Agape ATP Correlations

ATPC Stock

1.23 0.05 4.24%

The current 90-days correlation between Agape ATP and Cedar Realty Trust is 0.17 (i.e., Average diversification). The correlation of Agape ATP 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.

Agape ATP Correlation With Market

Modest diversification

The correlation between Agape ATP and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agape ATP 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 Agape ATP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For information on how to trade Agape Stock refer to our How to Trade Agape Stock guide.

Moving together with Agape Stock

0.72	CI	Cigna Corp	Pair Corr
0.64	VERO	Venus Concept	Pair Corr
0.79	DRIO	DarioHealth Corp	Pair Corr
0.75	EDAP	EDAP TMS SA	Pair Corr
0.8	EKSO	Ekso Bionics Holdings	Pair Corr
0.72	ELAB	Elevai Labs, Common	Pair Corr
0.68	ENSG	Ensign Group	Pair Corr
0.75	AGL	agilon health	Pair Corr
0.82	ALC	Alcon AG	Pair Corr
0.78	AMN	AMN Healthcare Services	Pair Corr
0.85	BAX	Baxter International	Pair Corr

Moving against Agape Stock

0.79	ECOR	Electrocore LLC	Pair Corr
0.76	VVOS	Vivos Therapeutics	Pair Corr
0.72	ELMD	Electromed	Pair Corr
0.7	EW	Edwards Lifesciences Corp	Pair Corr
0.7	OM	Outset Medical Earnings Call This Week	Pair Corr
0.7	DOCS	Doximity	Pair Corr
0.68	EMBC	Embecta Corp	Pair Corr
0.67	DXCM	DexCom Inc	Pair Corr
0.62	GH	Guardant Health	Pair Corr
0.56	VREX	Varex Imaging Corp	Pair Corr
0.48	MD	Mednax Inc	Pair Corr
0.47	EUDA	EUDA Health Holdings	Pair Corr
0.43	EHAB	Enhabit	Pair Corr
0.41	ENOV	Enovis Corp	Pair Corr
0.4	LH	Laboratory	Pair Corr
0.34	VEEV	Veeva Systems Class	Pair Corr
0.7	BSX	Boston Scientific Corp	Pair Corr
0.54	CAH	Cardinal Health	Pair Corr
0.39	FOXO	FOXO Technologies	Pair Corr
0.38	AHG	Akso Health Group	Pair Corr

Related Correlations Analysis

	CDR-PB	HOFT	SE	LULU	ASO	JDSPY	HAFN	CPNG
CDR-PB		0.62	0.37	0.2	-0.49	-0.27	-0.41	0.09	CDR-PB
HOFT	0.62		0.08	-0.31	-0.69	0.14	-0.21	0.41	HOFT
SE	0.37	0.08		0.73	-0.21	-0.83	-0.55	-0.54	SE
LULU	0.2	-0.31	0.73		0.19	-0.83	-0.61	-0.69	LULU
ASO	-0.49	-0.69	-0.21	0.19		0.12	0.48	-0.35	ASO
JDSPY	-0.27	0.14	-0.83	-0.83	0.12		0.72	0.62	JDSPY
HAFN	-0.41	-0.21	-0.55	-0.61	0.48	0.72		0.24	HAFN
CPNG	0.09	0.41	-0.54	-0.69	-0.35	0.62	0.24		CPNG
	CDR-PB	HOFT	SE	LULU	ASO	JDSPY	HAFN	CPNG

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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

LULU	+ 0.73	SE
HAFN	+ 0.72	JDSPY
HOFT	+ 0.62	CDR-PB
CPNG	+ 0.62	JDSPY
HAFN	+ 0.48	ASO
CPNG	+ 0.41	HOFT

High negative correlations

JDSPY	- 0.83	LULU
JDSPY	- 0.83	SE
CPNG	- 0.69	LULU
ASO	- 0.69	HOFT
HAFN	- 0.61	LULU
HAFN	- 0.55	SE

Risk-Adjusted Indicators

There is a big difference between Agape Stock performing well and Agape ATP 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 Agape ATP'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
CDR-PB	1.88	0.09	0.03	(0.73)	2.84	(2.11)	4.50	(4.61)	18.13
HOFT	2.57	(0.30)	0.00	(3.06)	0.00	0.00	5.45	(5.62)	16.19
SE	1.60	0.19	0.12	1.13	1.48	(2.02)	4.17	(2.83)	14.60
LULU	1.77	0.50	0.22	18.51	1.73	(1.85)	3.22	(3.10)	20.63
ASO	1.79	(0.03)	0.00	(0.14)	0.00	0.00	4.05	(3.54)	9.54
JDSPY	2.82	(0.73)	0.00	3.18	0.00	0.00	6.31	(6.21)	26.21
HAFN	1.83	(0.22)	0.00	(1.15)	0.00	0.00	3.78	(3.40)	8.96
CPNG	1.45	(0.17)	0.00	(1.73)	0.00	0.00	4.63	(3.74)	15.67

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