Agape ATP Correlations

ATPC Stock

1.30 0.01 0.78%

The current 90-days correlation between Agape ATP and Acumen Pharmaceuticals is -0.11 (i.e., Good diversification). The correlation of Agape ATP 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.

Agape ATP Correlation With Market

Good diversification

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

Build AI portfolio with Agape Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agape ATP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For information on how to trade Agape Stock refer to our How to Trade Agape Stock guide.

Moving together with Agape Stock

0.73	EKSO	Ekso Bionics Holdings Earnings Call This Week	Pair Corr
0.65	EMBC	Embecta Corp	Pair Corr
0.76	WGRX	Wellgistics Health, Buyout Trend	Pair Corr
0.7	FEMY	Femasys	Pair Corr

Moving against Agape Stock

0.77	VEEV	Veeva Systems Class	Pair Corr
0.74	DH	Definitive Healthcare	Pair Corr
0.71	ESTA	Establishment Labs	Pair Corr
0.7	VNRX	Volitionrx	Pair Corr
0.61	LH	Laboratory Earnings Call This Week	Pair Corr
0.61	OM	Outset Medical	Pair Corr
0.61	ENSG	Ensign Group Earnings Call This Week	Pair Corr
0.5	DOCS	Doximity	Pair Corr
0.5	DXCM	DexCom Inc Earnings Call This Week	Pair Corr
0.48	GH	Guardant Health	Pair Corr
0.45	VVOS	Vivos Therapeutics	Pair Corr
0.81	FIGS	Figs Inc	Pair Corr
0.77	DXR	Daxor	Pair Corr
0.69	FONR	Fonar	Pair Corr
0.68	CAH	Cardinal Health	Pair Corr
0.57	BKD	Brookdale Senior Living	Pair Corr
0.42	COR	Cencora	Pair Corr
0.32	CYH	Community Health Systems Earnings Call Tomorrow	Pair Corr
0.31	DHR	Danaher Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SNDA	MITN	WTSHF	SHIHF	ABOS	AMGN	ALVO	SVTMF
SNDA		0.71	0.1	0.36	0.33	0.08	0.53	0.81	SNDA
MITN	0.71		0.51	0.69	0.58	0.37	0.22	0.81	MITN
WTSHF	0.1	0.51		0.88	0.62	0.76	0.13	0.29	WTSHF
SHIHF	0.36	0.69	0.88		0.59	0.66	0.34	0.51	SHIHF
ABOS	0.33	0.58	0.62	0.59		0.64	-0.21	0.32	ABOS
AMGN	0.08	0.37	0.76	0.66	0.64		-0.1	0.16	AMGN
ALVO	0.53	0.22	0.13	0.34	-0.21	-0.1		0.43	ALVO
SVTMF	0.81	0.81	0.29	0.51	0.32	0.16	0.43		SVTMF
	SNDA	MITN	WTSHF	SHIHF	ABOS	AMGN	ALVO	SVTMF

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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

SHIHF	+ 0.88	WTSHF
SVTMF	+ 0.81	SNDA
SVTMF	+ 0.81	MITN
AMGN	+ 0.76	WTSHF
MITN	+ 0.71	SNDA
SHIHF	+ 0.69	MITN

High negative correlations

ALVO	- 0.21	ABOS
ALVO	- 0.1	AMGN

Risk-Adjusted Indicators

There is a big difference between Agape Stock performing well and Agape ATP 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 Agape ATP'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
SNDA	1.64	(0.03)	0.04	0.12	1.62	(1.89)	3.70	(3.06)	13.23
MITN	0.28	0.06	(0.17)	1.02	0.13	(0.31)	0.64	(0.52)	1.96
WTSHF	1.28	0.25	0.04	(16.58)	1.77	(1.81)	2.20	(1.85)	17.34
SHIHF	0.14	0.07	0.00	(0.98)	0.00	0.00	0.00	0.00	4.76
ABOS	4.03	0.49	0.09	0.73	4.23	(5.18)	7.69	(7.44)	29.86
AMGN	1.34	(0.11)	(0.06)	0.02	1.84	(1.37)	2.87	(3.02)	9.43
ALVO	2.46	(0.07)	(0.02)	0.06	2.46	(3.33)	4.46	(4.32)	23.64
SVTMF	0.32	0.15	0.00	2.18	0.00	0.00	0.00	0.00	9.93

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