Correlation Between VirnetX Holding and AppTech Payments

Can any of the company-specific risk be diversified away by investing in both VirnetX Holding and AppTech Payments 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 VirnetX Holding and AppTech Payments into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between VirnetX Holding Corp and AppTech Payments Corp, you can compare the effects of market volatilities on VirnetX Holding and AppTech Payments 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 VirnetX Holding with a short position of AppTech Payments. Check out your portfolio center. Please also check ongoing floating volatility patterns of VirnetX Holding and AppTech Payments.

Diversification Opportunities for VirnetX Holding and AppTech Payments

-0.34

Correlation Coefficient

VirnetX Holding  AppTech Payments

Very good diversification

The 3 months correlation between VirnetX and AppTech is -0.34. Overlapping area represents the amount of risk that can be diversified away by holding VirnetX Holding Corp and AppTech Payments Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AppTech Payments Corp and VirnetX Holding 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 VirnetX Holding Corp are associated (or correlated) with AppTech Payments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AppTech Payments Corp has no effect on the direction of VirnetX Holding i.e., VirnetX Holding and AppTech Payments go up and down completely randomly.

Pair Corralation between VirnetX Holding and AppTech Payments

If you would invest  1,085  in VirnetX Holding Corp on June 29, 2025 and sell it today you would earn a total of  629.00  from holding VirnetX Holding Corp or generate 57.97% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	1.59%
Values	Daily Returns

VirnetX Holding Corp  vs.  AppTech Payments Corp

VirnetX Holding Corp

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in VirnetX Holding Corp are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain technical indicators, VirnetX Holding exhibited solid returns over the last few months and may actually be approaching a breakup point.

AppTech Payments Corp

Risk-Adjusted Performance

Weakest

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 stable basic indicators, AppTech Payments is not utilizing all of its potentials. The current stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Pair Trading with VirnetX Holding and AppTech Payments

The main advantage of trading using opposite VirnetX Holding and AppTech Payments positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if VirnetX Holding position performs unexpectedly, AppTech Payments 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 AppTech Payments will offset losses from the drop in AppTech Payments' long position.

The idea behind VirnetX Holding Corp and AppTech Payments Corp 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.