Aptamer Sciences (Korea) Market Value
| 291650 Stock | KRW 1,859 16.00 0.85% |
| Symbol | Aptamer |
Aptamer Sciences '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 Aptamer Sciences' 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 Aptamer Sciences.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Aptamer Sciences on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Aptamer Sciences or generate 0.0% return on investment in Aptamer Sciences over 30 days. Aptamer Sciences is related to or competes with Shinsegae Food, KyungIn Electronics, Neungyule Education, Sungmoon Electronics, Hannong Chemicals, Anam Electronics, and ABCO Electronics. Aptamer Sciences, Inc., a bio venture company, focuses on the Aptamer technology platform for the development of therape... More
Aptamer Sciences 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 Aptamer Sciences' 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 Aptamer Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.76 | |||
| Information Ratio | 0.0542 | |||
| Maximum Drawdown | 43.97 | |||
| Value At Risk | (8.56) | |||
| Potential Upside | 29.8 |
Aptamer Sciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aptamer Sciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aptamer Sciences' standard deviation. In reality, there are many statistical measures that can use Aptamer Sciences historical prices to predict the future Aptamer Sciences' volatility.| Risk Adjusted Performance | 0.0613 | |||
| Jensen Alpha | 0.7412 | |||
| Total Risk Alpha | (0.85) | |||
| Sortino Ratio | 0.107 | |||
| Treynor Ratio | (0.68) |
Aptamer Sciences Backtested Returns
Aptamer Sciences appears to be very steady, given 3 months investment horizon. Aptamer Sciences secures Sharpe Ratio (or Efficiency) of 0.0681, which signifies that the company had a 0.0681% return per unit of risk over the last 3 months. By analyzing Aptamer Sciences' technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please makes use of Aptamer Sciences' Mean Deviation of 5.53, risk adjusted performance of 0.0613, and Downside Deviation of 4.76 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aptamer Sciences holds a performance score of 5. The firm shows a Beta (market volatility) of -0.93, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Aptamer Sciences are expected to decrease slowly. On the other hand, during market turmoil, Aptamer Sciences is expected to outperform it slightly. Please check Aptamer Sciences' total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Aptamer Sciences' price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Aptamer Sciences has virtually no predictability. Overlapping area represents the amount of predictability between Aptamer Sciences time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Aptamer Sciences price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Aptamer Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 18.8 K |
Aptamer Sciences lagged returns against current returns
Autocorrelation, which is Aptamer Sciences 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 Aptamer Sciences' stock expected returns. We can calculate the autocorrelation of Aptamer Sciences returns to help us make a trade decision. For example, suppose you find that Aptamer Sciences 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 |
Aptamer Sciences 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 Aptamer Sciences stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aptamer Sciences stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aptamer Sciences stock over time.
Current vs Lagged Prices |
| Timeline |
Aptamer Sciences Lagged Returns
When evaluating Aptamer Sciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aptamer Sciences stock have on its future price. Aptamer Sciences 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, Aptamer Sciences autocorrelation shows the relationship between Aptamer Sciences stock current value and its past values and can show if there is a momentum factor associated with investing in Aptamer Sciences.
Regressed Prices |
| Timeline |
Pair Trading with Aptamer Sciences
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 Aptamer Sciences 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 Aptamer Sciences will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Aptamer Sciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aptamer Sciences 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 Aptamer Sciences - 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 Aptamer Sciences to buy it.
The correlation of Aptamer Sciences 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 Aptamer Sciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aptamer Sciences 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 Aptamer Sciences 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 Aptamer Stock
Aptamer Sciences financial ratios help investors to determine whether Aptamer 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 Aptamer with respect to the benefits of owning Aptamer Sciences security.