Apollo Bancorp Stock Market Value
| APLO Stock | USD 37.00 0.50 1.37% |
| Symbol | Apollo |
Apollo Bancorp '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 Apollo Bancorp'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 Apollo Bancorp.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Apollo Bancorp on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Apollo Bancorp or generate 0.0% return on investment in Apollo Bancorp over 30 days. Apollo Bancorp is related to or competes with First Hawaiian, Central Pacific, Territorial Bancorp, Comerica, Bank of Hawaii, Lloyds Banking, and Zions Bancorporation. Apollo Bancorp, Inc. operates as the bank holding company for Apollo Trust Company that provides banking products and se... More
Apollo Bancorp 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 Apollo Bancorp'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 Apollo Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 17.91 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.37 |
Apollo Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apollo Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apollo Bancorp's standard deviation. In reality, there are many statistical measures that can use Apollo Bancorp historical prices to predict the future Apollo Bancorp's volatility.| Risk Adjusted Performance | 0.0364 | |||
| Jensen Alpha | 0.0952 | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.20) |
Apollo Bancorp Backtested Returns
Apollo Bancorp secures Sharpe Ratio (or Efficiency) of -0.0702, which signifies that the company had a -0.0702% return per unit of risk over the last 3 months. Apollo Bancorp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apollo Bancorp's Risk Adjusted Performance of 0.0364, mean deviation of 0.4868, and Standard Deviation of 1.67 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Apollo Bancorp are expected to decrease at a much lower rate. During the bear market, Apollo Bancorp is likely to outperform the market. At this point, Apollo Bancorp has a negative expected return of -0.0727%. Please make sure to confirm Apollo Bancorp's variance, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Apollo Bancorp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Apollo Bancorp has good predictability. Overlapping area represents the amount of predictability between Apollo Bancorp time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Apollo Bancorp price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Apollo Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Apollo Bancorp lagged returns against current returns
Autocorrelation, which is Apollo Bancorp 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 Apollo Bancorp's pink sheet expected returns. We can calculate the autocorrelation of Apollo Bancorp returns to help us make a trade decision. For example, suppose you find that Apollo Bancorp 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 |
Apollo Bancorp 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 Apollo Bancorp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apollo Bancorp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apollo Bancorp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Apollo Bancorp Lagged Returns
When evaluating Apollo Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apollo Bancorp pink sheet have on its future price. Apollo Bancorp 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, Apollo Bancorp autocorrelation shows the relationship between Apollo Bancorp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Apollo Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with Apollo Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Apollo Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Apollo Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving against Apollo Pink Sheet
| 0.64 | PNC | PNC Financial Services Sell-off Trend | PairCorr |
| 0.57 | TRCA | Twin Ridge Capital | PairCorr |
| 0.55 | CWST | Casella Waste Systems | PairCorr |
| 0.53 | ARTE | Artemis Strategic | PairCorr |
| 0.44 | USB-PH | US Bancorp | PairCorr |
The ability to find closely correlated positions to Apollo Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apollo Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Apollo Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Apollo Bancorp to buy it.
The correlation of Apollo Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apollo Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apollo Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Apollo Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Apollo Pink Sheet
Apollo Bancorp financial ratios help investors to determine whether Apollo 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 Apollo with respect to the benefits of owning Apollo Bancorp security.