Atlas Engineered Products Stock Market Value
| APEUF Stock | USD 0.82 0.06 6.82% |
| Symbol | Atlas |
Atlas Engineered '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 Atlas Engineered's pink sheet 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 Atlas Engineered.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Atlas Engineered on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Atlas Engineered Products or generate 0.0% return on investment in Atlas Engineered over 90 days. Atlas Engineered is related to or competes with Travis Perkins, Antelope Enterprise, Intelligent Living, Beacon Roofing, Armstrong World, Quanex Building, and Apogee Enterprises. Atlas Engineered Products Ltd. designs, manufactures, and sells engineered roof trusses, floor trusses, wall panels, and... More
Atlas Engineered 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 Atlas Engineered's pink sheet 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 Atlas Engineered Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 28.22 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 5.56 |
Atlas Engineered Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Engineered's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Engineered's standard deviation. In reality, there are many statistical measures that can use Atlas Engineered historical prices to predict the future Atlas Engineered's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 0.303 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlas Engineered's 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.
Atlas Engineered Products Backtested Returns
Atlas Engineered Products secures Sharpe Ratio (or Efficiency) of -0.0339, which signifies that the company had a -0.0339% return per unit of risk over the last 3 months. Atlas Engineered Products exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlas Engineered's Standard Deviation of 4.23, insignificant risk adjusted performance, and Mean Deviation of 2.5 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Atlas Engineered are expected to decrease at a much lower rate. During the bear market, Atlas Engineered is likely to outperform the market. At this point, Atlas Engineered Products has a negative expected return of -0.14%. Please make sure to confirm Atlas Engineered's maximum drawdown and the relationship between the kurtosis and relative strength index , to decide if Atlas Engineered Products performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Atlas Engineered Products has very weak predictability. Overlapping area represents the amount of predictability between Atlas Engineered time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Atlas Engineered Products price movement. The serial correlation of 0.19 indicates that over 19.0% of current Atlas Engineered price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Atlas Engineered Products lagged returns against current returns
Autocorrelation, which is Atlas Engineered pink sheet'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 Atlas Engineered's pink sheet expected returns. We can calculate the autocorrelation of Atlas Engineered returns to help us make a trade decision. For example, suppose you find that Atlas Engineered has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Atlas Engineered 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 Atlas Engineered pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Engineered pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Engineered pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Atlas Engineered Lagged Returns
When evaluating Atlas Engineered's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Engineered pink sheet have on its future price. Atlas Engineered 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, Atlas Engineered autocorrelation shows the relationship between Atlas Engineered pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Atlas Engineered Products.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Atlas Pink Sheet
Atlas Engineered financial ratios help investors to determine whether Atlas Pink Sheet 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 Atlas with respect to the benefits of owning Atlas Engineered security.