Avepoint Correlations

AVPT Stock

USD 11.92 0.48 3.87%

The current 90-days correlation between Avepoint and Euronet Worldwide is 0.06 (i.e., Significant diversification). The correlation of Avepoint 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.

Avepoint Correlation With Market

Average diversification

The correlation between Avepoint and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avepoint and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Avepoint Stock

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

For more information on how to buy Avepoint Stock please use our How to Invest in Avepoint guide.

Moving together with Avepoint Stock

0.62

JPM

JPMorgan Chase

Pair Corr

Moving against Avepoint Stock

0.72	KO	Coca Cola Aggressive Push	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.38	HD	Home Depot	Pair Corr
0.37	CVX	Chevron Corp Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	EEFT	PAGS	SPSC	BB	WRD	BRZE	INTA	YOU	NCNO	RNG
EEFT		0.0	0.54	-0.17	0.53	0.71	0.55	0.32	0.3	0.75	EEFT
PAGS	0.0		0.36	-0.52	0.16	-0.46	-0.42	-0.13	-0.56	-0.18	PAGS
SPSC	0.54	0.36		-0.67	0.49	0.25	0.25	0.25	-0.05	0.25	SPSC
BB	-0.17	-0.52	-0.67		-0.02	0.06	-0.12	-0.16	0.47	0.16	BB
WRD	0.53	0.16	0.49	-0.02		0.2	0.05	-0.34	0.17	0.51	WRD
BRZE	0.71	-0.46	0.25	0.06	0.2		0.88	0.47	0.6	0.77	BRZE
INTA	0.55	-0.42	0.25	-0.12	0.05	0.88		0.49	0.47	0.66	INTA
YOU	0.32	-0.13	0.25	-0.16	-0.34	0.47	0.49		0.16	0.23	YOU
NCNO	0.3	-0.56	-0.05	0.47	0.17	0.6	0.47	0.16		0.52	NCNO
RNG	0.75	-0.18	0.25	0.16	0.51	0.77	0.66	0.23	0.52		RNG
	EEFT	PAGS	SPSC	BB	WRD	BRZE	INTA	YOU	NCNO	RNG

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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

INTA	+ 0.88	BRZE
RNG	+ 0.77	BRZE
RNG	+ 0.75	EEFT
BRZE	+ 0.71	EEFT
RNG	+ 0.66	INTA
NCNO	+ 0.6	BRZE

High negative correlations

BB	- 0.67	SPSC
NCNO	- 0.56	PAGS
BB	- 0.52	PAGS
BRZE	- 0.46	PAGS
INTA	- 0.42	PAGS
YOU	- 0.34	WRD

Risk-Adjusted Indicators

There is a big difference between Avepoint Stock performing well and Avepoint 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 Avepoint'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
EEFT	1.16	(0.11)	0.00	(0.06)	0.00	0.00	2.03	(2.64)	8.01
PAGS	2.15	0.35	0.12	0.33	2.47	(2.33)	4.80	(4.98)	11.73
SPSC	1.13	0.09	0.05	0.14	1.31	(1.08)	2.21	(1.96)	7.00
BB	1.70	(0.48)	0.00	(0.72)	0.00	0.00	3.29	(3.12)	16.30
WRD	2.91	(0.36)	0.00	(0.13)	0.00	0.00	4.25	(6.66)	24.73
BRZE	2.67	(0.43)	0.00	(0.34)	0.00	0.00	3.40	(6.46)	27.69
INTA	2.18	(0.22)	0.00	(0.11)	0.00	0.00	4.73	(4.26)	12.42
YOU	2.14	0.17	0.07	0.27	1.99	(3.04)	5.49	(3.81)	18.67
NCNO	1.62	(0.26)	0.00	(0.22)	0.00	0.00	4.14	(3.94)	10.20
RNG	1.73	(0.30)	0.00	(0.23)	0.00	0.00	3.11	(5.30)	11.10

Avepoint Corporate Management

John Peluso	Chief Officer	Profile
Tianyi Jiang	CEO CoFounder	Profile
Clara Lim	Chief Officer	Profile
Taylor Davenport	Head Americas	Profile
James CPA	Chief Officer	Profile
Sophia Wu	Chief Officer	Profile

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