APro (Korea) Market Value
| 262260 Stock | KRW 5,740 10.00 0.17% |
| Symbol | APro |
APro '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 APro'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 APro.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in APro on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding APro Co or generate 0.0% return on investment in APro over 330 days. APro is related to or competes with DAEDUCK ELECTRONICS, Air Busan, Samji Electronics, Sungmoon Electronics, SBI Investment, ABCO Electronics, and Seoul Electronics. APRO Co., Ltd. supplies rechargeable li-ion battery manufacturing equipment worldwide More
APro 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 APro'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 APro Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 13.13 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 4.08 |
APro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for APro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as APro's standard deviation. In reality, there are many statistical measures that can use APro historical prices to predict the future APro's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | 1.66 |
APro Backtested Returns
APro secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. APro Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm APro's Risk Adjusted Performance of (0.15), mean deviation of 1.96, and Standard Deviation of 2.56 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning APro are expected to decrease at a much lower rate. During the bear market, APro is likely to outperform the market. At this point, APro has a negative expected return of -0.53%. Please make sure to confirm APro's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if APro performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
APro Co has modest predictability. Overlapping area represents the amount of predictability between APro time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 APro price movement. The serial correlation of 0.53 indicates that about 53.0% of current APro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 M |
APro lagged returns against current returns
Autocorrelation, which is APro 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 APro's stock expected returns. We can calculate the autocorrelation of APro returns to help us make a trade decision. For example, suppose you find that APro 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 |
APro 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 APro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APro stock over time.
Current vs Lagged Prices |
| Timeline |
APro Lagged Returns
When evaluating APro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of APro stock have on its future price. APro 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, APro autocorrelation shows the relationship between APro stock current value and its past values and can show if there is a momentum factor associated with investing in APro Co.
Regressed Prices |
| Timeline |
Pair Trading with APro
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 APro 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 APro will appreciate offsetting losses from the drop in the long position's value.Moving together with APro Stock
| 0.9 | 247540 | Ecopro BM | PairCorr |
| 0.92 | 243840 | Shin Heung Energy | PairCorr |
| 0.98 | 091580 | Sangsin Energy Display | PairCorr |
| 0.68 | 125210 | Amogreentech CoLtd | PairCorr |
Moving against APro Stock
The ability to find closely correlated positions to APro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace APro 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 APro - 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 APro Co to buy it.
The correlation of APro 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 APro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if APro 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 APro 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.Other Information on Investing in APro Stock
APro financial ratios help investors to determine whether APro Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in APro with respect to the benefits of owning APro security.