APS Holdings (Korea) Market Value
| 054620 Stock | KRW 6,380 20.00 0.31% |
| Symbol | APS |
APS Holdings '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 APS Holdings' 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 APS Holdings.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in APS Holdings on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding APS Holdings or generate 0.0% return on investment in APS Holdings over 90 days. APS Holdings is related to or competes with SM Entertainment, MEDIANA CoLtd, Ssangyong Information, Nable Communications, and Display Tech. APS Holdings Corporation, through its subsidiaries, manufactures and sells semiconductors, display manufacturing, and co... More
APS Holdings 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 APS Holdings' 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 APS Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.0924 | |||
| Maximum Drawdown | 15.98 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 6.8 |
APS Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for APS Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as APS Holdings' standard deviation. In reality, there are many statistical measures that can use APS Holdings historical prices to predict the future APS Holdings' volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.2018 | |||
| Total Risk Alpha | 0.5782 | |||
| Sortino Ratio | 0.1125 | |||
| Treynor Ratio | 1.05 |
APS Holdings Backtested Returns
At this point, APS Holdings is very steady. APS Holdings secures Sharpe Ratio (or Efficiency) of 0.0622, which signifies that the company had a 0.0622 % return per unit of risk over the last 3 months. We have found thirty technical indicators for APS Holdings, which you can use to evaluate the volatility of the firm. Please confirm APS Holdings' risk adjusted performance of 0.0604, and Mean Deviation of 2.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. APS Holdings has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, APS Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding APS Holdings is expected to be smaller as well. APS Holdings currently shows a risk of 2.99%. Please confirm APS Holdings coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if APS Holdings will be following its price patterns.
Auto-correlation | -0.86 |
Excellent reverse predictability
APS Holdings has excellent reverse predictability. Overlapping area represents the amount of predictability between APS Holdings time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of APS Holdings price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current APS Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 329.5 K |
APS Holdings lagged returns against current returns
Autocorrelation, which is APS Holdings 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 APS Holdings' stock expected returns. We can calculate the autocorrelation of APS Holdings returns to help us make a trade decision. For example, suppose you find that APS Holdings 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 |
APS Holdings 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 APS Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APS Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APS Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
APS Holdings Lagged Returns
When evaluating APS Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of APS Holdings stock have on its future price. APS Holdings 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, APS Holdings autocorrelation shows the relationship between APS Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in APS Holdings.
Regressed Prices |
| Timeline |
Pair Trading with APS Holdings
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 APS Holdings 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 APS Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with APS Stock
Moving against APS Stock
| 0.68 | 105560 | KB Financial Group | PairCorr |
| 0.54 | 055550 | Shinhan Financial | PairCorr |
| 0.42 | 005380 | Hyundai Motor | PairCorr |
The ability to find closely correlated positions to APS Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace APS Holdings 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 APS Holdings - 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 APS Holdings to buy it.
The correlation of APS Holdings 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 APS Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if APS Holdings 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 APS Holdings 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 APS Stock
APS Holdings financial ratios help investors to determine whether APS 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 APS with respect to the benefits of owning APS Holdings security.