Alpha Partners Correlations
| APTMWDelisted Stock | 0.06 0.01 11.76% |
The current 90-days correlation between Alpha Partners Technology and Arrowroot Acquisition Corp is -0.13 (i.e., Good diversification). The correlation of Alpha Partners 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.
Alpha Partners Correlation With Market
Good diversification
The correlation between Alpha Partners Technology and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Partners Technology and DJI in the same portfolio, assuming nothing else is changed.
Alpha |
Moving together with Alpha Stock
| 0.72 | VLKAF | Volkswagen AG | PairCorr |
| 0.76 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.79 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.78 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.67 | DPSTF | Deutsche Post AG | PairCorr |
Moving against Alpha Stock
| 0.81 | WMT | Walmart | PairCorr |
| 0.81 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.77 | FNMFO | Federal National Mortgage | PairCorr |
| 0.75 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.7 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.69 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.68 | GLPPRB | Global Partners LP | PairCorr |
| 0.67 | HWC | Hancock Whitney Corp Fiscal Year End 21st of January 2025 | PairCorr |
| 0.66 | AMZN | Amazon Inc | PairCorr |
| 0.61 | BSGM | BioSig Technologies, | PairCorr |
| 0.57 | DMRC | Digimarc | PairCorr |
| 0.54 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.49 | 784730AB9 | US784730AB94 | PairCorr |
| 0.49 | M | Macys Inc | PairCorr |
| 0.44 | EVGR | Evergreen Corp | PairCorr |
| 0.43 | THCPU | Thunder Bridge Capital | PairCorr |
| 0.85 | TGTX | TG Therapeutics | PairCorr |
| 0.81 | OBYCF | Obayashi | PairCorr |
| 0.8 | SAPMF | Saipem SpA | PairCorr |
| 0.79 | PWOD | Penns Woods Bancorp | PairCorr |
| 0.79 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.78 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.78 | HUT | Hut 8 Corp | PairCorr |
| 0.77 | AS | Amer Sports, | PairCorr |
| 0.73 | MAR | Marriott International | PairCorr |
| 0.72 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.22 | -0.56 | 0.69 | -0.63 | ARRWW | ||
| 0.22 | 0.04 | 0.2 | -0.15 | ANZUW | ||
| -0.56 | 0.04 | -0.76 | 0.57 | HCNEW | ||
| 0.69 | 0.2 | -0.76 | -0.54 | ADERW | ||
| -0.63 | -0.15 | 0.57 | -0.54 | ADOCW | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Alpha Stock performing well and Alpha Partners 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 Alpha Partners' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARRWW | 7.89 | 1.61 | 0.15 | (0.55) | 6.27 | 19.44 | 120.83 | |||
| ANZUW | 7.07 | 1.15 | 0.11 | (4.39) | 8.16 | 20.00 | 84.91 | |||
| HCNEW | 13.21 | 0.53 | 0.02 | 0.52 | 19.58 | 18.18 | 270.59 | |||
| ADERW | 17.23 | 4.55 | 0.20 | (1.44) | 16.23 | 46.33 | 100.96 | |||
| ADOCW | 18.69 | 2.81 | 0.13 | 0.87 | 16.42 | 48.57 | 192.08 |
Delisting Warning - APTMW
Alpha Partners Technology was delisted
| The entity Alpha Partners Technology with a symbol APTMW was delisted from NASDAQ Exchange. Please try Plum Acquisition Corp with a symbol PLMJW from now on. Check all delisted instruments accross multiple markets. |
Still Interested in Alpha Partners Technology?
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.