Apple Inc Cdr Stock Market Value
| AAPL Stock | 34.12 0.44 1.31% |
| Symbol | Apple |
Apple '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 Apple'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 Apple.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Apple on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Apple Inc CDR or generate 0.0% return on investment in Apple over 30 days. Apple is related to or competes with HIVE Blockchain, WELL Health, Cineplex, and BlackBerry. Apple is entity of Canada. It is traded as Stock on NEO exchange. More
Apple 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 Apple'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 Apple Inc CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.39 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.09 |
Apple Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apple's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apple's standard deviation. In reality, there are many statistical measures that can use Apple historical prices to predict the future Apple's volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | 0.0433 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.7451 |
Apple Inc CDR Backtested Returns
At this point, Apple is very steady. Apple Inc CDR secures Sharpe Ratio (or Efficiency) of 0.0371, which signifies that the company had a 0.0371% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Apple Inc CDR, which you can use to evaluate the volatility of the firm. Please confirm Apple's Mean Deviation of 0.8994, risk adjusted performance of 0.0415, and Downside Deviation of 1.28 to double-check if the risk estimate we provide is consistent with the expected return of 0.047%. Apple has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0691, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Apple's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apple is expected to be smaller as well. Apple Inc CDR right now shows a risk of 1.27%. Please confirm Apple Inc CDR standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Apple Inc CDR will be following its price patterns.
Auto-correlation | -0.59 |
Good reverse predictability
Apple Inc CDR has good reverse predictability. Overlapping area represents the amount of predictability between Apple time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Apple Inc CDR price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Apple price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Apple Inc CDR lagged returns against current returns
Autocorrelation, which is Apple 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 Apple's stock expected returns. We can calculate the autocorrelation of Apple returns to help us make a trade decision. For example, suppose you find that Apple 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 |
Apple 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 Apple stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apple stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apple stock over time.
Current vs Lagged Prices |
| Timeline |
Apple Lagged Returns
When evaluating Apple's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apple stock have on its future price. Apple 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, Apple autocorrelation shows the relationship between Apple stock current value and its past values and can show if there is a momentum factor associated with investing in Apple Inc CDR.
Regressed Prices |
| Timeline |
Pair Trading with Apple
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 Apple 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 Apple will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple 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 Apple - 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 Apple Inc CDR to buy it.
The correlation of Apple 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 Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc CDR 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 Apple 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 Apple Stock
Apple financial ratios help investors to determine whether Apple 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 Apple with respect to the benefits of owning Apple security.