OneApex (Germany) Market Value
| CWF Stock | EUR 0.07 0.0005 0.69% |
| Symbol | OneApex |
OneApex '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 OneApex'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 OneApex.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in OneApex on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding OneApex Limited or generate 0.0% return on investment in OneApex over 690 days. OneApex is related to or competes with SalMar ASA, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Identiv. OneApex Limited, an investment holding company, engages in property and financial investment services businesses More
OneApex 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 OneApex'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 OneApex Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 41.18 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 1.32 |
OneApex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OneApex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OneApex's standard deviation. In reality, there are many statistical measures that can use OneApex historical prices to predict the future OneApex's volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | (0.11) |
OneApex Limited Backtested Returns
OneApex Limited maintains Sharpe Ratio (i.e., Efficiency) of -0.0093, which implies the firm had a -0.0093% return per unit of risk over the last 3 months. OneApex Limited exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OneApex's Coefficient Of Variation of (12,848), variance of 39.37, and Risk Adjusted Performance of 0.0028 to confirm the risk estimate we provide. The company holds a Beta of 0.52, which implies possible diversification benefits within a given portfolio. As returns on the market increase, OneApex's returns are expected to increase less than the market. However, during the bear market, the loss of holding OneApex is expected to be smaller as well. At this point, OneApex Limited has a negative expected return of -0.0588%. Please make sure to check OneApex's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if OneApex Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
OneApex Limited has insignificant predictability. Overlapping area represents the amount of predictability between OneApex time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 OneApex Limited price movement. The serial correlation of 0.15 indicates that less than 15.0% of current OneApex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
OneApex Limited lagged returns against current returns
Autocorrelation, which is OneApex 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 OneApex's stock expected returns. We can calculate the autocorrelation of OneApex returns to help us make a trade decision. For example, suppose you find that OneApex 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 |
OneApex 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 OneApex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OneApex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OneApex stock over time.
Current vs Lagged Prices |
| Timeline |
OneApex Lagged Returns
When evaluating OneApex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OneApex stock have on its future price. OneApex 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, OneApex autocorrelation shows the relationship between OneApex stock current value and its past values and can show if there is a momentum factor associated with investing in OneApex Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in OneApex Stock
OneApex financial ratios help investors to determine whether OneApex 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 OneApex with respect to the benefits of owning OneApex security.