APEX International (Taiwan) Market Value
| 5210 Stock | TWD 30.10 0.20 0.67% |
| Symbol | APEX |
APEX International '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 APEX International'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 APEX International.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in APEX International on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding APEX International Financial or generate 0.0% return on investment in APEX International over 30 days. APEX International is related to or competes with YuantaP Shares, YuantaP Shares, YuantaP Shares, and Fubon MSCI. More
APEX International 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 APEX International'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 APEX International Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | 0.0766 | |||
| Maximum Drawdown | 15.55 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 9.88 |
APEX International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for APEX International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as APEX International's standard deviation. In reality, there are many statistical measures that can use APEX International historical prices to predict the future APEX International's volatility.| Risk Adjusted Performance | 0.0908 | |||
| Jensen Alpha | 0.3412 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.1154 | |||
| Treynor Ratio | 1.2 |
APEX International Backtested Returns
APEX International appears to be not too volatile, given 3 months investment horizon. APEX International secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for APEX International Financial, which you can use to evaluate the volatility of the firm. Please makes use of APEX International's Downside Deviation of 2.34, risk adjusted performance of 0.0908, and Mean Deviation of 2.43 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, APEX International holds a performance score of 10. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, APEX International's returns are expected to increase less than the market. However, during the bear market, the loss of holding APEX International is expected to be smaller as well. Please check APEX International's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether APEX International's price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
APEX International Financial has modest reverse predictability. Overlapping area represents the amount of predictability between APEX International time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 APEX International price movement. The serial correlation of -0.48 indicates that about 48.0% of current APEX International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
APEX International lagged returns against current returns
Autocorrelation, which is APEX International 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 APEX International's stock expected returns. We can calculate the autocorrelation of APEX International returns to help us make a trade decision. For example, suppose you find that APEX International 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 |
APEX International 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 APEX International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APEX International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APEX International stock over time.
Current vs Lagged Prices |
| Timeline |
APEX International Lagged Returns
When evaluating APEX International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of APEX International stock have on its future price. APEX International 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, APEX International autocorrelation shows the relationship between APEX International stock current value and its past values and can show if there is a momentum factor associated with investing in APEX International Financial.
Regressed Prices |
| Timeline |
Pair Trading with APEX International
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 APEX International 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 APEX International will appreciate offsetting losses from the drop in the long position's value.Moving together with APEX Stock
Moving against APEX Stock
The ability to find closely correlated positions to APEX International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace APEX International 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 APEX International - 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 APEX International Financial to buy it.
The correlation of APEX International 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 APEX International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if APEX International 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 APEX International 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.Additional Tools for APEX Stock Analysis
When running APEX International's price analysis, check to measure APEX International's 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 International is operating at the current time. Most of APEX International's value examination focuses on studying past and present price action to predict the probability of APEX International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move APEX International's price. Additionally, you may evaluate how the addition of APEX International to your portfolios can decrease your overall portfolio volatility.