Apcotex Industries (India) Market Value
| APCOTEXIND | 321.35 4.20 1.32% |
| Symbol | Apcotex |
Apcotex Industries '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 Apcotex Industries' 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 Apcotex Industries.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in Apcotex Industries on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Apcotex Industries Limited or generate 0.0% return on investment in Apcotex Industries over 90 days. Apcotex Industries is related to or competes with Paramount Communications, FCS Software, ROUTE MOBILE, Selan Exploration, Syrma SGS, and LT Technology. More
Apcotex Industries 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 Apcotex Industries' 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 Apcotex Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.19 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 3.01 |
Apcotex Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apcotex Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apcotex Industries' standard deviation. In reality, there are many statistical measures that can use Apcotex Industries historical prices to predict the future Apcotex Industries' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.3949 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Apcotex Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Apcotex Industries Backtested Returns
Apcotex Industries secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11 % return per unit of standard deviation over the last 3 months. Apcotex Industries Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apcotex Industries' risk adjusted performance of (0.09), and Mean Deviation of 1.65 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Apcotex Industries are expected to decrease at a much lower rate. During the bear market, Apcotex Industries is likely to outperform the market. At this point, Apcotex Industries has a negative expected return of -0.26%. Please make sure to confirm Apcotex Industries' potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Apcotex Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Apcotex Industries Limited has very good predictability. Overlapping area represents the amount of predictability between Apcotex Industries time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th 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 Apcotex Industries price movement. The serial correlation of 0.85 indicates that around 85.0% of current Apcotex Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 308.37 |
Apcotex Industries lagged returns against current returns
Autocorrelation, which is Apcotex Industries 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 Apcotex Industries' stock expected returns. We can calculate the autocorrelation of Apcotex Industries returns to help us make a trade decision. For example, suppose you find that Apcotex Industries 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 |
Apcotex Industries 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 Apcotex Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apcotex Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apcotex Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Apcotex Industries Lagged Returns
When evaluating Apcotex Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apcotex Industries stock have on its future price. Apcotex Industries 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, Apcotex Industries autocorrelation shows the relationship between Apcotex Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Apcotex Industries Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Apcotex Stock Analysis
When running Apcotex Industries' price analysis, check to measure Apcotex Industries' 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 Apcotex Industries is operating at the current time. Most of Apcotex Industries' value examination focuses on studying past and present price action to predict the probability of Apcotex Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apcotex Industries' price. Additionally, you may evaluate how the addition of Apcotex Industries to your portfolios can decrease your overall portfolio volatility.