Applovin Corp Correlations

APP Stock

USD 626.82 16.28 2.53%

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 0.16 (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 metropolitan statistical area.

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

Moving together with Applovin Stock

0.74	ZM	Zoom Video Communications	Pair Corr
0.91	VMEO	Vimeo Inc Earnings Call Today	Pair Corr
0.87	OTEX	Open Text Corp Earnings Call This Week	Pair Corr
0.8	BB	BlackBerry	Pair Corr
0.68	FICO	Fair Isaac Earnings Call This Week	Pair Corr
0.71	RXT	Rackspace Technology Tech Boost	Pair Corr
0.84	WCT	Wellchange Holdings	Pair Corr

Moving against Applovin Stock

0.9	NOW	NowVertical Group	Pair Corr
0.85	DV	DoubleVerify Holdings	Pair Corr
0.8	CXM	Sprinklr	Pair Corr
0.68	FRGE	Forge Global Holdings Upward Rally	Pair Corr
0.64	CXAIW	CXApp Inc	Pair Corr
0.62	GEN	Gen Digital	Pair Corr
0.6	JG	Aurora Mobile	Pair Corr
0.6	BSY	Bentley Systems Earnings Call This Week	Pair Corr
0.49	FRGT	Freight Technologies Buyout Trend	Pair Corr
0.41	QH	Quhuo Upward Rally	Pair Corr
0.37	DT	Dynatrace Holdings LLC	Pair Corr
0.32	CRM	Salesforce	Pair Corr
0.91	KXS	Kinaxis Earnings Call This Week	Pair Corr
0.68	SPT	Sprout Social Earnings Call Tomorrow	Pair Corr
0.67	TTD	Trade Desk	Pair Corr
0.66	STC	Sangoma Technologies Corp	Pair Corr
0.63	PTC	PTC Inc Earnings Call This Week	Pair Corr
0.63	SAP	SAP SE ADR	Pair Corr
0.62	MRT	Marti Technologies	Pair Corr
0.62	INTU	Intuit Inc	Pair Corr
0.6	GRND	Grindr Inc	Pair Corr

Related Correlations Analysis

	PRZM	CLTY	PRLO	RTNB	ZIMCF	SPHM	EDTA	INOW	HOKUQ	BETSF
PRZM		1.0	1.0	1.0	1.0	0.0	0.0	1.0	0.0	0.0	PRZM
CLTY	1.0		1.0	1.0	1.0	0.0	0.0	1.0	0.0	0.0	CLTY
PRLO	1.0	1.0		1.0	1.0	0.0	0.0	1.0	0.0	0.0	PRLO
RTNB	1.0	1.0	1.0		1.0	0.0	0.0	1.0	0.0	0.0	RTNB
ZIMCF	1.0	1.0	1.0	1.0		0.0	0.0	1.0	0.0	0.0	ZIMCF
SPHM	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SPHM
EDTA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	EDTA
INOW	1.0	1.0	1.0	1.0	1.0	0.0	0.0		0.0	0.0	INOW
HOKUQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HOKUQ
BETSF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BETSF
	PRZM	CLTY	PRLO	RTNB	ZIMCF	SPHM	EDTA	INOW	HOKUQ	BETSF

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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

CLTY	+ 1.0	PRZM
PRLO	+ 1.0	PRZM
RTNB	+ 1.0	PRZM
ZIMCF	+ 1.0	PRZM
INOW	+ 1.0	PRZM
PRLO	+ 1.0	CLTY

High negative correlations

BETSF	- 0.0	HOKUQ
BETSF	- 0.0	INOW
HOKUQ	- 0.0	INOW
BETSF	- 0.0	EDTA
HOKUQ	- 0.0	EDTA
INOW	- 0.0	EDTA

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	Treynor Ratio	Potential Upside	Maximum Drawdown
PRZM	0.00	0.00	0.00	0.00	0.00
CLTY	0.00	0.00	0.00	0.00	0.00
PRLO	0.00	0.00	0.00	0.00	0.00
RTNB	0.00	0.00	0.00	0.00	0.00
ZIMCF	0.00	0.00	0.00	0.00	0.00
SPHM	0.00	0.00	0.00	0.00	0.00
EDTA	0.00	0.00	0.00	0.00	0.00
INOW	0.00	0.00	0.00	0.00	0.00
HOKUQ	0.00	0.00	0.00	0.00	0.00
BETSF	19.79	6.78	0.59	25.00	240.48

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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