AAP Correlations

AAPJ Stock

USD 0.0001 0.00 0.00%

The current 90-days correlation between AAP Inc and AmpliTech Group is -0.16 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AAP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AAP Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AAP Correlation With Market

Good diversification

The correlation between AAP Inc 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 AAP Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against AAP Pink Sheet

0.62	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.6	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.58	CLH	Clean Harbors Earnings Call This Week	Pair Corr
0.57	UI	Ubiquiti Networks	Pair Corr
0.56	UTMD	Utah Medical Products Earnings Call Today	Pair Corr
0.5	ODFL	Old Dominion Freight	Pair Corr
0.49	HPE	Hewlett Packard Ente	Pair Corr
0.47	FPAFF	First Pacific	Pair Corr
0.45	TLKMF	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.45	PTHL	Pheton Holdings	Pair Corr
0.43	PTAIY	Astra International Tbk Earnings Call This Week	Pair Corr
0.43	EC	Ecopetrol SA ADR	Pair Corr
0.41	ZTCOF	ZTE Corp H Tech Boost	Pair Corr
0.38	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr
0.36	PTAIF	PT Astra International Earnings Call This Week	Pair Corr
0.36	PPERY	Bank Mandiri Persero	Pair Corr
0.36	LTRY	Lottery, Common Stock	Pair Corr
0.34	NOKBF	Nokia Earnings Call Tomorrow	Pair Corr
0.31	ERIXF	Telefonaktiebolaget	Pair Corr
0.31	LII	Lennox International	Pair Corr

Related Correlations Analysis

	AMPGW	AKOM	AIRG	TESS	AACAY	AMPG	ASNS	PWFL	CAMP
AMPGW		0.0	0.52	0.0	0.35	0.62	-0.32	0.0	-0.05	AMPGW
AKOM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AKOM
AIRG	0.52	0.0		0.0	0.58	0.7	-0.49	0.0	-0.36	AIRG
TESS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TESS
AACAY	0.35	0.0	0.58	0.0		0.51	-0.33	0.0	-0.42	AACAY
AMPG	0.62	0.0	0.7	0.0	0.51		-0.53	0.0	-0.27	AMPG
ASNS	-0.32	0.0	-0.49	0.0	-0.33	-0.53		0.0	0.71	ASNS
PWFL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PWFL
CAMP	-0.05	0.0	-0.36	0.0	-0.42	-0.27	0.71	0.0		CAMP
	AMPGW	AKOM	AIRG	TESS	AACAY	AMPG	ASNS	PWFL	CAMP

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

CAMP	+ 0.71	ASNS
AMPG	+ 0.7	AIRG
AMPG	+ 0.62	AMPGW
AACAY	+ 0.58	AIRG
AIRG	+ 0.52	AMPGW
AMPG	+ 0.51	AACAY

High negative correlations

ASNS	- 0.53	AMPG
ASNS	- 0.49	AIRG
CAMP	- 0.42	AACAY
CAMP	- 0.36	AIRG
ASNS	- 0.33	AACAY
ASNS	- 0.32	AMPGW

Risk-Adjusted Indicators

There is a big difference between AAP Pink Sheet performing well and AAP 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 AAP'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
AMPGW	8.99	1.26	0.11	0.75	9.89	(12.63)	25.93	(13.64)	67.35
AKOM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIRG	2.31	0.43	0.11	4.16	2.18	(3.07)	6.41	(4.02)	13.12
TESS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AACAY	2.51	0.29	0.02	(0.74)	2.41	(3.43)	6.10	(3.88)	20.84
AMPG	4.37	0.44	0.19	0.32	3.59	(5.55)	10.90	(6.36)	31.79
ASNS	3.11	(0.31)	0.00	(0.28)	0.00	0.00	5.97	(7.02)	18.36
PWFL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CAMP	4.52	0.01	0.00	0.15	0.00	0.00	12.14	(7.92)	33.43

Be your own money manager

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

Did you try this?

Run Stock Screener Now

Stock Screener

Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC