Apator SA (Poland) Market Value
| APT Stock | 17.70 0.16 0.90% |
| Symbol | Apator |
Apator SA '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 Apator SA'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 Apator SA.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Apator SA on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Apator SA or generate 0.0% return on investment in Apator SA over 30 days. Apator SA is related to or competes with Esotiq Henderson, and Echo Investment. More
Apator SA 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 Apator SA'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 Apator SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.54 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.33 |
Apator SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apator SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apator SA's standard deviation. In reality, there are many statistical measures that can use Apator SA historical prices to predict the future Apator SA's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.86) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Apator SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Apator SA Backtested Returns
Apator SA secures Sharpe Ratio (or Efficiency) of -0.0952, which signifies that the company had a -0.0952% return per unit of standard deviation over the last 3 months. Apator SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apator SA's risk adjusted performance of (0), and Mean Deviation of 1.39 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0382, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Apator SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apator SA is expected to be smaller as well. At this point, Apator SA has a negative expected return of -0.16%. Please make sure to confirm Apator SA's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Apator SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Apator SA has insignificant predictability. Overlapping area represents the amount of predictability between Apator SA time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Apator SA price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Apator SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Apator SA lagged returns against current returns
Autocorrelation, which is Apator SA 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 Apator SA's stock expected returns. We can calculate the autocorrelation of Apator SA returns to help us make a trade decision. For example, suppose you find that Apator SA 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 |
Apator SA 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 Apator SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apator SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apator SA stock over time.
Current vs Lagged Prices |
| Timeline |
Apator SA Lagged Returns
When evaluating Apator SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apator SA stock have on its future price. Apator SA 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, Apator SA autocorrelation shows the relationship between Apator SA stock current value and its past values and can show if there is a momentum factor associated with investing in Apator SA.
Regressed Prices |
| Timeline |
Pair Trading with Apator SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Apator SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Apator SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Apator Stock
Moving against Apator Stock
| 0.76 | CEZ | CEZ as | PairCorr |
| 0.43 | ENA | Enea SA | PairCorr |
| 0.42 | ECH | Echo Investment SA | PairCorr |
| 0.32 | EAH | Esotiq Henderson | PairCorr |
The ability to find closely correlated positions to Apator SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apator SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Apator SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Apator SA to buy it.
The correlation of Apator SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apator SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apator SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Apator SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Apator Stock Analysis
When running Apator SA's price analysis, check to measure Apator SA'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 Apator SA is operating at the current time. Most of Apator SA's value examination focuses on studying past and present price action to predict the probability of Apator SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apator SA's price. Additionally, you may evaluate how the addition of Apator SA to your portfolios can decrease your overall portfolio volatility.