Applovin Corp Correlations

APP Stock

USD 434.77 10.16 2.28%

The current 90-days correlation between Applovin Corp and PTC Inc is 0.28 (i.e., Modest 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

Excellent diversification

The correlation between Applovin Corp and DJI is -0.51 (i.e., Excellent 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.

Build AI portfolio with Applovin Stock

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 metropolitan statistical area.

To learn how to invest in Applovin Stock, please use our How to Invest in Applovin Corp guide.

Moving together with Applovin Stock

0.92	U	Unity Software	Pair Corr
0.7	BGE	Bridge Saas	Pair Corr
0.73	9NY	BYTES TECHGRP LS	Pair Corr
0.9	BL	Blackline	Pair Corr
0.91	DT	Dynatrace Holdings LLC	Pair Corr
0.88	DV	DoubleVerify Holdings Earnings Call This Week	Pair Corr
0.9	35U	PAR TECHNOLOGY DL	Pair Corr
0.91	MQ	Marqeta Earnings Call This Week	Pair Corr
0.86	PD	Pagerduty	Pair Corr
0.61	QH	Quhuo	Pair Corr
0.69	VS	Versus Systems	Pair Corr
0.87	WK	Workiva Sell-off Trend	Pair Corr
0.84	DMRC	Digimarc Earnings Call This Week	Pair Corr
0.86	RM	RM Plc	Pair Corr
0.84	2TY	PagerDuty	Pair Corr
0.94	DOCU	DocuSign	Pair Corr
0.78	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.76	1Q5	Dropbox	Pair Corr
0.62	VEEA	Veea Inc	Pair Corr
0.94	VERI	Veritone	Pair Corr
0.86	VERX	Vertex Tech Boost	Pair Corr
0.9	6NCA	NCINO INC DL	Pair Corr
0.95	DSGX	Descartes Systems	Pair Corr
0.88	LY0	Lyft Inc	Pair Corr
0.66	DTCX	Datacentrex Symbol Change	Pair Corr
0.64	DTST	Data Storage Corp	Pair Corr
0.83	0M5	Bill Holdings	Pair Corr

Moving against Applovin Stock

0.87	60Z	UNIFIEDPOST GRP SANV	Pair Corr
0.74	RNI	OXFORD METRICS LS	Pair Corr
0.72	JG	Aurora Mobile	Pair Corr
0.7	DSG	Dillistone Group PLC	Pair Corr
0.48	LUS1	Lang Schwarz Aktieng	Pair Corr
0.41	TRB	Tribal Group plc	Pair Corr
0.75	89P	CLAVISTER HOLDING	Pair Corr
0.64	MKQ	Mitek Systems	Pair Corr

Related Correlations Analysis

	PTC	FIG	GRAB	TYL	ZM	SSNC	MSTR	VRSN	FLEX	JBL
PTC		0.94	0.92	0.92	-0.2	0.88	0.82	0.64	-0.17	-0.77	PTC
FIG	0.94		0.9	0.87	-0.33	0.83	0.77	0.57	-0.15	-0.7	FIG
GRAB	0.92	0.9		0.85	-0.2	0.8	0.8	0.63	-0.26	-0.83	GRAB
TYL	0.92	0.87	0.85		-0.31	0.96	0.9	0.84	-0.21	-0.78	TYL
ZM	-0.2	-0.33	-0.2	-0.31		-0.19	-0.28	-0.24	0.32	0.18	ZM
SSNC	0.88	0.83	0.8	0.96	-0.19		0.83	0.85	-0.11	-0.71	SSNC
MSTR	0.82	0.77	0.8	0.9	-0.28	0.83		0.75	-0.06	-0.72	MSTR
VRSN	0.64	0.57	0.63	0.84	-0.24	0.85	0.75		-0.27	-0.72	VRSN
FLEX	-0.17	-0.15	-0.26	-0.21	0.32	-0.11	-0.06	-0.27		0.51	FLEX
JBL	-0.77	-0.7	-0.83	-0.78	0.18	-0.71	-0.72	-0.72	0.51		JBL
	PTC	FIG	GRAB	TYL	ZM	SSNC	MSTR	VRSN	FLEX	JBL

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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

SSNC	+ 0.96	TYL
FIG	+ 0.94	PTC
GRAB	+ 0.92	PTC
TYL	+ 0.92	PTC
GRAB	+ 0.9	FIG
MSTR	+ 0.9	TYL

High negative correlations

JBL	- 0.83	GRAB
JBL	- 0.78	TYL
JBL	- 0.77	PTC
JBL	- 0.72	VRSN
JBL	- 0.72	MSTR
JBL	- 0.71	SSNC

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PTC	1.36	(0.22)	0.00	(0.14)	0.00	0.00	2.10	(3.38)	7.45
FIG	3.28	(0.27)	0.00	(0.09)	0.00	0.00	6.90	(7.41)	17.61
GRAB	1.85	(0.28)	0.00	(0.22)	0.00	0.00	3.54	(3.80)	12.33
TYL	2.01	(0.50)	0.00	(0.28)	0.00	0.00	3.50	(5.90)	19.29
ZM	2.01	(0.17)	0.00	(0.04)	0.00	0.00	3.85	(4.27)	22.86
SSNC	1.25	(0.23)	0.00	(0.15)	0.00	0.00	2.83	(2.40)	13.44
MSTR	3.92	(0.51)	0.00	(0.10)	0.00	0.00	6.63	(7.76)	31.72
VRSN	1.09	0.00	0.00	0.00	0.00	0.00	2.45	(2.96)	10.51
FLEX	2.32	0.13	0.05	0.19	2.97	(2.49)	5.23	(3.75)	19.07
JBL	1.91	0.37	0.13	0.36	2.44	(1.91)	4.42	(3.89)	12.47

Applovin Corp Corporate Management

Victoria Valenzuela	Chief Secretary	Profile
Dmitriy Dorosh	Vice Officer	Profile
Jordan Satok	Vice Development	Profile
Ryan Gee	Head Finance	Profile
Christina Seafort	Chief Officer	Profile
Adam Foroughi	CEO CoFounder	Profile
Katie Jansen	Chief Officer	Profile

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