghapour | Devel Research | Profile | |
| Bryan JD | VP Experiences | Profile | |
| Chad Nelley | Chief Officer | Profile | |
| Nick Nolasco | Chief Architect | Profile |