Aptitude Software Correlations

APTD Stock

315.00 2.00 0.63%

The current 90-days correlation between Aptitude Software and Cairo Communication SpA is -0.09 (i.e., Good diversification). The correlation of Aptitude Software 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.

Aptitude Software Correlation With Market

Significant diversification

The correlation between Aptitude Software Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aptitude Software Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Aptitude Stock

0.55	DEC	Diversified Energy	Pair Corr
0.41	TYT	Toyota Motor Corp	Pair Corr

Related Correlations Analysis

	0N7I	0A1O	MDZ	MBT	AEO	MWE	GAW	0MJT
0N7I		0.38	0.2	-0.2	0.49	-0.02	0.79	0.61	0N7I
0A1O	0.38		-0.07	0.23	0.59	-0.4	0.55	0.11	0A1O
MDZ	0.2	-0.07		0.13	-0.29	0.37	0.22	0.19	MDZ
MBT	-0.2	0.23	0.13		-0.23	0.07	0.16	0.09	MBT
AEO	0.49	0.59	-0.29	-0.23		-0.73	0.32	0.1	AEO
MWE	-0.02	-0.4	0.37	0.07	-0.73		-0.04	0.02	MWE
GAW	0.79	0.55	0.22	0.16	0.32	-0.04		0.5	GAW
0MJT	0.61	0.11	0.19	0.09	0.1	0.02	0.5		0MJT
	0N7I	0A1O	MDZ	MBT	AEO	MWE	GAW	0MJT

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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

GAW	+ 0.79	0N7I
0MJT	+ 0.61	0N7I
AEO	+ 0.59	0A1O
GAW	+ 0.55	0A1O
0MJT	+ 0.5	GAW
AEO	+ 0.49	0N7I

High negative correlations

MWE	- 0.73	AEO
MWE	- 0.4	0A1O
AEO	- 0.29	MDZ
AEO	- 0.23	MBT
MBT	- 0.2	0N7I
MDZ	- 0.07	0A1O

Risk-Adjusted Indicators

There is a big difference between Aptitude Stock performing well and Aptitude Software 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 Aptitude Software'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
0N7I	1.20	0.11	0.07	1.63	1.09	(1.60)	2.88	(1.86)	7.39
0A1O	1.42	0.15	0.06	0.50	1.94	(1.45)	3.63	(2.93)	13.63
MDZ	1.38	0.19	0.03	(0.57)	2.33	(3.98)	6.67	(3.03)	25.10
MBT	1.82	0.26	0.03	4.08	2.55	(7.77)	3.85	(5.56)	31.28
AEO	1.01	(0.04)	0.00	0.14	0.00	0.00	3.01	(3.55)	9.81
MWE	0.92	0.20	0.10	(2.01)	0.67	(2.38)	3.33	(2.17)	6.59
GAW	1.41	0.31	0.18	0.49	1.29	(1.72)	2.89	(1.94)	23.22
0MJT	0.94	(0.04)	0.00	0.40	0.00	0.00	1.85	(2.23)	8.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aptitude Software 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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Aptitude Software Corporate Management

Elected by the shareholders, the Aptitude Software's board of directors comprises two types of representatives: Aptitude Software inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aptitude. The board's role is to monitor Aptitude Software's management team and ensure that shareholders' interests are well served. Aptitude Software's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aptitude Software's outside directors are responsible for providing unbiased perspectives on the board's policies.

Alex Curran	Ex VP	Profile
Christophe Kasolowsky	Ex Innovation	Profile
Georgina Sharley	Company Sec	Profile
Alexander Campbell	Company Secretary	Profile

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