Apiam Animal (Australia) Market Value
| AHX Stock | 0.42 0.01 2.33% |
| Symbol | Apiam |
Apiam Animal '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 Apiam Animal'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 Apiam Animal.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in Apiam Animal on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding Apiam Animal Health or generate 0.0% return on investment in Apiam Animal over 30 days. Apiam Animal is related to or competes with Aurelia Metals, Viva Leisure, and Falcon Metals. Apiam Animal is entity of Australia. It is traded as Stock on AU exchange. More
Apiam Animal 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 Apiam Animal'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 Apiam Animal Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.7 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 4.88 |
Apiam Animal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apiam Animal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apiam Animal's standard deviation. In reality, there are many statistical measures that can use Apiam Animal historical prices to predict the future Apiam Animal's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.5997 |
Apiam Animal Health Backtested Returns
Apiam Animal Health secures Sharpe Ratio (or Efficiency) of -0.0446, which signifies that the company had a -0.0446 % return per unit of risk over the last 3 months. Apiam Animal Health exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apiam Animal's Risk Adjusted Performance of (0.04), standard deviation of 3.11, and Mean Deviation of 2.27 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Apiam Animal are expected to decrease at a much lower rate. During the bear market, Apiam Animal is likely to outperform the market. At this point, Apiam Animal Health has a negative expected return of -0.14%. Please make sure to confirm Apiam Animal's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Apiam Animal Health performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Apiam Animal Health has average predictability. Overlapping area represents the amount of predictability between Apiam Animal time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th of February 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 Apiam Animal Health price movement. The serial correlation of 0.47 indicates that about 47.0% of current Apiam Animal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Apiam Animal Health lagged returns against current returns
Autocorrelation, which is Apiam Animal 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 Apiam Animal's stock expected returns. We can calculate the autocorrelation of Apiam Animal returns to help us make a trade decision. For example, suppose you find that Apiam Animal 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 |
Apiam Animal 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 Apiam Animal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apiam Animal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apiam Animal stock over time.
Current vs Lagged Prices |
| Timeline |
Apiam Animal Lagged Returns
When evaluating Apiam Animal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apiam Animal stock have on its future price. Apiam Animal 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, Apiam Animal autocorrelation shows the relationship between Apiam Animal stock current value and its past values and can show if there is a momentum factor associated with investing in Apiam Animal Health.
Regressed Prices |
| Timeline |
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Additional Tools for Apiam Stock Analysis
When running Apiam Animal's price analysis, check to measure Apiam Animal'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 Apiam Animal is operating at the current time. Most of Apiam Animal's value examination focuses on studying past and present price action to predict the probability of Apiam Animal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apiam Animal's price. Additionally, you may evaluate how the addition of Apiam Animal to your portfolios can decrease your overall portfolio volatility.