Appian Corp (Germany) Market Value
| 910 Stock | 35.06 0.09 0.26% |
| Symbol | Appian |
Appian Corp '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 Appian Corp'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 Appian Corp.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Appian Corp on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Appian Corp or generate 0.0% return on investment in Appian Corp over 30 days. Appian Corp is related to or competes with RCM TECHNOLOGIES, Microbot Medical, Warner Music, ORMAT TECHNOLOGIES, Zoom Video, Compugroup Medical, and Apollo Medical. More
Appian Corp 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 Appian Corp'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 Appian Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0641 | |||
| Maximum Drawdown | 14.3 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 4.96 |
Appian Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Appian Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Appian Corp's standard deviation. In reality, there are many statistical measures that can use Appian Corp historical prices to predict the future Appian Corp's volatility.| Risk Adjusted Performance | 0.0965 | |||
| Jensen Alpha | 0.2719 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0863 | |||
| Treynor Ratio | 1.66 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Appian Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Appian Corp Backtested Returns
Appian Corp appears to be very steady, given 3 months investment horizon. Appian Corp secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Appian Corp, which you can use to evaluate the volatility of the firm. Please makes use of Appian Corp's Mean Deviation of 1.86, downside deviation of 1.93, and Risk Adjusted Performance of 0.0965 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Appian Corp holds a performance score of 9. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Appian Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Appian Corp is expected to be smaller as well. Please check Appian Corp's treynor ratio, downside variance, and the relationship between the total risk alpha and value at risk , to make a quick decision on whether Appian Corp's price patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Appian Corp has modest predictability. Overlapping area represents the amount of predictability between Appian Corp 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 Appian Corp price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Appian Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Appian Corp lagged returns against current returns
Autocorrelation, which is Appian Corp 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 Appian Corp's stock expected returns. We can calculate the autocorrelation of Appian Corp returns to help us make a trade decision. For example, suppose you find that Appian Corp 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 |
Appian Corp 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 Appian Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Appian Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Appian Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Appian Corp Lagged Returns
When evaluating Appian Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Appian Corp stock have on its future price. Appian Corp 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, Appian Corp autocorrelation shows the relationship between Appian Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Appian Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Appian Stock Analysis
When running Appian Corp's price analysis, check to measure Appian Corp'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 Appian Corp is operating at the current time. Most of Appian Corp's value examination focuses on studying past and present price action to predict the probability of Appian Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Appian Corp's price. Additionally, you may evaluate how the addition of Appian Corp to your portfolios can decrease your overall portfolio volatility.