Aptitude Software's market value is the price at which a share of Aptitude Software trades on a public exchange. It measures the collective expectations of Aptitude Software Group investors about its performance. Aptitude Software is selling for under 327.00 as of the 9th of January 2025; that is 1.51 percent decrease since the beginning of the trading day. The stock's lowest day price was 319.0. With this module, you can estimate the performance of a buy and hold strategy of Aptitude Software Group and determine expected loss or profit from investing in Aptitude Software over a given investment horizon. Check out Aptitude Software Correlation, Aptitude Software Volatility and Aptitude Software Alpha and Beta module to complement your research on Aptitude Software.
Please note, there is a significant difference between Aptitude Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aptitude Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aptitude Software's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Aptitude Software '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 Aptitude Software'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 Aptitude Software.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Aptitude Software'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 Aptitude Software Group upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aptitude Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aptitude Software's standard deviation. In reality, there are many statistical measures that can use Aptitude Software historical prices to predict the future Aptitude Software's volatility.
Aptitude Software secures Sharpe Ratio (or Efficiency) of -0.0124, which signifies that the company had a -0.0124% return per unit of risk over the last 3 months. Aptitude Software Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aptitude Software's Mean Deviation of 1.56, risk adjusted performance of 0.0024, and Standard Deviation of 1.96 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aptitude Software are expected to decrease at a much lower rate. During the bear market, Aptitude Software is likely to outperform the market. At this point, Aptitude Software has a negative expected return of -0.0248%. Please make sure to confirm Aptitude Software's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Aptitude Software performance from the past will be repeated at some point in the near future.
Auto-correlation
0.42
Average predictability
Aptitude Software Group has average predictability. Overlapping area represents the amount of predictability between Aptitude Software time series from 10th of November 2024 to 10th of December 2024 and 10th of December 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aptitude Software price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Aptitude Software price fluctuation can be explain by its past prices.
Correlation Coefficient
0.42
Spearman Rank Test
-0.35
Residual Average
0.0
Price Variance
28.22
Aptitude Software lagged returns against current returns
Autocorrelation, which is Aptitude Software 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 Aptitude Software's stock expected returns. We can calculate the autocorrelation of Aptitude Software returns to help us make a trade decision. For example, suppose you find that Aptitude Software 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
Aptitude Software 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 Aptitude Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aptitude Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aptitude Software stock over time.
Current vs Lagged Prices
Timeline
Aptitude Software Lagged Returns
When evaluating Aptitude Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aptitude Software stock have on its future price. Aptitude Software 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, Aptitude Software autocorrelation shows the relationship between Aptitude Software stock current value and its past values and can show if there is a momentum factor associated with investing in Aptitude Software Group.
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.
When running Aptitude Software's price analysis, check to measure Aptitude Software'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 Aptitude Software is operating at the current time. Most of Aptitude Software's value examination focuses on studying past and present price action to predict the probability of Aptitude Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aptitude Software's price. Additionally, you may evaluate how the addition of Aptitude Software to your portfolios can decrease your overall portfolio volatility.