Aptech (India) Market Value
| APTECHT Stock | 176.90 4.19 2.43% |
| Symbol | Aptech |
Aptech '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 Aptech'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 Aptech.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Aptech on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Aptech Limited or generate 0.0% return on investment in Aptech over 210 days. Aptech is related to or competes with Bajaj Holdings, Shipping, Indo Borax, Kingfa Science, Alkali Metals, Krebs Biochemicals, and KNR Constructions. Aptech is entity of India. It is traded as Stock on NSE exchange. More
Aptech 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 Aptech'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 Aptech Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 11.38 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 2.93 |
Aptech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aptech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aptech's standard deviation. In reality, there are many statistical measures that can use Aptech historical prices to predict the future Aptech's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aptech'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.
Aptech Limited Backtested Returns
Aptech Limited secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Aptech Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aptech's Standard Deviation of 2.4, risk adjusted performance of (0.13), and Mean Deviation of 1.82 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.22, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aptech will likely underperform. At this point, Aptech Limited has a negative expected return of -0.4%. Please make sure to confirm Aptech's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Aptech Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Aptech Limited has average predictability. Overlapping area represents the amount of predictability between Aptech time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Aptech Limited price movement. The serial correlation of 0.48 indicates that about 48.0% of current Aptech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 673.8 |
Aptech Limited lagged returns against current returns
Autocorrelation, which is Aptech 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 Aptech's stock expected returns. We can calculate the autocorrelation of Aptech returns to help us make a trade decision. For example, suppose you find that Aptech 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 |
Aptech 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 Aptech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aptech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aptech stock over time.
Current vs Lagged Prices |
| Timeline |
Aptech Lagged Returns
When evaluating Aptech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aptech stock have on its future price. Aptech 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, Aptech autocorrelation shows the relationship between Aptech stock current value and its past values and can show if there is a momentum factor associated with investing in Aptech Limited.
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 Aptech Stock Analysis
When running Aptech's price analysis, check to measure Aptech'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 Aptech is operating at the current time. Most of Aptech's value examination focuses on studying past and present price action to predict the probability of Aptech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aptech's price. Additionally, you may evaluate how the addition of Aptech to your portfolios can decrease your overall portfolio volatility.