Applovin Corp Correlations

Stocks . USA . 
Stock . Applovin Corp
APP Stock  USD 331.52  13.28  4.17%   
The current 90-days correlation between Applovin Corp and Alkami Technology is -0.03 (i.e., Good diversification). The correlation of Applovin 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.

Applovin Corp Correlation With Market

Significant diversification

The correlation between Applovin Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applovin 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 Applovin 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 american community survey.
To learn how to invest in Applovin Stock, please use our How to Invest in Applovin Corp guide.

Moving together with Applovin Stock

  0.86DJCO Daily Journal CorpPairCorr
  0.82AI C3 Ai Inc TrendingPairCorr
  0.83BL BlacklinePairCorr
  0.87KC Kingsoft Cloud Holdings Tech BoostPairCorr
  0.9ML MoneyLionPairCorr
  0.91WK WorkivaPairCorr
  0.87ZM Zoom Video Communications Earnings Call This WeekPairCorr
  0.9DOCU DocuSignPairCorr
  0.76DOMO Domo Inc Earnings Call This WeekPairCorr
  0.94VERX VertexPairCorr
  0.92DSGX Descartes SystemsPairCorr
  0.82DUOL DuolingoPairCorr
  0.83DUOT Duos Technologies Downward RallyPairCorr
  0.76VMEO Vimeo IncPairCorr
  0.91EGHT 8x8 Common StockPairCorr
  0.62DIDIY Didi Global ADRPairCorr
  0.79ENFN EnfusionPairCorr

Moving against Applovin Stock

  0.68VERB VERB TECHNOLOGY PANY Tech BoostPairCorr
  0.64VTEX VTEX Potential GrowthPairCorr
  0.43DMAN Innovativ Media GroupPairCorr
  0.31EGAN eGainPairCorr
  0.8XELAP Exela Technologies Earnings Call This WeekPairCorr
  0.75BMR Beamr ImagingPairCorr
  0.7EVOL Evolving SystemsPairCorr
  0.69ETWO E2open Parent HoldingsPairCorr
  0.69SBIGW SpringBig HoldingsPairCorr
  0.62ELCO Elcom InternationalPairCorr
  0.61WRNT Warrantee AmericanPairCorr
  0.5EZFL EzFill HoldingsPairCorr
  0.49BSY Bentley SystemsPairCorr
  0.42WALDW Waldencast AcquisitionPairCorr
  0.33WBTN WEBTOON EntertainmentPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Applovin Stock performing well and Applovin 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 Applovin 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.

Applovin Corp Corporate Management

Victoria ValenzuelaChief SecretaryProfile
Dmitriy DoroshVice OfficerProfile
Jordan SatokVice DevelopmentProfile
Ryan GeeHead FinanceProfile
Christina SeafortChief OfficerProfile
Adam ForoughiCEO CoFounderProfile
Katie JansenChief OfficerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY