Advanced Pharmaceutical (Egypt) Market Value
| APPC Stock | 2.33 0.00 0.00% |
| Symbol | Advanced |
Advanced Pharmaceutical '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 Advanced Pharmaceutical'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 Advanced Pharmaceutical.
| 09/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Advanced Pharmaceutical on September 19, 2024 and sell it all today you would earn a total of 0.00 from holding Advanced Pharmaceutical Packaging or generate 0.0% return on investment in Advanced Pharmaceutical over 90 days.
Advanced Pharmaceutical 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 Advanced Pharmaceutical'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 Advanced Pharmaceutical Packaging upside and downside potential and time the market with a certain degree of confidence.
Advanced Pharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use Advanced Pharmaceutical historical prices to predict the future Advanced Pharmaceutical's volatility.Advanced Pharmaceutical Backtested Returns
We have found three technical indicators for Advanced Pharmaceutical Packaging, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Advanced Pharmaceutical are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Advanced Pharmaceutical Packaging has perfect predictability. Overlapping area represents the amount of predictability between Advanced Pharmaceutical time series from 19th of September 2024 to 3rd of November 2024 and 3rd of November 2024 to 18th 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 Advanced Pharmaceutical price movement. The serial correlation of 1.0 indicates that 100.0% of current Advanced Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Advanced Pharmaceutical lagged returns against current returns
Autocorrelation, which is Advanced Pharmaceutical 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 Advanced Pharmaceutical's stock expected returns. We can calculate the autocorrelation of Advanced Pharmaceutical returns to help us make a trade decision. For example, suppose you find that Advanced Pharmaceutical 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 |
Advanced Pharmaceutical 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 Advanced Pharmaceutical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Pharmaceutical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Pharmaceutical stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Pharmaceutical Lagged Returns
When evaluating Advanced Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Pharmaceutical stock have on its future price. Advanced Pharmaceutical 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, Advanced Pharmaceutical autocorrelation shows the relationship between Advanced Pharmaceutical stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Pharmaceutical Packaging.
Regressed Prices |
| Timeline |