Appgate Correlations
| APGTDelisted Stock | USD 0.13 0.00 0.00% |
The correlation of Appgate 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.
Appgate Correlation With Market
Very good diversification
The correlation between Appgate and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Appgate and DJI in the same portfolio, assuming nothing else is changed.
Appgate |
The ability to find closely correlated positions to Appgate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Appgate 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 Appgate - 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 Appgate to buy it.
Moving together with Appgate Pink Sheet
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| 0.86 | SHG | Shinhan Financial Earnings Call This Week | PairCorr |
Moving against Appgate Pink Sheet
| 0.91 | PLTR | Palantir Technologies Earnings Call This Week | PairCorr |
| 0.86 | SQ | SQ Old Symbol Change | PairCorr |
| 0.84 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.82 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.82 | MFG | Mizuho Financial | PairCorr |
| 0.8 | HOOD | Robinhood Markets Aggressive Push | PairCorr |
| 0.8 | MBFJF | Mitsubishi UFJ Financial Earnings Call This Week | PairCorr |
| 0.79 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.75 | MUFG | Mitsubishi UFJ Financial Earnings Call This Week | PairCorr |
| 0.75 | GILT | Gilat Satellite Networks | PairCorr |
| 0.75 | V | Visa Class A | PairCorr |
| 0.75 | VIST | Vista Oil Gas | PairCorr |
| 0.73 | SMFNF | Sumitomo Mitsui Financial Normal Trading | PairCorr |
| 0.69 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.66 | VMW | VMware Inc | PairCorr |
| 0.5 | MSFT | Microsoft | PairCorr |
| 0.4 | GILD | Gilead Sciences Earnings Call This Week | PairCorr |
| 0.4 | CHKP | Check Point Software Earnings Call This Week | PairCorr |
| 0.36 | BAMXF | Bayerische Motoren Werke | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Appgate Pink Sheet performing well and Appgate 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 Appgate'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RKFL | 54.42 | 25.26 | 0.41 | (0.46) | 27.86 | 200.00 | 671.43 | |||
| TMNA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PANW | 1.47 | (0.01) | (0.02) | 0.05 | 2.23 | 3.02 | 11.36 | |||
| PLTR | 3.21 | 0.84 | 0.29 | 0.39 | 2.67 | 8.54 | 31.28 | |||
| ARAT | 9.41 | 1.88 | 0.05 | (0.61) | 13.04 | 5.77 | 202.86 | |||
| APCXW | 12.34 | 0.89 | 0.07 | 0.21 | 13.46 | 27.27 | 120.00 | |||
| ARBEW | 11.49 | 3.15 | 0.25 | (0.87) | 7.90 | 35.71 | 162.20 | |||
| ALFIQ | 175.10 | 91.60 | 0.00 | (4.28) | 0.00 | 766.67 | 571.79 | |||
| ARGQ | 10.46 | 1.85 | 0.06 | (15.58) | 12.23 | 31.67 | 181.66 |
Appgate Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Appgate pink sheet to make a market-neutral strategy. Peer analysis of Appgate could also be used in its relative valuation, which is a method of valuing Appgate by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Appgate Corporate Management
| CPA CPA | Chief Officer | Profile | |
| Jeffrey Nord | Chief Operations | Profile | |
| Jason Garbis | Chief Officer | Profile | |
| Kurt Glazemakers | Chief Officer | Profile | |
| Jawahar Sivasankaran | Pres COO | Profile | |
| Alberto Arango | Chief Officer | Profile | |
| Barry Field | CEO Director | Profile |
Still Interested in Appgate?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.