Apiam Animal (Australia) Market Value
| AHX Stock | 0.36 0.01 2.70% |
| Symbol | Apiam |
Apiam Animal '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 Apiam Animal'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 Apiam Animal.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Apiam Animal on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Apiam Animal Health or generate 0.0% return on investment in Apiam Animal over 30 days. Apiam Animal is related to or competes with Aneka Tambang, Commonwealth Bank, Commonwealth Bank, Australia, ANZ Group, Commonwealth Bank, and Commonwealth Bank. Apiam Animal is entity of Australia. It is traded as Stock on AU exchange. More
Apiam Animal 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 Apiam Animal'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 Apiam Animal Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 25.36 | |||
| Value At Risk | (7.55) | |||
| Potential Upside | 7.14 |
Apiam Animal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apiam Animal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apiam Animal's standard deviation. In reality, there are many statistical measures that can use Apiam Animal historical prices to predict the future Apiam Animal's volatility.| Risk Adjusted Performance | 0.001 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (1.21) |
Apiam Animal Health Backtested Returns
Apiam Animal Health secures Sharpe Ratio (or Efficiency) of -0.0112, which signifies that the company had a -0.0112% return per unit of risk over the last 3 months. Apiam Animal Health exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apiam Animal's Mean Deviation of 3.3, standard deviation of 4.75, and Risk Adjusted Performance of 0.001 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0466, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Apiam Animal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apiam Animal is expected to be smaller as well. At this point, Apiam Animal Health has a negative expected return of -0.0535%. Please make sure to confirm Apiam Animal's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Apiam Animal Health performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Apiam Animal Health has weak predictability. Overlapping area represents the amount of predictability between Apiam Animal time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Apiam Animal Health price movement. The serial correlation of 0.23 indicates that over 23.0% of current Apiam Animal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Apiam Animal Health lagged returns against current returns
Autocorrelation, which is Apiam Animal 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 Apiam Animal's stock expected returns. We can calculate the autocorrelation of Apiam Animal returns to help us make a trade decision. For example, suppose you find that Apiam Animal 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 |
Apiam Animal 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 Apiam Animal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apiam Animal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apiam Animal stock over time.
Current vs Lagged Prices |
| Timeline |
Apiam Animal Lagged Returns
When evaluating Apiam Animal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apiam Animal stock have on its future price. Apiam Animal 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, Apiam Animal autocorrelation shows the relationship between Apiam Animal stock current value and its past values and can show if there is a momentum factor associated with investing in Apiam Animal Health.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Apiam Stock Analysis
When running Apiam Animal's price analysis, check to measure Apiam Animal'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 Apiam Animal is operating at the current time. Most of Apiam Animal's value examination focuses on studying past and present price action to predict the probability of Apiam Animal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apiam Animal's price. Additionally, you may evaluate how the addition of Apiam Animal to your portfolios can decrease your overall portfolio volatility.