APT Medical (China) Market Value
| 688617 Stock | 352.15 2.87 0.81% |
| Symbol | APT |
APT Medical '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 APT Medical'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 APT Medical.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in APT Medical on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding APT Medical or generate 0.0% return on investment in APT Medical over 30 days. APT Medical is related to or competes with PetroChina, China Mobile, Ping An, China Petroleum, China Telecom, Kweichow Moutai, and China Life. APT Medical is entity of China. It is traded as Stock on SHG exchange. More
APT Medical 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 APT Medical'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 APT Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 31.11 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 4.28 |
APT Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for APT Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as APT Medical's standard deviation. In reality, there are many statistical measures that can use APT Medical historical prices to predict the future APT Medical's volatility.| Risk Adjusted Performance | 0.0256 | |||
| Jensen Alpha | 0.0916 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.64) |
APT Medical Backtested Returns
At this point, APT Medical is very steady. APT Medical secures Sharpe Ratio (or Efficiency) of 0.0282, which signifies that the company had a 0.0282% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for APT Medical, which you can use to evaluate the volatility of the firm. Please confirm APT Medical's risk adjusted performance of 0.0256, and Mean Deviation of 2.43 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. APT Medical has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning APT Medical are expected to decrease at a much lower rate. During the bear market, APT Medical is likely to outperform the market. APT Medical currently shows a risk of 4.04%. Please confirm APT Medical total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if APT Medical will be following its price patterns.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
APT Medical has almost perfect reverse predictability. Overlapping area represents the amount of predictability between APT Medical time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 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 APT Medical price movement. The serial correlation of -0.78 indicates that around 78.0% of current APT Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 116.44 |
APT Medical lagged returns against current returns
Autocorrelation, which is APT Medical 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 APT Medical's stock expected returns. We can calculate the autocorrelation of APT Medical returns to help us make a trade decision. For example, suppose you find that APT Medical 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 |
APT Medical 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 APT Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APT Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APT Medical stock over time.
Current vs Lagged Prices |
| Timeline |
APT Medical Lagged Returns
When evaluating APT Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of APT Medical stock have on its future price. APT Medical 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, APT Medical autocorrelation shows the relationship between APT Medical stock current value and its past values and can show if there is a momentum factor associated with investing in APT Medical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in APT Stock
APT Medical financial ratios help investors to determine whether APT 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 APT with respect to the benefits of owning APT Medical security.