Applied DNA Correlations

APDN Stock

USD 1.88 0.09 5.03%

The current 90-days correlation between Applied DNA Sciences and OncoCyte Corp is 0.22 (i.e., Modest 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

Good diversification

The correlation between Applied DNA Sciences and DJI is -0.18 (i.e., 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 together with Applied Stock

0.75	HPQ	HP Inc	Pair Corr
0.79	WBX	Wallbox NV	Pair Corr
0.69	LFUS	Littelfuse	Pair Corr
0.8	AIRG	Airgain	Pair Corr
0.71	S	SentinelOne	Pair Corr
0.76	CRM	Salesforce	Pair Corr
0.72	TDC	Teradata Corp	Pair Corr
0.71	PATH	Uipath Inc Earnings Call Today	Pair Corr
0.79	SLNH	Soluna Holdings	Pair Corr
0.65	PPERF	Bank Mandiri Persero	Pair Corr
0.72	PPERY	Bank Mandiri Persero	Pair Corr
0.68	PBCRF	PT Bank Central	Pair Corr
0.77	PBCRY	Bank Central Asia	Pair Corr
0.69	BKRKY	Bank Rakyat	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Applied Stock

0.74	MQ	Marqeta	Pair Corr
0.56	ALTR	Altair Engineering	Pair Corr
0.44	JG	Aurora Mobile	Pair Corr
0.44	MLGO	MicroAlgo	Pair Corr
0.33	ZS	Zscaler	Pair Corr
0.81	TRV	The Travelers Companies	Pair Corr
0.75	VZ	Verizon Communications	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.72	CWCO	Consolidated Water Earnings Call Tomorrow	Pair Corr
0.72	T	ATT Inc Earnings Call Today	Pair Corr
0.67	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.63	WM	Waste Management	Pair Corr
0.53	MCD	McDonalds	Pair Corr
0.48	IBM	International Business	Pair Corr
0.39	PG	Procter Gamble	Pair Corr
0.32	300131	ShenZhen Yitoa Intel	Pair Corr

Related Correlations Analysis

	BDSX	DRIO	OLK	GTH	XGN	BNR	STIM	SERA	OCX	PSNL
BDSX		0.48	0.0	0.0	0.42	0.57	-0.91	0.93	-0.6	0.61	BDSX
DRIO	0.48		0.0	0.0	-0.2	0.31	-0.38	0.41	-0.15	0.36	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	0.42	-0.2	0.0	0.0		0.27	-0.44	0.39	-0.47	0.08	XGN
BNR	0.57	0.31	0.0	0.0	0.27		-0.57	0.52	-0.75	0.72	BNR
STIM	-0.91	-0.38	0.0	0.0	-0.44	-0.57		-0.96	0.71	-0.55	STIM
SERA	0.93	0.41	0.0	0.0	0.39	0.52	-0.96		-0.6	0.53	SERA
OCX	-0.6	-0.15	0.0	0.0	-0.47	-0.75	0.71	-0.6		-0.66	OCX
PSNL	0.61	0.36	0.0	0.0	0.08	0.72	-0.55	0.53	-0.66		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	+ 0.93	BDSX
PSNL	+ 0.72	BNR
OCX	+ 0.71	STIM
PSNL	+ 0.61	BDSX
BNR	+ 0.57	BDSX
PSNL	+ 0.53	SERA

High negative correlations

SERA	- 0.96	STIM
STIM	- 0.91	BDSX
OCX	- 0.75	BNR
PSNL	- 0.66	OCX
OCX	- 0.6	SERA
OCX	- 0.6	BDSX

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	3.68	(0.48)	0.00	(0.49)	0.00	0.00	7.89	(8.87)	29.63
DRIO	6.22	0.56	0.06	(2.21)	8.89	(7.66)	11.29	(12.50)	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	4.98	(0.12)	0.00	(0.12)	0.00	0.00	15.86	(11.56)	42.16
BNR	3.84	(0.08)	0.00	(0.20)	0.00	0.00	8.52	(10.25)	26.46
STIM	6.91	2.69	0.37	3.07	5.79	(8.42)	18.78	(10.80)	51.44
SERA	3.42	(1.04)	0.00	(0.88)	0.00	0.00	5.72	(8.66)	26.54
OCX	3.54	0.67	0.22	(3.00)	2.90	(5.01)	13.48	(5.71)	23.66
PSNL	5.52	0.43	0.04	0.05	5.51	(6.94)	9.82	(7.64)	61.04

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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