Access Power Co Stock Market Value
| ACCR Stock | USD 0.0008 0 55.56% |
| Symbol | Access |
Access Power '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 Access Power's pink sheet 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 Access Power.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Access Power on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Access Power Co or generate 0.0% return on investment in Access Power over 540 days. Access Power is related to or competes with Boxlight Corp, Siyata Mobile, ClearOne, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. Access-Power Co., Inc., a medical marijuana clone company, manufactures and distributes medical marijuana clone products More
Access Power 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 Access Power's pink sheet 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 Access Power Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 32.35 | |||
| Information Ratio | 0.0587 | |||
| Maximum Drawdown | 145.56 | |||
| Value At Risk | (26.32) | |||
| Potential Upside | 33.33 |
Access Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Access Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Access Power's standard deviation. In reality, there are many statistical measures that can use Access Power historical prices to predict the future Access Power's volatility.| Risk Adjusted Performance | 0.0591 | |||
| Jensen Alpha | 1.53 | |||
| Total Risk Alpha | (2.09) | |||
| Sortino Ratio | 0.0406 | |||
| Treynor Ratio | (1.82) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Access Power'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.
Access Power Backtested Returns
Access Power is out of control given 3 months investment horizon. Access Power secures Sharpe Ratio (or Efficiency) of 0.0809, which signifies that the company had a 0.0809% return per unit of standard deviation over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.82% are justified by taking the suggested risk. Use Access Power mean deviation of 11.55, and Risk Adjusted Performance of 0.0591 to evaluate company specific risk that cannot be diversified away. Access Power holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Access Power are expected to decrease at a much lower rate. During the bear market, Access Power is likely to outperform the market. Use Access Power value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to analyze future returns on Access Power.
Auto-correlation | 0.41 |
Average predictability
Access Power Co has average predictability. Overlapping area represents the amount of predictability between Access Power time series from 4th of June 2023 to 29th of February 2024 and 29th of February 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 Access Power price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Access Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Access Power lagged returns against current returns
Autocorrelation, which is Access Power pink sheet'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 Access Power's pink sheet expected returns. We can calculate the autocorrelation of Access Power returns to help us make a trade decision. For example, suppose you find that Access Power has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Access Power 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 Access Power pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Access Power pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Access Power pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Access Power Lagged Returns
When evaluating Access Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Access Power pink sheet have on its future price. Access Power 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, Access Power autocorrelation shows the relationship between Access Power pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Access Power Co.
Regressed Prices |
| Timeline |
Pair Trading with Access Power
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 Access Power 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 Access Power will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Access Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Access Power 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 Access Power - 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 Access Power Co to buy it.
The correlation of Access Power 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 Access Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Access Power 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 Access Power 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.Additional Tools for Access Pink Sheet Analysis
When running Access Power's price analysis, check to measure Access Power'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 Access Power is operating at the current time. Most of Access Power's value examination focuses on studying past and present price action to predict the probability of Access Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Access Power's price. Additionally, you may evaluate how the addition of Access Power to your portfolios can decrease your overall portfolio volatility.