Applovin Corp Stock Market Value
| APP Stock | USD 336.75 8.19 2.49% |
| Symbol | Applovin |
Applovin Corp Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Applovin Corp. If investors know Applovin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Applovin Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.127 | Earnings Share 3.3 | Revenue Per Share 12.755 | Quarterly Revenue Growth 0.386 | Return On Assets 0.1838 |
The market value of Applovin Corp is measured differently than its book value, which is the value of Applovin that is recorded on the company's balance sheet. Investors also form their own opinion of Applovin Corp's value that differs from its market value or its book value, called intrinsic value, which is Applovin Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Applovin Corp's market value can be influenced by many factors that don't directly affect Applovin Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Applovin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applovin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applovin Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Applovin Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Applovin Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Applovin Corp.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Applovin Corp on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Applovin Corp or generate 0.0% return on investment in Applovin Corp over 30 days. Applovin Corp is related to or competes with Ke Holdings, NCino, Kingsoft Cloud, Jfrog, and Bigcommerce Holdings. AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing an... More
Applovin Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Applovin Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Applovin Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.3154 | |||
| Maximum Drawdown | 50.38 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 9.39 |
Applovin Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Applovin Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Applovin Corp's standard deviation. In reality, there are many statistical measures that can use Applovin Corp historical prices to predict the future Applovin Corp's volatility.| Risk Adjusted Performance | 0.2658 | |||
| Jensen Alpha | 2.14 | |||
| Total Risk Alpha | 1.11 | |||
| Sortino Ratio | 0.9439 | |||
| Treynor Ratio | 3.55 |
Applovin Corp Backtested Returns
Applovin Corp is very steady given 3 months investment horizon. Applovin Corp secures Sharpe Ratio (or Efficiency) of 0.34, which signifies that the company had a 0.34% return per unit of risk over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.3% are justified by taking the suggested risk. Use Applovin Corp Mean Deviation of 3.34, downside deviation of 2.22, and Risk Adjusted Performance of 0.2658 to evaluate company specific risk that cannot be diversified away. Applovin Corp holds a performance score of 27 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Applovin Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Applovin Corp is expected to be smaller as well. Use Applovin Corp semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on Applovin Corp.
Auto-correlation | 0.64 |
Good predictability
Applovin Corp has good predictability. Overlapping area represents the amount of predictability between Applovin Corp time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Applovin Corp price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Applovin Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 119.85 |
Applovin Corp lagged returns against current returns
Autocorrelation, which is Applovin Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Applovin Corp's stock expected returns. We can calculate the autocorrelation of Applovin Corp returns to help us make a trade decision. For example, suppose you find that Applovin Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Applovin Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Applovin Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Applovin Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Applovin Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Applovin Corp Lagged Returns
When evaluating Applovin Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Applovin Corp stock have on its future price. Applovin Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Applovin Corp autocorrelation shows the relationship between Applovin Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Applovin Corp.
Regressed Prices |
| Timeline |
Pair Trading with Applovin Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Applovin Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Applovin Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Applovin Stock
| 0.88 | DJCO | Daily Journal Corp | PairCorr |
| 0.87 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
| 0.86 | BL | Blackline | PairCorr |
Moving against Applovin Stock
The ability to find closely correlated positions to Applovin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applovin Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Applovin Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Applovin Corp to buy it.
The correlation of Applovin Corp 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Applovin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applovin Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Applovin Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Applovin Stock Analysis
When running Applovin Corp's price analysis, check to measure Applovin Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Applovin Corp is operating at the current time. Most of Applovin Corp's value examination focuses on studying past and present price action to predict the probability of Applovin Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applovin Corp's price. Additionally, you may evaluate how the addition of Applovin Corp to your portfolios can decrease your overall portfolio volatility.