AppHarvest Correlations
APPHWDelisted Stock | USD 0.01 0.01 57.14% |
The current 90-days correlation between AppHarvest and AppHarvest is 0.48 (i.e., Very weak diversification). The correlation of AppHarvest 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.
AppHarvest Correlation With Market
Significant diversification
The correlation between AppHarvest and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AppHarvest and DJI in the same portfolio, assuming nothing else is changed.
AppHarvest |
Moving together with AppHarvest Stock
0.64 | CHKEL | Chesapeake Energy Symbol Change | PairCorr |
0.66 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
0.72 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
0.65 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against AppHarvest Stock
0.77 | PTAIF | PT Astra International | PairCorr |
0.7 | ASTSW | AST SpaceMobile | PairCorr |
0.7 | SSNLF | Samsung Electronics | PairCorr |
0.68 | ATCOL | Atlas Corp | PairCorr |
0.68 | PCTTW | PureCycle Technologies | PairCorr |
0.66 | GCMGW | GCM Grosvenor | PairCorr |
0.46 | TLKMF | Telkom Indonesia Tbk | PairCorr |
0.32 | ADVWW | Advantage Solutions | PairCorr |
0.31 | PIFMY | Indofood Sukses Makmur | PairCorr |
0.68 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.67 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.64 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
0.63 | WMT | Walmart Aggressive Push | PairCorr |
0.61 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.61 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.6 | HD | Home Depot | PairCorr |
0.6 | BAC | Bank of America Aggressive Push | PairCorr |
0.56 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
0.51 | DIS | Walt Disney Sell-off Trend | PairCorr |
0.45 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.31 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
-0.13 | -0.65 | -0.38 | 0.55 | APPH | ||
-0.13 | 0.31 | -0.02 | -0.38 | ADNWW | ||
-0.65 | 0.31 | 0.65 | -0.57 | ASTSW | ||
-0.38 | -0.02 | 0.65 | -0.2 | INDIW | ||
0.55 | -0.38 | -0.57 | -0.2 | GOEVW | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between AppHarvest Stock performing well and AppHarvest 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 AppHarvest'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
APPH | 5.95 | (1.51) | 0.00 | 5.72 | 0.00 | 8.57 | 31.70 | |||
ADNWW | 6.31 | 0.41 | 0.02 | (0.47) | 8.07 | 16.35 | 55.12 | |||
ASTSW | 10.59 | 2.99 | 0.31 | 21.43 | 7.81 | 27.59 | 119.49 | |||
INDIW | 4.55 | (0.26) | 0.00 | (0.89) | 0.00 | 8.70 | 21.58 | |||
GOEVW | 7.71 | (0.86) | 0.00 | 2.98 | 0.00 | 14.11 | 47.09 |
AppHarvest Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AppHarvest stock to make a market-neutral strategy. Peer analysis of AppHarvest could also be used in its relative valuation, which is a method of valuing AppHarvest by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
AppHarvest Corporate Management
Seth Norat | Chief Officer | Profile | |
Jackie Roberts | Chief Officer | Profile | |
Travis Parman | Chief Officer | Profile | |
Landon Butler | Head Devel | Profile | |
Geof Rochester | Chief Officer | Profile | |
Jose Calderon | Head Grower | Profile | |
Jonathan Webb | Chairman Founder | Profile |
Still Interested in AppHarvest?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.