Applied Therapeutics Correlations

APLT Stock

USD 0.56 0.01 1.04%

The current 90-days correlation between Applied Therapeutics and X4 Pharmaceuticals is 0.11 (i.e., Average diversification). The correlation of Applied Therapeutics 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.

Applied Therapeutics Correlation With Market

Weak diversification

The correlation between Applied Therapeutics and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Therapeutics 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 Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving together with Applied Stock

0.75	CDIOW	Cardio Diagnostics	Pair Corr
0.8	ELVN	Enliven Therapeutics	Pair Corr
0.72	SCLX	Scilex Holding	Pair Corr
0.69	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.94	CDIO	Cardio Diagnostics	Pair Corr
0.93	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.71	MSFT	Microsoft	Pair Corr

Moving against Applied Stock

0.84	GE	GE Aerospace	Pair Corr
0.78	PLX	Protalix Biotherapeutics	Pair Corr
0.75	WM	Waste Management	Pair Corr
0.68	LUCD	Lucid Diagnostics	Pair Corr
0.46	MLSS	Milestone Scientific Earnings Call This Week	Pair Corr
0.33	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.88	MMM	3M Company	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.71	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.7	T	ATT Inc Earnings Call Today	Pair Corr
0.64	IBM	International Business	Pair Corr
0.51	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.42	INTC	Intel	Pair Corr
0.41	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	XFOR	GRTX	TERN	DAWN	HOOK	LYRA	STTK	VINC	BCAB	GANX
XFOR		0.0	0.85	0.81	0.77	0.31	-0.13	0.78	0.59	-0.15	XFOR
GRTX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GRTX
TERN	0.85	0.0		0.74	0.78	0.14	-0.33	0.87	0.85	-0.38	TERN
DAWN	0.81	0.0	0.74		0.94	0.32	-0.06	0.62	0.51	-0.01	DAWN
HOOK	0.77	0.0	0.78	0.94		0.27	-0.21	0.66	0.6	-0.07	HOOK
LYRA	0.31	0.0	0.14	0.32	0.27		0.4	0.26	-0.1	0.38	LYRA
STTK	-0.13	0.0	-0.33	-0.06	-0.21	0.4		-0.32	-0.35	0.12	STTK
VINC	0.78	0.0	0.87	0.62	0.66	0.26	-0.32		0.65	-0.29	VINC
BCAB	0.59	0.0	0.85	0.51	0.6	-0.1	-0.35	0.65		-0.47	BCAB
GANX	-0.15	0.0	-0.38	-0.01	-0.07	0.38	0.12	-0.29	-0.47		GANX
	XFOR	GRTX	TERN	DAWN	HOOK	LYRA	STTK	VINC	BCAB	GANX

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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

HOOK	+ 0.94	DAWN
VINC	+ 0.87	TERN
TERN	+ 0.85	XFOR
BCAB	+ 0.85	TERN
DAWN	+ 0.81	XFOR
VINC	+ 0.78	XFOR

High negative correlations

GANX	- 0.47	BCAB
GANX	- 0.38	TERN
BCAB	- 0.35	STTK
STTK	- 0.33	TERN
VINC	- 0.32	STTK
GANX	- 0.29	VINC

Risk-Adjusted Indicators

There is a big difference between Applied Stock performing well and Applied Therapeutics 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 Therapeutics' 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
XFOR	6.27	(0.67)	0.00	(1.77)	0.00	0.00	10.87	(13.51)	68.45
GRTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TERN	3.05	(0.92)	0.00	(1.16)	0.00	0.00	5.03	(6.98)	19.13
DAWN	2.87	(0.52)	0.00	(0.64)	0.00	0.00	6.36	(6.67)	22.86
HOOK	3.63	(0.68)	0.00	(5.15)	0.00	0.00	7.00	(7.50)	32.80
LYRA	2.89	0.10	0.02	0.29	3.32	(6.04)	5.88	(5.56)	25.31
STTK	5.19	0.37	0.05	0.49	6.40	(6.46)	11.21	(7.58)	50.15
VINC	6.79	(2.14)	0.00	1.24	0.00	0.00	13.02	(19.08)	97.80
BCAB	5.36	(1.66)	0.00	(0.89)	0.00	0.00	6.67	(11.59)	42.86
GANX	4.70	0.73	0.16	2.73	4.40	(5.41)	10.75	(8.06)	32.31

Applied Therapeutics Corporate Management

Riccardo MD	Chief Officer	Profile
Chids Mahadevan	Sr Officer	Profile
Steven Ortega	Chief Officer	Profile
Catherine Thorpe	Chief Officer	Profile
Reena Colacot	Head Quality	Profile

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