Applied Therapeutics Correlations

APLT Stock

USD 0.61 0.05 8.93%

The current 90-days correlation between Applied Therapeutics and X4 Pharmaceuticals is -0.03 (i.e., Good diversification). The correlation of Applied Therapeutics 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.

Applied Therapeutics Correlation With Market

Average diversification

The correlation between Applied Therapeutics 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 Applied Therapeutics 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 Applied Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving together with Applied Stock

0.82	ELVN	Enliven Therapeutics	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.84	INDP	Indaptus Therapeutics	Pair Corr
0.81	LRMR	Larimar Therapeutics	Pair Corr
0.77	OLMA	Olema Pharmaceuticals	Pair Corr
0.82	PHVS	Pharvaris BV	Pair Corr
0.68	PMVP	Pmv Pharmaceuticals	Pair Corr
0.69	ACRV	Acrivon Therapeutics,	Pair Corr
0.93	ACXP	Acurx Pharmaceuticals LLC	Pair Corr
0.75	ADAG	Adagene	Pair Corr
0.8	UTMD	Utah Medical Products	Pair Corr
0.61	YTEN	Yield10 Bioscience	Pair Corr
0.71	PTAIF	PT Astra International	Pair Corr
0.9	PKX	POSCO Holdings	Pair Corr

Moving against Applied Stock

0.81	MLAB	Mesa Laboratories	Pair Corr
0.71	CADL	Candel Therapeutics Upward Rally	Pair Corr
0.7	FBRX	Forte Biosciences	Pair Corr
0.62	MNPR	Monopar Therapeutics	Pair Corr
0.53	ANTX	AN2 Therapeutics	Pair Corr
0.46	MNOV	MediciNova Earnings Call This Week	Pair Corr
0.35	CMPX	Compass Therapeutics	Pair Corr
0.82	DAN	Dana Inc	Pair Corr
0.76	517834AH0	US517834AH06	Pair Corr
0.72	QD	Qudian Inc	Pair Corr
0.68	HSEEF	Hill Street Beverage	Pair Corr
0.66	NFLX	Netflix Sell-off Trend	Pair Corr
0.59	KTOS	Kratos Defense Security Earnings Call This Week	Pair Corr
0.56	GFAI	Guardforce AI	Pair Corr
0.54	V	Visa Class A	Pair Corr
0.47	EC	Ecopetrol SA ADR	Pair Corr
0.46	DIS	Walt Disney	Pair Corr
0.36	RERE	ATRenew Inc DRC Buyout Trend	Pair Corr
0.32	PTLKF	PT Lippo Karawaci	Pair Corr

Related Correlations Analysis

	XFOR	GRTX	TERN	DAWN	HOOK	LYRA	STTK	VINC	BCAB	GANX
XFOR		0.0	-0.06	-0.25	-0.26	0.11	0.29	-0.21	-0.36	0.32	XFOR
GRTX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GRTX
TERN	-0.06	0.0		0.75	0.72	0.6	0.1	0.81	0.88	-0.41	TERN
DAWN	-0.25	0.0	0.75		0.92	0.75	0.1	0.74	0.87	-0.1	DAWN
HOOK	-0.26	0.0	0.72	0.92		0.79	0.14	0.78	0.86	-0.02	HOOK
LYRA	0.11	0.0	0.6	0.75	0.79		0.34	0.65	0.63	0.34	LYRA
STTK	0.29	0.0	0.1	0.1	0.14	0.34		-0.02	-0.01	0.39	STTK
VINC	-0.21	0.0	0.81	0.74	0.78	0.65	-0.02		0.81	-0.26	VINC
BCAB	-0.36	0.0	0.88	0.87	0.86	0.63	-0.01	0.81		-0.36	BCAB
GANX	0.32	0.0	-0.41	-0.1	-0.02	0.34	0.39	-0.26	-0.36		GANX
	XFOR	GRTX	TERN	DAWN	HOOK	LYRA	STTK	VINC	BCAB	GANX

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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

HOOK	+ 0.92	DAWN
BCAB	+ 0.88	TERN
BCAB	+ 0.87	DAWN
BCAB	+ 0.86	HOOK
VINC	+ 0.81	TERN
BCAB	+ 0.81	VINC

High negative correlations

GANX	- 0.41	TERN
GANX	- 0.36	BCAB
BCAB	- 0.36	XFOR
GANX	- 0.26	VINC
HOOK	- 0.26	XFOR
DAWN	- 0.25	XFOR

Risk-Adjusted Indicators

There is a big difference between Applied Stock performing well and Applied Therapeutics 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 Applied Therapeutics' 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
XFOR	8.99	1.24	0.08	(5.38)	11.35	(12.23)	32.50	(14.29)	68.45
GRTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TERN	3.31	(0.67)	0.00	(0.50)	0.00	0.00	5.17	(6.75)	26.61
DAWN	2.04	(0.36)	0.00	(0.26)	0.00	0.00	4.00	(3.68)	11.05
HOOK	3.65	(1.01)	0.00	2.68	0.00	0.00	6.51	(7.88)	32.80
LYRA	3.78	(0.38)	0.00	(0.67)	0.00	0.00	5.88	(10.00)	32.42
STTK	4.48	0.07	0.00	(0.54)	5.06	(5.17)	11.21	(9.01)	22.78
VINC	6.29	(1.95)	0.00	7.16	0.00	0.00	8.57	(16.67)	92.53
BCAB	4.95	(2.09)	0.00	(1.51)	0.00	0.00	7.77	(11.59)	54.97
GANX	4.79	0.37	0.05	(4.31)	5.48	(5.17)	10.41	(8.65)	30.83

Applied Therapeutics Corporate Management

Riccardo MD	Chief Officer	Profile
Chids Mahadevan	Sr Officer	Profile
Steven Ortega	Chief Officer	Profile
Catherine Thorpe	Chief Officer	Profile
Reena Colacot	Head Quality	Profile

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