AvePoint Correlations

AVPTW Stock

USD 7.33 0.53 7.79%

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

Modest diversification

The correlation between AvePoint and DJI is 0.21 (i.e., Modest 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 signals in estimate.

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

Moving together with AvePoint Stock

0.79	ZS	Zscaler	Pair Corr
0.89	VRNS	Varonis Systems	Pair Corr
0.66	VRSN	VeriSign	Pair Corr
0.68	FFIV	F5 Networks	Pair Corr
0.79	DBX	Dropbox	Pair Corr
0.62	DLO	Dlocal	Pair Corr
0.63	GCT	GigaCloud Technology	Pair Corr
0.61	FTNT	Fortinet	Pair Corr
0.77	IOT	Samsara	Pair Corr
0.78	NET	Cloudflare	Pair Corr
0.75	ODD	ODDITY Tech Tech Boost	Pair Corr
0.8	PAY	Paymentus Holdings	Pair Corr
0.88	PGY	Pagaya Technologies Tech Boost	Pair Corr

Moving against AvePoint Stock

0.45

VERI

Veritone

Pair Corr

Related Correlations Analysis

	MVSTW	AVPT	KPLTW	INDIW	PAYOW
MVSTW		0.75	-0.15	0.0	0.0	MVSTW
AVPT	0.75		-0.34	0.0	0.0	AVPT
KPLTW	-0.15	-0.34		0.0	0.0	KPLTW
INDIW	0.0	0.0	0.0		0.0	INDIW
PAYOW	0.0	0.0	0.0	0.0		PAYOW
	MVSTW	AVPT	KPLTW	INDIW	PAYOW

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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

AVPT	+ 0.75	MVSTW
INDIW	+ 0.0	MVSTW
PAYOW	+ 0.0	MVSTW
INDIW	+ 0.0	AVPT
PAYOW	+ 0.0	AVPT
INDIW	+ 0.0	KPLTW

High negative correlations

KPLTW	- 0.34	AVPT
KPLTW	- 0.15	MVSTW
PAYOW	- 0.0	INDIW
PAYOW	- 0.0	KPLTW
INDIW	- 0.0	KPLTW
PAYOW	- 0.0	AVPT

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
MVSTW	9.21	1.26	0.10	0.49	9.49	(12.04)	26.32	(16.00)	52.08
AVPT	2.53	0.17	0.05	0.12	3.26	(2.92)	5.82	(5.56)	16.84
KPLTW	11.99	1.11	0.08	(4.32)	12.02	(18.33)	32.73	(24.00)	89.27
INDIW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAYOW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

AvePoint Corporate Management

John Peluso	Chief Officer	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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