We conducted an analysis to determine the correlation between a publicly traded app developer's rankings on the Top Grossing chart and the fluctuation in their NASDAQ stock price. For the purpose of this analysis, we compared the following variables:
・Stock price fluctuation
We used 4 different metrics indicating the end-of-trading daily price, as well as the Moving Average (average rate measured over a period of time) for 5, 25 and 75 days (MA5/MA25/MA75)
・App Store/Google Play Top Grossing ranking fluctuation
Top Grossing ranks in both stores for all charting apps by a given developer
・Estimated App Store/Google Play revenue
Projected developer revenue based on Metaps market data
https://analytics.metaps.com/
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