APA (Australia) Market Value
| APA Stock | 7.31 0.05 0.68% |
| Symbol | APA |
APA '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 APA'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 APA.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in APA on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding APA Group or generate 0.0% return on investment in APA over 390 days. APA is related to or competes with Aurelia Metals, Perseus Mining, and WiseTech Global. APA is entity of Australia. It is traded as Stock on AU exchange. More
APA 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 APA'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 APA Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.85 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 1.79 |
APA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for APA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as APA's standard deviation. In reality, there are many statistical measures that can use APA historical prices to predict the future APA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.1945 |
APA Group Backtested Returns
APA Group retains Efficiency (Sharpe Ratio) of -0.0249, which signifies that the company had a -0.0249% return per unit of risk over the last 3 months. APA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm APA's market risk adjusted performance of 0.2045, and Variance of 1.84 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning APA are expected to decrease at a much lower rate. During the bear market, APA is likely to outperform the market. At this point, APA Group has a negative expected return of -0.034%. Please make sure to confirm APA's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if APA Group performance from the past will be repeated in the future.
Auto-correlation | -0.26 |
Weak reverse predictability
APA Group has weak reverse predictability. Overlapping area represents the amount of predictability between APA time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 APA Group price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current APA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
APA Group lagged returns against current returns
Autocorrelation, which is APA 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 APA's stock expected returns. We can calculate the autocorrelation of APA returns to help us make a trade decision. For example, suppose you find that APA 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 |
APA 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 APA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APA stock over time.
Current vs Lagged Prices |
| Timeline |
APA Lagged Returns
When evaluating APA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of APA stock have on its future price. APA 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, APA autocorrelation shows the relationship between APA stock current value and its past values and can show if there is a momentum factor associated with investing in APA Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for APA Stock Analysis
When running APA's price analysis, check to measure APA'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 APA is operating at the current time. Most of APA's value examination focuses on studying past and present price action to predict the probability of APA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move APA's price. Additionally, you may evaluate how the addition of APA to your portfolios can decrease your overall portfolio volatility.