Alps Electric Co Stock Market Value
| APELY Stock | USD 20.12 0.11 0.54% |
| Symbol | Alps |
Alps Electric '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 Alps Electric'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 Alps Electric.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Alps Electric on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Alps Electric Co or generate 0.0% return on investment in Alps Electric over 30 days. Alps Electric is related to or competes with Bitmine Immersion, American Aires, AT S, Benchmark Electronics, Bel Fuse, Methode Electronics, and Bel Fuse. Alps Alpine Co., Ltd. manufactures and sells electronic components in Japan and internationally More
Alps Electric 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 Alps Electric'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 Alps Electric Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.79 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 3.67 |
Alps Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alps Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alps Electric's standard deviation. In reality, there are many statistical measures that can use Alps Electric historical prices to predict the future Alps Electric's volatility.| Risk Adjusted Performance | 0.0205 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0492 |
Alps Electric Backtested Returns
Alps Electric secures Sharpe Ratio (or Efficiency) of -0.0273, which signifies that the company had a -0.0273% return per unit of risk over the last 3 months. Alps Electric Co exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alps Electric's Risk Adjusted Performance of 0.0205, downside deviation of 2.27, and Mean Deviation of 1.34 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alps Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alps Electric is expected to be smaller as well. At this point, Alps Electric has a negative expected return of -0.0475%. Please make sure to confirm Alps Electric's maximum drawdown, as well as the relationship between the skewness and price action indicator , to decide if Alps Electric performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Alps Electric Co has very good reverse predictability. Overlapping area represents the amount of predictability between Alps Electric time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Alps Electric price movement. The serial correlation of -0.67 indicates that around 67.0% of current Alps Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Alps Electric lagged returns against current returns
Autocorrelation, which is Alps Electric 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 Alps Electric's pink sheet expected returns. We can calculate the autocorrelation of Alps Electric returns to help us make a trade decision. For example, suppose you find that Alps Electric 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 |
Alps Electric 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 Alps Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alps Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alps Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Alps Electric Lagged Returns
When evaluating Alps Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alps Electric pink sheet have on its future price. Alps Electric 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, Alps Electric autocorrelation shows the relationship between Alps Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Alps Electric Co.
Regressed Prices |
| Timeline |
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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 Tools for Alps Pink Sheet Analysis
When running Alps Electric's price analysis, check to measure Alps Electric'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 Alps Electric is operating at the current time. Most of Alps Electric's value examination focuses on studying past and present price action to predict the probability of Alps Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alps Electric's price. Additionally, you may evaluate how the addition of Alps Electric to your portfolios can decrease your overall portfolio volatility.