Correlation Between AppTech Payments and AuthID

Can any of the company-specific risk be diversified away by investing in both AppTech Payments and AuthID at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining AppTech Payments and AuthID into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between AppTech Payments Corp and authID Inc, you can compare the effects of market volatilities on AppTech Payments and AuthID and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in AppTech Payments with a short position of AuthID. Check out your portfolio center. Please also check ongoing floating volatility patterns of AppTech Payments and AuthID.

Diversification Opportunities for AppTech Payments and AuthID

0.07

Correlation Coefficient

AppTech Payments  AuthID

Significant diversification

The 3 months correlation between AppTech and AuthID is 0.07. Overlapping area represents the amount of risk that can be diversified away by holding AppTech Payments Corp and authID Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on authID Inc and AppTech Payments is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on AppTech Payments Corp are associated (or correlated) with AuthID. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of authID Inc has no effect on the direction of AppTech Payments i.e., AppTech Payments and AuthID go up and down completely randomly.

Pair Corralation between AppTech Payments and AuthID

Assuming the 90 days horizon AppTech Payments Corp is expected to generate 6.55 times more return on investment than AuthID. However, AppTech Payments is 6.55 times more volatile than authID Inc. It trades about 0.19 of its potential returns per unit of risk. authID Inc is currently generating about -0.15 per unit of risk. If you would invest  8.25  in AppTech Payments Corp on September 6, 2025 and sell it today you would earn a total of  4.75  from holding AppTech Payments Corp or generate 57.58% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	42.19%
Values	Daily Returns

AppTech Payments Corp  vs.  authID Inc

AppTech Payments Corp

Risk-Adjusted Performance

Good

Over the last 90 days AppTech Payments Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly weak basic indicators, AppTech Payments showed solid returns over the last few months and may actually be approaching a breakup point.

authID Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days authID Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's forward indicators remain rather sound which may send shares a bit higher in January 2026. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

Pair Trading with AppTech Payments and AuthID

The main advantage of trading using opposite AppTech Payments and AuthID positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AppTech Payments position performs unexpectedly, AuthID can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AuthID will offset losses from the drop in AuthID's long position.

The idea behind AppTech Payments Corp and authID Inc pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.