Appen Correlations

APPEF Stock

USD 1.80 0.03 1.69%

The current 90-days correlation between Appen Limited and TTEC Holdings is 0.02 (i.e., Significant diversification). The correlation of Appen 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.

Appen Correlation With Market

Significant diversification

The correlation between Appen Limited 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 Appen Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Appen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Appen 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 Appen - 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 Appen Limited to buy it.

Moving together with Appen Pink Sheet

0.61	FIS	Fidelity National	Pair Corr
0.69	IT	Gartner	Pair Corr
0.67	WIT	Wipro Limited ADR	Pair Corr
0.61	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.66	SSNLF	Samsung Electronics	Pair Corr
0.62	MFG	Mizuho Financial	Pair Corr
0.74	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.74	IONQ	IONQ Inc Trending	Pair Corr
0.78	AXON	Axon Enterprise	Pair Corr
0.77	GVA	Granite Construction	Pair Corr
0.78	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.74	QUBT	Quantum Computing Upward Rally	Pair Corr
0.85	PX	P10 Inc	Pair Corr
0.7	FTNT	Fortinet	Pair Corr
0.65	KULR	KULR Technology Group	Pair Corr
0.62	MRVL	Marvell Technology Earnings Call This Week	Pair Corr

Moving against Appen Pink Sheet

0.58	SHG	Shinhan Financial	Pair Corr
0.52	CGEMY	Capgemini SE ADR	Pair Corr
0.36	INFY	Infosys Ltd ADR Sell-off Trend	Pair Corr

Related Correlations Analysis

	CTM	DTMXF	TTEC	CLPS	NOTE	GDYN	INOD	ARBB	KD	ACN
CTM		0.14	-0.3	-0.27	0.23	-0.08	0.08	-0.11	0.25	-0.08	CTM
DTMXF	0.14		-0.45	-0.09	0.56	-0.54	-0.46	-0.43	-0.49	-0.43	DTMXF
TTEC	-0.3	-0.45		0.45	-0.06	0.18	-0.1	-0.01	0.01	0.62	TTEC
CLPS	-0.27	-0.09	0.45		-0.13	-0.04	-0.27	-0.25	-0.21	0.43	CLPS
NOTE	0.23	0.56	-0.06	-0.13		-0.81	-0.79	-0.71	-0.71	-0.36	NOTE
GDYN	-0.08	-0.54	0.18	-0.04	-0.81		0.83	0.83	0.8	0.57	GDYN
INOD	0.08	-0.46	-0.1	-0.27	-0.79	0.83		0.72	0.9	0.27	INOD
ARBB	-0.11	-0.43	-0.01	-0.25	-0.71	0.83	0.72		0.62	0.23	ARBB
KD	0.25	-0.49	0.01	-0.21	-0.71	0.8	0.9	0.62		0.45	KD
ACN	-0.08	-0.43	0.62	0.43	-0.36	0.57	0.27	0.23	0.45		ACN
	CTM	DTMXF	TTEC	CLPS	NOTE	GDYN	INOD	ARBB	KD	ACN

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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

KD	+ 0.9	INOD
INOD	+ 0.83	GDYN
ARBB	+ 0.83	GDYN
KD	+ 0.8	GDYN
ARBB	+ 0.72	INOD
ACN	+ 0.62	TTEC

High negative correlations

GDYN	- 0.81	NOTE
INOD	- 0.79	NOTE
KD	- 0.71	NOTE
ARBB	- 0.71	NOTE
GDYN	- 0.54	DTMXF
KD	- 0.49	DTMXF

Risk-Adjusted Indicators

There is a big difference between Appen Pink Sheet performing well and Appen 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 Appen'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
CTM	2.31	0.15	0.00	(0.15)	3.09	(8.56)	6.25	(6.25)	33.19
DTMXF	20.71	3.93	0.15	6.19	19.53	(27.93)	67.92	(46.55)	172.32
TTEC	3.61	0.17	0.06	0.21	3.21	(5.06)	6.44	(4.94)	56.54
CLPS	3.14	0.67	0.14	(1.97)	3.39	(4.00)	10.23	(6.03)	24.69
NOTE	2.58	(0.80)	0.00	(0.41)	0.00	0.00	4.71	(6.38)	20.02
GDYN	2.07	0.23	0.11	0.24	2.23	(2.30)	4.53	(4.27)	14.75
INOD	4.93	1.41	0.34	0.45	3.78	(5.95)	9.36	(7.63)	90.24
ARBB	8.29	1.17	0.12	0.40	8.55	(12.43)	12.00	(14.55)	124.90
KD	1.43	0.22	0.15	0.25	1.36	(1.67)	2.61	(2.98)	15.71
ACN	1.02	0.06	0.02	0.16	1.52	(1.05)	1.72	(2.20)	10.10

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Our tools can tell you how much better you can do entering a position in Appen without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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