APA (Brazil) Market Value
| A1PA34 Stock | BRL 131.00 0.30 0.23% |
| Symbol | APA |
APA '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 APA'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 APA.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in APA on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding APA Corporation or generate 0.0% return on investment in APA over 510 days. APA is related to or competes with Unity Software, Unifique Telecomunicaes, Take Two, Telecomunicaes Brasileiras, and Micron Technology. APA Corporation, through its subsidiaries, explores for and produces oil and gas properties More
APA 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 APA'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 APA Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 16.52 | |||
| Value At Risk | (6.26) | |||
| Potential Upside | 3.69 |
APA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for APA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as APA's standard deviation. In reality, there are many statistical measures that can use APA historical prices to predict the future APA's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.47) |
APA Corporation Backtested Returns
APA Corporation retains Efficiency (Sharpe Ratio) of -0.0861, which signifies that the company had a -0.0861% return per unit of risk over the last 3 months. APA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm APA's market risk adjusted performance of (0.46), and Variance of 7.76 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, APA's returns are expected to increase less than the market. However, during the bear market, the loss of holding APA is expected to be smaller as well. At this point, APA Corporation has a negative expected return of -0.24%. Please make sure to confirm APA's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if APA Corporation performance from the past will be repeated in the future.
Auto-correlation | 0.69 |
Good predictability
APA Corporation has good predictability. Overlapping area represents the amount of predictability between APA time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 APA Corporation price movement. The serial correlation of 0.69 indicates that around 69.0% of current APA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 98.43 |
APA Corporation lagged returns against current returns
Autocorrelation, which is APA 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 APA's stock expected returns. We can calculate the autocorrelation of APA returns to help us make a trade decision. For example, suppose you find that APA 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 |
APA 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 APA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APA stock over time.
Current vs Lagged Prices |
| Timeline |
APA Lagged Returns
When evaluating APA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of APA stock have on its future price. APA 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, APA autocorrelation shows the relationship between APA stock current value and its past values and can show if there is a momentum factor associated with investing in APA Corporation.
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.Additional Information and Resources on Investing in APA Stock
When determining whether APA Corporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of APA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Apa Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Apa Corporation Stock:Check out APA Correlation, APA Volatility and APA Alpha and Beta module to complement your research on APA. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
APA technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.