Apex Biotechnology (Taiwan) Market Value
| 1733 Stock | TWD 28.55 0.60 2.06% |
| Symbol | Apex |
Apex Biotechnology '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 Apex Biotechnology'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 Apex Biotechnology.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Apex Biotechnology on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Apex Biotechnology Corp or generate 0.0% return on investment in Apex Biotechnology over 720 days. Apex Biotechnology is related to or competes with Grape King, Standard Chemical, China Steel, and Sinphar Pharmaceutical. Apex Biotechnology Corp. engages in the research, development, manufacture, and sale of medical devices by using biosens... More
Apex Biotechnology 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 Apex Biotechnology'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 Apex Biotechnology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.96 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.87 |
Apex Biotechnology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apex Biotechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apex Biotechnology's standard deviation. In reality, there are many statistical measures that can use Apex Biotechnology historical prices to predict the future Apex Biotechnology's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.10) |
Apex Biotechnology Corp Backtested Returns
Apex Biotechnology Corp secures Sharpe Ratio (or Efficiency) of -0.0633, which signifies that the company had a -0.0633% return per unit of standard deviation over the last 3 months. Apex Biotechnology Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apex Biotechnology's risk adjusted performance of (0), and Mean Deviation of 0.7292 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Apex Biotechnology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apex Biotechnology is expected to be smaller as well. At this point, Apex Biotechnology Corp has a negative expected return of -0.0664%. Please make sure to confirm Apex Biotechnology's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Apex Biotechnology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Apex Biotechnology Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Apex Biotechnology time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Apex Biotechnology Corp price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Apex Biotechnology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 7.1 |
Apex Biotechnology Corp lagged returns against current returns
Autocorrelation, which is Apex Biotechnology 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 Apex Biotechnology's stock expected returns. We can calculate the autocorrelation of Apex Biotechnology returns to help us make a trade decision. For example, suppose you find that Apex Biotechnology 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 |
| Timeline |
Apex Biotechnology 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 Apex Biotechnology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apex Biotechnology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apex Biotechnology stock over time.
Current vs Lagged Prices |
| Timeline |
Apex Biotechnology Lagged Returns
When evaluating Apex Biotechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apex Biotechnology stock have on its future price. Apex Biotechnology 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, Apex Biotechnology autocorrelation shows the relationship between Apex Biotechnology stock current value and its past values and can show if there is a momentum factor associated with investing in Apex Biotechnology Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Apex Stock Analysis
When running Apex Biotechnology's price analysis, check to measure Apex Biotechnology'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 Apex Biotechnology is operating at the current time. Most of Apex Biotechnology's value examination focuses on studying past and present price action to predict the probability of Apex Biotechnology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apex Biotechnology's price. Additionally, you may evaluate how the addition of Apex Biotechnology to your portfolios can decrease your overall portfolio volatility.