Avepoint Correlations

AVPT Stock

USD 14.94 2.14 12.53%

The current 90-days correlation between Avepoint and Uipath Inc is 0.42 (i.e., Very weak diversification). The correlation of Avepoint 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.

Avepoint Correlation With Market

Modest diversification

The correlation between Avepoint 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 Avepoint 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 Avepoint. 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 more information on how to buy Avepoint Stock please use our How to Invest in Avepoint guide.

Moving together with Avepoint Stock

0.78	ZS	Zscaler	Pair Corr
0.69	DOCN	DigitalOcean Holdings Tech Boost	Pair Corr
0.62	BOX	Box Inc Earnings Call Tomorrow	Pair Corr
0.71	IOT	Samsara	Pair Corr

Moving against Avepoint Stock

0.51	GB	Global Blue Group	Pair Corr
0.32	VRAR	Glimpse Group	Pair Corr
0.52	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.39	HCP	Hashicorp	Pair Corr
0.31	LIDRW	AEye Inc	Pair Corr

Related Correlations Analysis

	PATH	S	ARQQ	NET	STNE	BOX	GDDY	FFIV	GEN
PATH		0.67	-0.27	0.21	0.53	0.54	0.39	0.22	0.54	PATH
S	0.67		-0.24	-0.22	0.57	0.57	0.27	-0.23	0.79	S
ARQQ	-0.27	-0.24		-0.46	-0.72	-0.58	0.37	-0.49	-0.14	ARQQ
NET	0.21	-0.22	-0.46		0.35	0.49	-0.19	0.95	-0.43	NET
STNE	0.53	0.57	-0.72	0.35		0.82	-0.3	0.39	0.48	STNE
BOX	0.54	0.57	-0.58	0.49	0.82		-0.11	0.49	0.3	BOX
GDDY	0.39	0.27	0.37	-0.19	-0.3	-0.11		-0.15	0.16	GDDY
FFIV	0.22	-0.23	-0.49	0.95	0.39	0.49	-0.15		-0.43	FFIV
GEN	0.54	0.79	-0.14	-0.43	0.48	0.3	0.16	-0.43		GEN
	PATH	S	ARQQ	NET	STNE	BOX	GDDY	FFIV	GEN

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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

FFIV	+ 0.95	NET
BOX	+ 0.82	STNE
GEN	+ 0.79	S
S	+ 0.67	PATH
STNE	+ 0.57	S
BOX	+ 0.57	S

High negative correlations

STNE	- 0.72	ARQQ
BOX	- 0.58	ARQQ
FFIV	- 0.49	ARQQ
NET	- 0.46	ARQQ
GEN	- 0.43	FFIV
GEN	- 0.43	NET

Risk-Adjusted Indicators

There is a big difference between Avepoint Stock performing well and Avepoint 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 Avepoint'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
PATH	2.35	(0.09)	0.00	(0.09)	0.00	0.00	4.66	(5.10)	15.61
S	1.88	(0.42)	0.00	(0.61)	0.00	0.00	3.22	(4.66)	17.32
ARQQ	9.21	1.08	0.11	(1.80)	9.82	(11.56)	24.76	(12.37)	81.53
NET	2.27	0.55	0.23	3.30	2.10	(2.58)	5.23	(3.03)	22.63
STNE	2.35	0.07	0.02	0.03	2.83	(2.72)	6.20	(3.79)	19.61
BOX	1.00	(0.02)	0.00	(0.04)	0.00	0.00	2.32	(1.75)	11.70
GDDY	1.29	(0.07)	0.00	(0.11)	0.00	0.00	2.41	(2.50)	19.22
FFIV	1.04	0.29	0.20	0.53	1.16	(1.07)	1.75	(1.77)	14.36
GEN	0.89	(0.11)	0.00	(0.21)	0.00	0.00	1.74	(2.14)	8.41

Avepoint Corporate Management

Nicole Caci	Public Manager	Profile
John Peluso	Chief Officer	Profile
Tianyi Jiang	CEO CoFounder	Profile
Clara Lim	Chief Officer	Profile
Taylor Davenport	Head Americas	Profile
James CPA	Chief Officer	Profile
Sophia Wu	Chief Officer	Profile

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