Appeninn Nyrt (Hungary) Market Value
| APPEN Stock | 678.00 14.00 2.11% |
| Symbol | Appeninn |
Appeninn Nyrt '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 Appeninn Nyrt'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 Appeninn Nyrt.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Appeninn Nyrt on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Appeninn Nyrt or generate 0.0% return on investment in Appeninn Nyrt over 30 days. Appeninn Nyrt is related to or competes with OPUS GLOBAL, OTP Bank, and MOL Nyrt. More
Appeninn Nyrt 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 Appeninn Nyrt'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 Appeninn Nyrt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8652 | |||
| Information Ratio | 0.0983 | |||
| Maximum Drawdown | 9.63 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 2.59 |
Appeninn Nyrt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Appeninn Nyrt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Appeninn Nyrt's standard deviation. In reality, there are many statistical measures that can use Appeninn Nyrt historical prices to predict the future Appeninn Nyrt's volatility.| Risk Adjusted Performance | 0.1331 | |||
| Jensen Alpha | 0.2363 | |||
| Total Risk Alpha | 0.0489 | |||
| Sortino Ratio | 0.1792 | |||
| Treynor Ratio | 1.39 |
Appeninn Nyrt Backtested Returns
Appeninn Nyrt appears to be very steady, given 3 months investment horizon. Appeninn Nyrt secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Appeninn Nyrt, which you can use to evaluate the volatility of the firm. Please makes use of Appeninn Nyrt's Risk Adjusted Performance of 0.1331, downside deviation of 0.8652, and Mean Deviation of 1.05 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Appeninn Nyrt holds a performance score of 11. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Appeninn Nyrt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Appeninn Nyrt is expected to be smaller as well. Please check Appeninn Nyrt's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Appeninn Nyrt's price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Appeninn Nyrt has below average predictability. Overlapping area represents the amount of predictability between Appeninn Nyrt 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 Appeninn Nyrt price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Appeninn Nyrt price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 356.96 |
Appeninn Nyrt lagged returns against current returns
Autocorrelation, which is Appeninn Nyrt 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 Appeninn Nyrt's stock expected returns. We can calculate the autocorrelation of Appeninn Nyrt returns to help us make a trade decision. For example, suppose you find that Appeninn Nyrt 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 |
Appeninn Nyrt 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 Appeninn Nyrt stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Appeninn Nyrt stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Appeninn Nyrt stock over time.
Current vs Lagged Prices |
| Timeline |
Appeninn Nyrt Lagged Returns
When evaluating Appeninn Nyrt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Appeninn Nyrt stock have on its future price. Appeninn Nyrt 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, Appeninn Nyrt autocorrelation shows the relationship between Appeninn Nyrt stock current value and its past values and can show if there is a momentum factor associated with investing in Appeninn Nyrt.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Appeninn Stock
Appeninn Nyrt financial ratios help investors to determine whether Appeninn 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 Appeninn with respect to the benefits of owning Appeninn Nyrt security.