APACHE P 425 Market Value
| 037411BC8 | 69.40 6.57 8.65% |
| Symbol | APACHE |
APACHE '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 APACHE's bond 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 APACHE.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in APACHE on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding APACHE P 425 or generate 0.0% return on investment in APACHE over 30 days. APACHE is related to or competes with Merit Medical, Constellation Brands, Vita Coco, HNI Corp, Acco Brands, and Monster Beverage. More
APACHE 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 APACHE's bond 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 APACHE P 425 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.72 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 5.61 |
APACHE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for APACHE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as APACHE's standard deviation. In reality, there are many statistical measures that can use APACHE historical prices to predict the future APACHE's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.0005) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.1197 |
APACHE P 425 Backtested Returns
APACHE P 425 retains Efficiency (Sharpe Ratio) of -0.0308, which signifies that the bond had a -0.0308% return per unit of risk over the last 3 months. APACHE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm APACHE's market risk adjusted performance of 0.1297, and Variance of 12.66 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning APACHE are expected to decrease at a much lower rate. During the bear market, APACHE is likely to outperform the market.
Auto-correlation | 0.18 |
Very weak predictability
APACHE P 425 has very weak predictability. Overlapping area represents the amount of predictability between APACHE 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 APACHE P 425 price movement. The serial correlation of 0.18 indicates that over 18.0% of current APACHE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 4.63 |
APACHE P 425 lagged returns against current returns
Autocorrelation, which is APACHE bond'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 APACHE's bond expected returns. We can calculate the autocorrelation of APACHE returns to help us make a trade decision. For example, suppose you find that APACHE has exhibited high autocorrelation historically, and you observe that the bond 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 |
APACHE 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 APACHE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APACHE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APACHE bond over time.
Current vs Lagged Prices |
| Timeline |
APACHE Lagged Returns
When evaluating APACHE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of APACHE bond have on its future price. APACHE 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, APACHE autocorrelation shows the relationship between APACHE bond current value and its past values and can show if there is a momentum factor associated with investing in APACHE P 425.
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.Other Information on Investing in APACHE Bond
APACHE financial ratios help investors to determine whether APACHE Bond 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 APACHE with respect to the benefits of owning APACHE security.