Afterpay Valuation, page-402

Well in terms of g if your estimated g is greater than the market's estimate (and it should be otherwise why would you own the stock) there would be some margin of error there.

Separately when fears of recession rise there is an indiscriminate sell-off across the board, this doesn't alone tell you how a business will perform in a recession. As you pointed out previously APT has a high beta, so when the index falls say 10% APT falls 30%.