Apptech Corp Correlations

APCX Stock

USD 0.28 0.04 12.50%

The current 90-days correlation between Apptech Corp and Oblong Inc is 0.08 (i.e., Significant diversification). The correlation of Apptech 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.

Apptech Corp Correlation With Market

Good diversification

The correlation between Apptech Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apptech Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Apptech Pink Sheet

0.76	USSHF	Uniserve Communications	Pair Corr
0.84	UNPA	UNB Corp	Pair Corr
0.77	PXXXF	PolarX Limited	Pair Corr

Moving against Apptech Pink Sheet

0.42	STEC	Santech Holdings Tech Boost	Pair Corr
0.38	EEGI	Eline Entertainment	Pair Corr
0.33	665531AG4	US665531AG42	Pair Corr
0.5	SHOTW	SHOTW Old Symbol Change	Pair Corr

Related Correlations Analysis

	ATCH	OBLG	SGN	GITS	HPAI	JTAI	FTFT	QCLS	BNZI	TDTH
ATCH		-0.02	0.52	0.39	0.24	0.3	0.15	-0.11	-0.02	0.43	ATCH
OBLG	-0.02		0.38	0.55	0.42	0.66	0.62	0.54	0.6	0.29	OBLG
SGN	0.52	0.38		0.85	0.64	0.81	0.75	0.21	0.53	0.86	SGN
GITS	0.39	0.55	0.85		0.83	0.92	0.85	0.44	0.68	0.8	GITS
HPAI	0.24	0.42	0.64	0.83		0.83	0.7	0.5	0.61	0.58	HPAI
JTAI	0.3	0.66	0.81	0.92	0.83		0.83	0.52	0.77	0.71	JTAI
FTFT	0.15	0.62	0.75	0.85	0.7	0.83		0.41	0.73	0.76	FTFT
QCLS	-0.11	0.54	0.21	0.44	0.5	0.52	0.41		0.62	0.08	QCLS
BNZI	-0.02	0.6	0.53	0.68	0.61	0.77	0.73	0.62		0.48	BNZI
TDTH	0.43	0.29	0.86	0.8	0.58	0.71	0.76	0.08	0.48		TDTH
	ATCH	OBLG	SGN	GITS	HPAI	JTAI	FTFT	QCLS	BNZI	TDTH

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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

JTAI	+ 0.92	GITS
TDTH	+ 0.86	SGN
GITS	+ 0.85	SGN
FTFT	+ 0.85	GITS
HPAI	+ 0.83	GITS
JTAI	+ 0.83	HPAI

High negative correlations

QCLS	- 0.11	ATCH
BNZI	- 0.02	ATCH
OBLG	- 0.02	ATCH

Risk-Adjusted Indicators

There is a big difference between Apptech Pink Sheet performing well and Apptech 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 Apptech 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
ATCH	14.53	3.05	0.23	1.41	10.82	(26.98)	56.00	(27.78)	191.89
OBLG	4.79	(0.65)	0.00	(0.78)	0.00	0.00	8.98	(10.11)	38.09
SGN	4.09	(0.28)	0.00	(0.05)	0.00	0.00	9.09	(7.98)	24.49
GITS	3.90	(0.68)	0.00	(1.09)	0.00	0.00	9.05	(7.89)	36.80
HPAI	2.45	(0.27)	0.00	0.47	0.00	0.00	5.67	(5.67)	18.61
JTAI	3.63	(1.04)	0.00	(0.23)	0.00	0.00	6.03	(7.08)	26.21
FTFT	4.65	(0.80)	0.00	(0.24)	0.00	0.00	8.92	(7.61)	46.42
QCLS	9.09	(0.50)	0.00	(0.12)	0.00	0.00	16.03	(20.18)	68.33
BNZI	5.52	(1.09)	0.00	(1.31)	0.00	0.00	9.92	(11.38)	34.99
TDTH	4.79	(0.35)	0.00	(0.12)	0.00	0.00	15.79	(8.00)	38.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in Apptech Corp 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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Apptech Corp Corporate Management

Marc Evans	Corporate Associate	Profile
Julia Yu	Sr Accounting	Profile
Howard Fish	Director Devel	Profile
Kaylei Wright	Chief Staff	Profile

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