Apollo Power (Israel) Market Value
| APLP Stock | 227.70 10.70 4.49% |
| Symbol | Apollo |
Apollo 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 Apollo Power'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 Apollo Power.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Apollo Power on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Apollo Power or generate 0.0% return on investment in Apollo Power over 30 days. Apollo Power is related to or competes with Analyst IMS, Rapac Communication, B Communications, Sure Tech, Harel Insurance, and Adgar Investments. Apollo Power Ltd develops various technology solutions and products in the solar energy field More
Apollo 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 Apollo Power'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 Apollo Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 17.47 | |||
| Value At Risk | (10.64) | |||
| Potential Upside | 4.44 |
Apollo Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apollo Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apollo Power's standard deviation. In reality, there are many statistical measures that can use Apollo Power historical prices to predict the future Apollo Power's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (1.13) | |||
| Total Risk Alpha | (1.69) | |||
| Treynor Ratio | 1.49 |
Apollo Power Backtested Returns
Apollo Power secures Sharpe Ratio (or Efficiency) of -0.44, which signifies that the company had a -0.44% return per unit of risk over the last 3 months. Apollo Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apollo Power's Standard Deviation of 3.69, risk adjusted performance of (0.24), and Mean Deviation of 2.68 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Apollo Power are expected to decrease at a much lower rate. During the bear market, Apollo Power is likely to outperform the market. At this point, Apollo Power has a negative expected return of -1.73%. Please make sure to confirm Apollo Power's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Apollo Power performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Apollo Power has very good predictability. Overlapping area represents the amount of predictability between Apollo Power 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 Apollo Power price movement. The serial correlation of 0.8 indicates that around 80.0% of current Apollo Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 173.94 |
Apollo Power lagged returns against current returns
Autocorrelation, which is Apollo Power 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 Apollo Power's stock expected returns. We can calculate the autocorrelation of Apollo Power returns to help us make a trade decision. For example, suppose you find that Apollo Power 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 |
Apollo 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 Apollo Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apollo Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apollo Power stock over time.
Current vs Lagged Prices |
| Timeline |
Apollo Power Lagged Returns
When evaluating Apollo Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apollo Power stock have on its future price. Apollo 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, Apollo Power autocorrelation shows the relationship between Apollo Power stock current value and its past values and can show if there is a momentum factor associated with investing in Apollo Power.
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.Other Information on Investing in Apollo Stock
Apollo Power financial ratios help investors to determine whether Apollo 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 Apollo with respect to the benefits of owning Apollo Power security.