Aquaporin (Denmark) Market Value
| AQP Stock | 21.30 0.50 2.29% |
| Symbol | Aquaporin |
Aquaporin '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 Aquaporin'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 Aquaporin.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Aquaporin on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Aquaporin AS or generate 0.0% return on investment in Aquaporin over 30 days. Aquaporin is related to or competes with Green Hydrogen, FOM Technologies, ALK Abell, Trifork Holding, and Zealand Pharma. More
Aquaporin 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 Aquaporin'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 Aquaporin AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 23.5 | |||
| Value At Risk | (9.81) | |||
| Potential Upside | 8.33 |
Aquaporin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aquaporin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aquaporin's standard deviation. In reality, there are many statistical measures that can use Aquaporin historical prices to predict the future Aquaporin's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.23) | |||
| Treynor Ratio | (0.29) |
Aquaporin AS Backtested Returns
Aquaporin AS secures Sharpe Ratio (or Efficiency) of -0.0699, which signifies that the company had a -0.0699% return per unit of risk over the last 3 months. Aquaporin AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aquaporin's Standard Deviation of 5.4, mean deviation of 4.26, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.34, 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, Aquaporin will likely underperform. At this point, Aquaporin AS has a negative expected return of -0.38%. Please make sure to confirm Aquaporin's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Aquaporin AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Aquaporin AS has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aquaporin time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Aquaporin AS price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Aquaporin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.87 |
Aquaporin AS lagged returns against current returns
Autocorrelation, which is Aquaporin 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 Aquaporin's stock expected returns. We can calculate the autocorrelation of Aquaporin returns to help us make a trade decision. For example, suppose you find that Aquaporin 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 |
Aquaporin 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 Aquaporin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aquaporin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aquaporin stock over time.
Current vs Lagged Prices |
| Timeline |
Aquaporin Lagged Returns
When evaluating Aquaporin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aquaporin stock have on its future price. Aquaporin 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, Aquaporin autocorrelation shows the relationship between Aquaporin stock current value and its past values and can show if there is a momentum factor associated with investing in Aquaporin AS.
Regressed Prices |
| Timeline |
Pair Trading with Aquaporin
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 Aquaporin 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 Aquaporin will appreciate offsetting losses from the drop in the long position's value.Moving together with Aquaporin Stock
Moving against Aquaporin Stock
The ability to find closely correlated positions to Aquaporin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aquaporin 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 Aquaporin - 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 Aquaporin AS to buy it.
The correlation of Aquaporin 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 Aquaporin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aquaporin AS 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 Aquaporin 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.Other Information on Investing in Aquaporin Stock
Aquaporin financial ratios help investors to determine whether Aquaporin 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 Aquaporin with respect to the benefits of owning Aquaporin security.