Appen (Germany) Market Value
| 433 Stock | EUR 1.27 0.08 5.93% |
| Symbol | Appen |
Appen '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 Appen'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 Appen.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Appen on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Appen Limited or generate 0.0% return on investment in Appen over 270 days. Appen is related to or competes with BOSTON BEER, THAI BEVERAGE, Tsingtao Brewery, Thai Beverage, SCANSOURCE (SC3SG), Burlington Stores, and Monster Beverage. Appen Limited, together with its subsidiaries, provides data solutions and services for machine learning and artificial ... More
Appen 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 Appen'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 Appen Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.12 | |||
| Information Ratio | 0.095 | |||
| Maximum Drawdown | 31.47 | |||
| Value At Risk | (9.29) | |||
| Potential Upside | 14.55 |
Appen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Appen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Appen's standard deviation. In reality, there are many statistical measures that can use Appen historical prices to predict the future Appen's volatility.| Risk Adjusted Performance | 0.0949 | |||
| Jensen Alpha | 0.7437 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.1027 | |||
| Treynor Ratio | 0.9479 |
Appen Limited Backtested Returns
Appen is abnormally volatile given 3 months investment horizon. Appen Limited secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use Appen Downside Deviation of 7.12, risk adjusted performance of 0.0949, and Mean Deviation of 6.05 to evaluate company specific risk that cannot be diversified away. Appen holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.9, which signifies possible diversification benefits within a given portfolio. Appen returns are very sensitive to returns on the market. As the market goes up or down, Appen is expected to follow. Use Appen coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to analyze future returns on Appen.
Auto-correlation | -0.69 |
Very good reverse predictability
Appen Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Appen time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Appen Limited price movement. The serial correlation of -0.69 indicates that around 69.0% of current Appen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Appen Limited lagged returns against current returns
Autocorrelation, which is Appen 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 Appen's stock expected returns. We can calculate the autocorrelation of Appen returns to help us make a trade decision. For example, suppose you find that Appen 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 |
Appen 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 Appen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Appen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Appen stock over time.
Current vs Lagged Prices |
| Timeline |
Appen Lagged Returns
When evaluating Appen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Appen stock have on its future price. Appen 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, Appen autocorrelation shows the relationship between Appen stock current value and its past values and can show if there is a momentum factor associated with investing in Appen Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Appen Stock
Appen financial ratios help investors to determine whether Appen 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 Appen with respect to the benefits of owning Appen security.