Apptech Corp Correlations
| APCXDelisted Stock | USD 0.30 0.05 20.00% |
The current 90-days correlation between Apptech Corp and AppTech Payments Corp is 0.14 (i.e., Average 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
Significant diversification
The correlation between Apptech Corp and DJI is 0.01 (i.e., Significant 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.
Apptech |
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
| 0.78 | VERI | Veritone | PairCorr |
| 0.75 | MSAI | Infrared Cameras Holdings | PairCorr |
| 0.67 | EXOD | Exodus Movement, | PairCorr |
Moving against Apptech Pink Sheet
| 0.82 | ZS | Zscaler | PairCorr |
| 0.8 | BB | BlackBerry | PairCorr |
| 0.79 | MQ | Marqeta | PairCorr |
| 0.76 | VRNS | Varonis Systems | PairCorr |
| 0.75 | JG | Aurora Mobile | PairCorr |
| 0.75 | NTCT | NetScout Systems | PairCorr |
| 0.71 | MSFT | Microsoft | PairCorr |
| 0.54 | AVPTW | AvePoint | PairCorr |
| 0.53 | VRAR | Glimpse Group | PairCorr |
| 0.5 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.48 | EVTC | Evertec | PairCorr |
| 0.46 | VRSN | VeriSign | PairCorr |
| 0.43 | VRNT | Verint Systems | PairCorr |
| 0.42 | MCRP | Micropolis Holding | PairCorr |
| 0.37 | MOGO | Mogo Inc | PairCorr |
| 0.36 | NTNX | Nutanix | PairCorr |
| 0.81 | NET | Cloudflare | PairCorr |
| 0.75 | MDB | MongoDB | PairCorr |
| 0.75 | PGY | Pagaya Technologies | PairCorr |
| 0.74 | ORCL | Oracle | PairCorr |
| 0.73 | GCT | GigaCloud Technology | PairCorr |
| 0.72 | FFIV | F5 Networks | PairCorr |
| 0.71 | FOUR | Shift4 Payments | PairCorr |
| 0.7 | DLO | Dlocal | PairCorr |
| 0.67 | GEN | Gen Digital | PairCorr |
| 0.6 | BOX | Box Inc | PairCorr |
| 0.6 | OSPN | OneSpan | PairCorr |
| 0.59 | ODD | ODDITY Tech | PairCorr |
| 0.56 | FLYW | Flywire Corp | PairCorr |
| 0.53 | FAAS | DigiAsia Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APCXW | 10.09 | (0.75) | 0.00 | (0.34) | 0.00 | 27.78 | 86.98 | |||
| RVYL | 8.09 | 0.88 | 0.07 | (30.98) | 8.11 | 10.26 | 153.51 | |||
| VHC | 4.23 | 1.00 | 0.17 | 4.42 | 4.24 | 11.04 | 28.72 | |||
| GRRR | 6.09 | 0.01 | 0.03 | 0.24 | 7.24 | 14.21 | 53.27 | |||
| AUID | 5.00 | (0.71) | 0.00 | (0.46) | 0.00 | 13.37 | 44.90 | |||
| BLBX | 3.98 | 1.61 | 0.43 | 1.81 | 2.84 | 12.30 | 39.97 | |||
| AREB | 7.80 | (1.99) | 0.00 | 2.44 | 0.00 | 22.38 | 83.61 | |||
| HCTI | 17.04 | 1.52 | 0.07 | 1.53 | 20.23 | 30.05 | 258.42 | |||
| SOBR | 5.01 | 0.08 | 0.00 | 0.38 | 5.86 | 10.03 | 48.46 |
Apptech Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Apptech Corp pink sheet to make a market-neutral strategy. Peer analysis of Apptech Corp could also be used in its relative valuation, which is a method of valuing Apptech Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Apptech Corp Corporate Management
| Marc Evans | Corporate Associate | Profile | |
| Julia Yu | Sr Accounting | Profile | |
| Howard Fish | Director Devel | Profile | |
| Kaylei Wright | Chief Staff | Profile |
Still Interested in Apptech Corp?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.