Apex Healthcare (Malaysia) Market Value
| 7090 Stock | 2.48 0.10 3.88% |
| Symbol | Apex |
Apex Healthcare '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 Healthcare'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 Healthcare.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Apex Healthcare on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Apex Healthcare Bhd or generate 0.0% return on investment in Apex Healthcare over 30 days. Apex Healthcare is related to or competes with Minetech Resources, Sunzen Biotech, Hengyuan Refining, Impiana Hotels, and Icon Offshore. More
Apex Healthcare 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 Healthcare'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 Healthcare Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.12 |
Apex Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apex Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apex Healthcare's standard deviation. In reality, there are many statistical measures that can use Apex Healthcare historical prices to predict the future Apex Healthcare's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 4.33 |
Apex Healthcare Bhd Backtested Returns
Apex Healthcare Bhd secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of standard deviation over the last 3 months. Apex Healthcare Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apex Healthcare's mean deviation of 0.668, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0336, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Apex Healthcare are expected to decrease at a much lower rate. During the bear market, Apex Healthcare is likely to outperform the market. At this point, Apex Healthcare Bhd has a negative expected return of -0.14%. Please make sure to confirm Apex Healthcare's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Apex Healthcare Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Apex Healthcare Bhd has good predictability. Overlapping area represents the amount of predictability between Apex Healthcare time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Healthcare Bhd price movement. The serial correlation of 0.66 indicates that around 66.0% of current Apex Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Apex Healthcare Bhd lagged returns against current returns
Autocorrelation, which is Apex Healthcare 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 Healthcare's stock expected returns. We can calculate the autocorrelation of Apex Healthcare returns to help us make a trade decision. For example, suppose you find that Apex Healthcare 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 Healthcare 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 Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apex Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apex Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Apex Healthcare Lagged Returns
When evaluating Apex Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apex Healthcare stock have on its future price. Apex Healthcare 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 Healthcare autocorrelation shows the relationship between Apex Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Apex Healthcare Bhd.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Apex Stock
Apex Healthcare financial ratios help investors to determine whether Apex 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 Apex with respect to the benefits of owning Apex Healthcare security.