Applovin Corp Correlations

APP Stock

USD 600.32 29.38 4.67%

The current 90-days correlation between Applovin Corp and Workday is -0.18 (i.e., Good diversification). The correlation of Applovin 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.

Applovin Corp Correlation With Market

Average diversification

The correlation between Applovin Corp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applovin Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Applovin Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Applovin Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

To learn how to invest in Applovin Stock, please use our How to Invest in Applovin Corp guide.

Moving together with Applovin Stock

0.76	U	Unity Software	Pair Corr
0.81	WK	Workiva	Pair Corr
0.77	ZD	Ziff Davis	Pair Corr
0.75	ZM	Zoom Video Communications	Pair Corr
0.67	BB	BlackBerry	Pair Corr
0.69	DAY	Dayforce	Pair Corr
0.83	DBX	Dropbox	Pair Corr

Moving against Applovin Stock

0.86	DV	DoubleVerify Holdings	Pair Corr
0.75	VERX	Vertex	Pair Corr
0.72	JG	Aurora Mobile	Pair Corr
0.61	DT	Dynatrace Holdings LLC	Pair Corr
0.58	QH	Quhuo	Pair Corr
0.55	DMRC	Digimarc	Pair Corr
0.47	MQ	Marqeta	Pair Corr
0.34	BL	Blackline	Pair Corr
0.71	BSY	Bentley Systems	Pair Corr
0.65	CRM	Salesforce	Pair Corr
0.57	EXFY	Expensify	Pair Corr
0.43	CALSOFT	California Software	Pair Corr
0.42	VRNT	Verint Systems	Pair Corr
0.38	BMR	Beamr Imaging	Pair Corr
0.31	WALD	Waldencast Acquisition Earnings Call Tomorrow	Pair Corr
0.85	CXM	Sprinklr	Pair Corr
0.77	FRSH	Freshworks	Pair Corr
0.75	MRT	Marti Technologies Tech Boost	Pair Corr
0.67	FRGT	Freight Technologies	Pair Corr
0.58	OLB	OLB Group	Pair Corr
0.5	CTM	Castellum	Pair Corr

Related Correlations Analysis

	WDAY	SNOW	AI	ZM	INTU	MNDY	TEAM	DDOG	GTLB	DOCU
WDAY		0.55	0.17	0.36	0.14	0.25	0.18	0.58	0.52	0.52	WDAY
SNOW	0.55		-0.09	0.63	-0.27	-0.01	-0.08	0.72	0.64	0.35	SNOW
AI	0.17	-0.09		-0.55	0.84	0.95	0.78	0.38	-0.22	0.14	AI
ZM	0.36	0.63	-0.55		-0.72	-0.42	-0.31	0.16	0.78	0.54	ZM
INTU	0.14	-0.27	0.84	-0.72		0.85	0.74	0.2	-0.37	0.04	INTU
MNDY	0.25	-0.01	0.95	-0.42	0.85		0.87	0.36	-0.1	0.32	MNDY
TEAM	0.18	-0.08	0.78	-0.31	0.74	0.87		0.14	0.06	0.42	TEAM
DDOG	0.58	0.72	0.38	0.16	0.2	0.36	0.14		0.35	0.15	DDOG
GTLB	0.52	0.64	-0.22	0.78	-0.37	-0.1	0.06	0.35		0.71	GTLB
DOCU	0.52	0.35	0.14	0.54	0.04	0.32	0.42	0.15	0.71		DOCU
	WDAY	SNOW	AI	ZM	INTU	MNDY	TEAM	DDOG	GTLB	DOCU

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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

MNDY	+ 0.95	AI
TEAM	+ 0.87	MNDY
MNDY	+ 0.85	INTU
INTU	+ 0.84	AI
TEAM	+ 0.78	AI
GTLB	+ 0.78	ZM

High negative correlations

INTU	- 0.72	ZM
ZM	- 0.55	AI
MNDY	- 0.42	ZM
GTLB	- 0.37	INTU
TEAM	- 0.31	ZM
INTU	- 0.27	SNOW

Risk-Adjusted Indicators

There is a big difference between Applovin Stock performing well and Applovin 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 Applovin 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
WDAY	1.48	(0.08)	(0.04)	0.00	2.03	(1.45)	3.06	(3.54)	10.79
SNOW	2.00	0.15	0.06	0.23	2.34	(2.27)	3.77	(3.37)	24.62
AI	2.71	(0.63)	0.00	(0.11)	0.00	0.00	5.04	(5.08)	29.73
ZM	1.36	(0.08)	(0.01)	0.03	1.63	(1.47)	2.05	(3.01)	15.83
INTU	1.08	(0.29)	0.00	(0.59)	0.00	0.00	1.75	(2.69)	7.36
MNDY	2.66	(0.85)	0.00	(0.24)	0.00	0.00	3.75	(5.14)	33.21
TEAM	1.96	(0.71)	0.00	(0.25)	0.00	0.00	3.77	(6.34)	11.94
DDOG	1.91	0.13	0.06	0.21	1.96	(2.22)	4.45	(3.68)	10.04
GTLB	2.42	(0.07)	0.00	0.03	3.00	(2.50)	5.57	(4.94)	15.49
DOCU	2.09	(0.24)	0.00	(0.05)	0.00	0.00	3.62	(4.05)	17.99

Applovin Corp Corporate Management

Victoria Valenzuela	Chief Secretary	Profile
Dmitriy Dorosh	Vice Officer	Profile
Jordan Satok	Vice Development	Profile
Ryan Gee	Head Finance	Profile
Christina Seafort	Chief Officer	Profile
Adam Foroughi	CEO CoFounder	Profile
Katie Jansen	Chief Officer	Profile

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