AppYea Correlations
| APYP Stock | USD 0.01 0.0005 4.00% |
The current 90-days correlation between AppYea Inc and Killi is -0.21 (i.e., Very good diversification). The correlation of AppYea 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.
AppYea Correlation With Market
Average diversification
The correlation between AppYea Inc and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AppYea Inc and DJI in the same portfolio, assuming nothing else is changed.
AppYea |
The ability to find closely correlated positions to AppYea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AppYea 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 AppYea - 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 AppYea Inc to buy it.
Moving together with AppYea OTC Stock
| 0.78 | NOW | ServiceNow | PairCorr |
| 0.8 | SAPGF | SAP SE | PairCorr |
| 0.62 | PG | Procter Gamble | PairCorr |
| 0.68 | HPQ | HP Inc | PairCorr |
| 0.61 | HD | Home Depot | PairCorr |
Moving against AppYea OTC Stock
| 0.84 | ATI | Allegheny Technologies | PairCorr |
| 0.72 | WF | Woori Financial Group | PairCorr |
| 0.63 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.61 | KB | KB Financial Group | PairCorr |
| 0.59 | ASXSF | Elysee Development Corp | PairCorr |
| 0.48 | APP | Applovin Corp | PairCorr |
| 0.44 | SHG | Shinhan Financial | PairCorr |
| 0.39 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp | PairCorr |
| 0.69 | PFE | Pfizer Inc | PairCorr |
| 0.68 | MRK | Merck Company | PairCorr |
| 0.68 | DD | Dupont De Nemours | PairCorr |
| 0.66 | WSFS | WSFS Financial | PairCorr |
| 0.65 | ACN | Accenture plc | PairCorr |
| 0.6 | AA | Alcoa Corp | PairCorr |
| 0.57 | BAC | Bank of America Earnings Call This Week | PairCorr |
| 0.52 | F | Ford Motor Aggressive Push | PairCorr |
| 0.48 | WMT | Walmart Common Stock | PairCorr |
| 0.46 | AXP | American Express | PairCorr |
| 0.37 | VZ | Verizon Communications | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AppYea OTC Stock performing well and AppYea OTC Stock 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 AppYea'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEAC | 4.39 | 0.22 | 0.01 | 0.27 | 8.07 | 7.97 | 120.35 | |||
| GRWC | 11.65 | 2.72 | 0.07 | 3.18 | 12.88 | 53.33 | 173.75 | |||
| EBZT | 9.04 | (0.48) | 0.00 | (0.06) | 0.00 | 21.21 | 81.03 | |||
| HMBL | 6.45 | 0.30 | 0.00 | 0.00 | 0.00 | 0.00 | 133.33 | |||
| MYIDF | 4.86 | (0.27) | 0.00 | 0.50 | 0.00 | 12.75 | 44.62 | |||
| BCTCF | 0.07 | 0.03 | 0.00 | (3.32) | 0.00 | 0.00 | 2.50 | |||
| ELCO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KWIK | 1.81 | (0.83) | 0.00 | (0.62) | 0.00 | 2.19 | 40.05 | |||
| ZDGGF | 2.07 | (0.52) | 0.00 | (0.35) | 0.00 | 0.00 | 69.64 | |||
| ROBOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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