AppYea Correlations

APYP Stock

USD 0.02 0.0006 2.55%

The current 90-days correlation between AppYea Inc and Killi is 0.06 (i.e., Significant 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

Weak diversification

The correlation between AppYea Inc and DJI is 0.32 (i.e., Weak 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.

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

0.65	LILIF	Argentina Lithium Energy	Pair Corr
0.74	CVX	Chevron Corp	Pair Corr
0.7	INTC	Intel Aggressive Push	Pair Corr
0.71	HD	Home Depot	Pair Corr

Moving against AppYea OTC Stock

0.84	INTU	Intuit Inc	Pair Corr
0.68	CRM	Salesforce	Pair Corr
0.57	APP	Applovin Corp	Pair Corr
0.53	NOW	ServiceNow	Pair Corr
0.53	PBCRY	Bank Central Asia	Pair Corr
0.51	SHOP	Shopify	Pair Corr
0.41	SAPGF	SAP SE	Pair Corr
0.4	SAP	SAP SE ADR	Pair Corr
0.54	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.48	HPQ	HP Inc	Pair Corr
0.47	TRV	The Travelers Companies	Pair Corr
0.41	AXP	American Express	Pair Corr
0.39	MMM	3M Company	Pair Corr
0.34	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	SEAC	GRWC	EBZT	HMBL	MYIDF	BCTCF	ELCO	KWIK	ZDGGF	ROBOF
SEAC		0.34	0.28	-0.12	-0.2	-0.05	0.0	0.12	-0.26	-0.07	SEAC
GRWC	0.34		0.17	0.13	-0.14	-0.16	0.0	0.19	-0.34	0.12	GRWC
EBZT	0.28	0.17		0.04	0.62	-0.59	0.0	0.68	0.36	0.59	EBZT
HMBL	-0.12	0.13	0.04		0.02	-0.08	0.0	0.19	0.13	0.24	HMBL
MYIDF	-0.2	-0.14	0.62	0.02		-0.5	0.0	0.52	0.6	0.82	MYIDF
BCTCF	-0.05	-0.16	-0.59	-0.08	-0.5		0.0	-0.66	-0.29	-0.4	BCTCF
ELCO	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ELCO
KWIK	0.12	0.19	0.68	0.19	0.52	-0.66	0.0		0.44	0.66	KWIK
ZDGGF	-0.26	-0.34	0.36	0.13	0.6	-0.29	0.0	0.44		0.5	ZDGGF
ROBOF	-0.07	0.12	0.59	0.24	0.82	-0.4	0.0	0.66	0.5		ROBOF
	SEAC	GRWC	EBZT	HMBL	MYIDF	BCTCF	ELCO	KWIK	ZDGGF	ROBOF

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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

ROBOF	+ 0.82	MYIDF
KWIK	+ 0.68	EBZT
ROBOF	+ 0.66	KWIK
MYIDF	+ 0.62	EBZT
ZDGGF	+ 0.6	MYIDF
ROBOF	+ 0.59	EBZT

High negative correlations

KWIK	- 0.66	BCTCF
BCTCF	- 0.59	EBZT
BCTCF	- 0.5	MYIDF
ROBOF	- 0.4	BCTCF
ZDGGF	- 0.34	GRWC
ZDGGF	- 0.29	BCTCF

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	3.63	0.69	0.03	(2.32)	6.77	(9.22)	7.95	(6.00)	120.35
GRWC	27.30	10.69	0.24	4.33	16.39	(100.29)	83.33	(40.74)	491.13
EBZT	9.28	(1.00)	0.00	(0.74)	0.00	0.00	16.67	(23.08)	81.03
HMBL	5.95	1.29	0.00	(1.04)	0.00	0.00	0.00	0.00	133.33
MYIDF	4.23	(1.16)	0.00	(120.96)	0.00	0.00	9.13	(12.01)	41.34
BCTCF	0.95	0.53	0.00	(0.28)	0.00	0.00	0.00	0.00	31.71
ELCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KWIK	2.02	(0.65)	0.00	(24.52)	0.00	0.00	3.64	(6.12)	40.05
ZDGGF	1.40	(0.10)	0.00	0.38	0.00	0.00	0.00	0.00	69.64
ROBOF	6.72	(3.55)	0.00	(5.42)	0.00	0.00	0.00	0.00	99.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in AppYea 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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