AppHarvest Correlations
| APPHDelisted Stock | USD 0.01 0.0004 2.84% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AppHarvest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AppHarvest 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.
Significant diversification
The correlation between AppHarvest and NYA is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AppHarvest and NYA in the same portfolio, assuming nothing else is changed.
AppHarvest |
The ability to find closely correlated positions to AppHarvest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AppHarvest 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 AppHarvest - 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 AppHarvest to buy it.
Moving together with AppHarvest Stock
Moving against AppHarvest Stock
| 0.89 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.84 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.81 | PIFMF | PT Indofood Sukses | PairCorr |
| 0.79 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.77 | CAT | Caterpillar Earnings Call Today | PairCorr |
| 0.75 | CVX | Chevron Corp Earnings Call Tomorrow | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Earnings Call Tomorrow | PairCorr |
| 0.67 | PUTKY | United Tractors Tbk | PairCorr |
| 0.66 | TRV | The Travelers Companies Financial Report 18th of July 2024 | PairCorr |
| 0.55 | MRK | Merck Company Earnings Call Today | PairCorr |
| 0.5 | MSFT | Microsoft Earnings Call Today | PairCorr |
| 0.48 | IBM | International Business Financial Report 17th of July 2024 | PairCorr |
| 0.43 | MMM | 3M Company Earnings Call This Week | PairCorr |
Related Correlations Analysis
| -0.81 | 0.1 | 0.49 | -0.56 | PRCH | ||
| -0.81 | 0.02 | -0.36 | 0.79 | DMTK | ||
| 0.1 | 0.02 | -0.57 | -0.31 | HYFM | ||
| 0.49 | -0.36 | -0.57 | 0.14 | DNMR | ||
| -0.56 | 0.79 | -0.31 | 0.14 | LPRO | ||
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRCH | 4.44 | 0.44 | 0.14 | 0.20 | 4.33 | 11.32 | 29.84 | |||
| DMTK | 3.81 | (1.05) | 0.00 | (0.55) | 0.00 | 4.84 | 37.72 | |||
| HYFM | 3.01 | (0.11) | (0.01) | 0.02 | 3.37 | 6.38 | 24.39 | |||
| DNMR | 5.91 | 0.07 | 0.07 | 0.10 | 6.07 | 16.28 | 36.94 | |||
| LPRO | 2.53 | (0.83) | 0.00 | (0.19) | 0.00 | 5.84 | 23.11 |
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
Elected by the shareholders, the AppHarvest's board of directors comprises two types of representatives: AppHarvest inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AppHarvest. The board's role is to monitor AppHarvest's management team and ensure that shareholders' interests are well served. AppHarvest's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AppHarvest's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jackie Roberts | Chief Officer | Profile | |
| Mark Keller | SVP Platform | Profile | |
| Travis Parman | Chief Officer | Profile | |
| Derek Lyons | G Counsel | Profile | |
| Landon Butler | Chief Officer | Profile | |
| Christopher Scott | Chief Officer | 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.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Other Consideration for investing in AppHarvest Stock
If you are still planning to invest in AppHarvest check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the AppHarvest's history and understand the potential risks before investing.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |