Applied DNA Correlations

APDN Stock

USD 0.14 0.02 12.50%

The current 90-days correlation between Applied DNA Sciences and OncoCyte Corp is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Applied DNA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied DNA Sciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Applied DNA Correlation With Market

Very good diversification

The correlation between Applied DNA Sciences and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied DNA Sciences and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Applied Stock

0.56	INFN	Infinera Earnings Call This Week	Pair Corr
0.46	S	SentinelOne	Pair Corr
0.45	CMBM	Cambium Networks Corp	Pair Corr
0.38	IT	Gartner	Pair Corr
0.34	DGII	Digi International	Pair Corr

Related Correlations Analysis

	BDSX	DRIO	OLK	GTH	XGN	BNR	STIM	SERA	OCX	PSNL
BDSX		0.46	0.0	0.0	0.15	-0.07	-0.67	0.7	-0.01	0.0	BDSX
DRIO	0.46		0.0	0.0	-0.31	0.08	-0.27	0.29	0.09	0.2	DRIO
OLK	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OLK
GTH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GTH
XGN	0.15	-0.31	0.0	0.0		0.17	-0.27	0.25	-0.14	-0.4	XGN
BNR	-0.07	0.08	0.0	0.0	0.17		-0.41	0.44	-0.22	0.31	BNR
STIM	-0.67	-0.27	0.0	0.0	-0.27	-0.41		-0.92	0.27	0.18	STIM
SERA	0.7	0.29	0.0	0.0	0.25	0.44	-0.92		-0.28	-0.01	SERA
OCX	-0.01	0.09	0.0	0.0	-0.14	-0.22	0.27	-0.28		-0.24	OCX
PSNL	0.0	0.2	0.0	0.0	-0.4	0.31	0.18	-0.01	-0.24		PSNL
	BDSX	DRIO	OLK	GTH	XGN	BNR	STIM	SERA	OCX	PSNL

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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

SERA	+ 0.7	BDSX
DRIO	+ 0.46	BDSX
SERA	+ 0.44	BNR
PSNL	+ 0.31	BNR
SERA	+ 0.29	DRIO
OCX	+ 0.27	STIM

High negative correlations

SERA	- 0.92	STIM
STIM	- 0.67	BDSX
STIM	- 0.41	BNR
PSNL	- 0.4	XGN
XGN	- 0.31	DRIO
OCX	- 0.28	SERA

Risk-Adjusted Indicators

There is a big difference between Applied Stock performing well and Applied DNA 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 Applied DNA'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
BDSX	3.23	(0.51)	0.00	(39.70)	0.00	0.00	6.67	(6.96)	29.63
DRIO	6.58	0.47	0.05	(0.29)	8.96	(8.54)	11.29	(12.66)	121.18
OLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XGN	5.40	0.12	0.02	0.04	6.68	(6.49)	21.04	(10.87)	45.67
BNR	4.55	0.72	0.11	(2.73)	5.36	(5.48)	13.61	(9.66)	39.69
STIM	6.80	2.98	0.42	8.75	5.70	(8.51)	19.27	(10.80)	50.80
SERA	3.85	(0.67)	0.00	(1.14)	0.00	0.00	8.00	(9.44)	33.33
OCX	2.82	0.17	0.05	1.31	2.91	(3.79)	7.56	(5.18)	23.66
PSNL	5.80	0.59	0.11	0.13	5.24	(7.42)	10.42	(7.64)	60.83

Applied DNA Corporate Management

CPA CPA	Chief Officer	Profile
Warren Pearlson	Sales Consultant	Profile
Tony Benson	Managing EMEA	Profile
Janice Meraglia	G VP	Profile
JD Esq	Chief Development	Profile
Joseph Magno	Sales Consultant	Profile
MeiLin Wan	VP Sales	Profile

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