Apex Resources Stock Volatility
| SLMLF Stock | USD 0.05 0.00 0.00% |
Apex Resources is out of control given 3 months investment horizon. Apex Resources secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16 % return per unit of standard deviation over the last 3 months. We were able to break down and interpolate eighteen different technical indicators, which can help you to evaluate if expected returns of 1.83% are justified by taking the suggested risk. Use Apex Resources risk adjusted performance of 0.1235, and Mean Deviation of 4.69 to evaluate company specific risk that cannot be diversified away.
Sharpe Ratio = 0.155
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Based on monthly moving average Apex Resources is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Apex Resources by adding it to a well-diversified portfolio.
Key indicators related to Apex Resources' volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Apex Resources Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Apex daily returns, and it is calculated using variance and standard deviation. We also use Apex's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Apex Resources volatility.
Apex |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Apex Resources can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Apex Resources at lower prices to lower their average cost per share. Similarly, when the prices of Apex Resources' stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to Apex Resources' market risk premium analysis include:
Beta 1.67 | Alpha 1.71 | Risk 11.81 | Sharpe Ratio 0.16 | Expected Return 1.83 |
Moving against Apex Pink Sheet
Apex Resources Market Sensitivity And Downside Risk
Apex Resources' beta coefficient measures the volatility of Apex pink sheet compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Apex pink sheet's returns against your selected market. In other words, Apex Resources's beta of 1.67 provides an investor with an approximation of how much risk Apex Resources pink sheet can potentially add to one of your existing portfolios. Apex Resources is displaying above-average volatility over the selected time horizon. Apex Resources is a penny stock. Although Apex Resources may be in fact a good investment, many penny pink sheets are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Apex Resources. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Apex instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Apex Resources Demand TrendCheck current 90 days Apex Resources correlation with market (Dow Jones Industrial)Apex Resources Volatility and Downside Risk
Apex standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Apex Resources Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Apex Resources pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Apex Resources' price changes. Investors will then calculate the volatility of Apex Resources' pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Apex Resources' volatility:
Historical Volatility
This type of pink sheet volatility measures Apex Resources' fluctuations based on previous trends. It's commonly used to predict Apex Resources' future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Apex Resources' current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Apex Resources' to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Apex Resources Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Apex Resources Projected Return Density Against Market
Assuming the 90 days horizon the pink sheet has the beta coefficient of 1.669 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Apex Resources will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Apex Resources or Basic Materials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Apex Resources' price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Apex pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Apex Resources has an alpha of 1.7051, implying that it can generate a 1.71 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an Apex Resources Price Volatility?
Several factors can influence a pink sheet's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Apex Resources Pink Sheet Risk Measures
Assuming the 90 days horizon the coefficient of variation of Apex Resources is 645.06. The daily returns are distributed with a variance of 139.44 and standard deviation of 11.81. The mean deviation of Apex Resources is currently at 4.69. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.74
α | Alpha over Dow Jones | 1.71 | |
β | Beta against Dow Jones | 1.67 | |
σ | Overall volatility | 11.81 | |
Ir | Information ratio | 0.15 |
Apex Resources Pink Sheet Return Volatility
Apex Resources historical daily return volatility represents how much of Apex Resources pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company shows 11.8084% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 0.7548% volatility on return distribution over the 90 days horizon. Performance |
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Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Apex Pink Sheet performing well and Apex Resources Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Apex Resources' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CUIRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FLMTF | 12.67 | 3.78 | 0.00 | (17.13) | 0.00 | 3.27 | 225.13 | |||
| GORAF | 6.29 | 1.62 | 0.10 | 0.76 | 5.67 | 22.22 | 117.78 | |||
| SNNAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CNMTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRUZF | 47.82 | 23.03 | 0.00 | (1.34) | 0.00 | 0.00 | 1,481 | |||
| GCCFF | 3.96 | 0.16 | 0.03 | 0.17 | 4.86 | 11.01 | 27.71 | |||
| QNICF | 6.04 | 2.61 | 0.00 | 2.84 | 0.00 | 0.00 | 122.67 | |||
| POTRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PSGR | 4.80 | 1.11 | 0.10 | (0.63) | 4.90 | 19.15 | 53.36 |
About Apex Resources Volatility
Volatility is a rate at which the price of Apex Resources or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Apex Resources may increase or decrease. In other words, similar to Apex's beta indicator, it measures the risk of Apex Resources and helps estimate the fluctuations that may happen in a short period of time. So if prices of Apex Resources fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Apex Resources Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. The company was formerly known as Sultan Minerals Inc. and changed its name to Apex Resources Inc. in July 2016. Apex Resources operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Apex Resources' stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Apex Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Apex Resources' price varies over time.
3 ways to utilize Apex Resources' volatility to invest better
Higher Apex Resources' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Apex Resources stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Apex Resources stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Apex Resources investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Apex Resources' stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Apex Resources' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Apex Resources Investment Opportunity
Apex Resources has a volatility of 11.81 and is 15.75 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Apex Resources is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use Apex Resources to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of Apex Resources to be traded at $0.0495 in 90 days.Modest diversification
The correlation between Apex Resources and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apex Resources and DJI in the same portfolio, assuming nothing else is changed.
Apex Resources Additional Risk Indicators
The analysis of Apex Resources' secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Apex Resources' investment and either accepting that risk or mitigating it. Along with some common measures of Apex Resources pink sheet's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.1235 | |||
| Market Risk Adjusted Performance | 1.1 | |||
| Mean Deviation | 4.69 | |||
| Coefficient Of Variation | 645.06 | |||
| Standard Deviation | 11.81 | |||
| Variance | 139.44 | |||
| Information Ratio | 0.1483 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Apex Resources Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Apex Resources as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Apex Resources' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Apex Resources' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Apex Resources.
Complementary Tools for Apex Pink Sheet analysis
When running Apex Resources' price analysis, check to measure Apex Resources' 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 Apex Resources is operating at the current time. Most of Apex Resources' value examination focuses on studying past and present price action to predict the probability of Apex Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apex Resources' price. Additionally, you may evaluate how the addition of Apex Resources to your portfolios can decrease your overall portfolio volatility.
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