Audio Pixels (Australia) Market Value
| AKP Stock | 6.20 0.00 0.00% |
| Symbol | Audio |
Audio Pixels '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 Audio Pixels' 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 Audio Pixels.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Audio Pixels on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Audio Pixels Holdings or generate 0.0% return on investment in Audio Pixels over 570 days. Audio Pixels is related to or competes with Magellan Financial, EMvision Medical, Microequities Asset, Platinum Asset, Westpac Banking, Finexia Financial, and Collins Foods. Audio Pixels is entity of Australia. It is traded as Stock on AU exchange. More
Audio Pixels 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 Audio Pixels' 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 Audio Pixels Holdings upside and downside potential and time the market with a certain degree of confidence.
Audio Pixels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Audio Pixels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Audio Pixels' standard deviation. In reality, there are many statistical measures that can use Audio Pixels historical prices to predict the future Audio Pixels' volatility.Audio Pixels Holdings Backtested Returns
We have found three technical indicators for Audio Pixels Holdings, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Audio Pixels are completely uncorrelated.
Auto-correlation | -0.04 |
Very weak reverse predictability
Audio Pixels Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Audio Pixels time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Audio Pixels Holdings price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Audio Pixels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Audio Pixels Holdings lagged returns against current returns
Autocorrelation, which is Audio Pixels 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 Audio Pixels' stock expected returns. We can calculate the autocorrelation of Audio Pixels returns to help us make a trade decision. For example, suppose you find that Audio Pixels 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 |
Audio Pixels 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 Audio Pixels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Audio Pixels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Audio Pixels stock over time.
Current vs Lagged Prices |
| Timeline |
Audio Pixels Lagged Returns
When evaluating Audio Pixels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Audio Pixels stock have on its future price. Audio Pixels 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, Audio Pixels autocorrelation shows the relationship between Audio Pixels stock current value and its past values and can show if there is a momentum factor associated with investing in Audio Pixels Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Audio Stock Analysis
When running Audio Pixels' price analysis, check to measure Audio Pixels' 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 Audio Pixels is operating at the current time. Most of Audio Pixels' value examination focuses on studying past and present price action to predict the probability of Audio Pixels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Audio Pixels' price. Additionally, you may evaluate how the addition of Audio Pixels to your portfolios can decrease your overall portfolio volatility.