Apex Mining (Philippines) Market Value
| APX Stock | 3.59 0.01 0.28% |
| Symbol | Apex |
Apex Mining '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 Apex Mining'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 Apex Mining.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Apex Mining on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Apex Mining Co or generate 0.0% return on investment in Apex Mining over 180 days. Apex Mining is related to or competes with Converge Information, Semirara Mining, Metro Retail, and . More
Apex Mining 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 Apex Mining'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 Apex Mining Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 9.21 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 2.38 |
Apex Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apex Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apex Mining's standard deviation. In reality, there are many statistical measures that can use Apex Mining historical prices to predict the future Apex Mining's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.3761 |
Apex Mining Backtested Returns
Apex Mining secures Sharpe Ratio (or Efficiency) of -0.0983, which signifies that the company had a -0.0983% return per unit of standard deviation over the last 3 months. Apex Mining Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apex Mining's risk adjusted performance of (0.09), and Mean Deviation of 1.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Apex Mining are expected to decrease at a much lower rate. During the bear market, Apex Mining is likely to outperform the market. At this point, Apex Mining has a negative expected return of -0.18%. Please make sure to confirm Apex Mining's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Apex Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Apex Mining Co has poor reverse predictability. Overlapping area represents the amount of predictability between Apex Mining time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Apex Mining price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Apex Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Apex Mining lagged returns against current returns
Autocorrelation, which is Apex Mining 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 Apex Mining's stock expected returns. We can calculate the autocorrelation of Apex Mining returns to help us make a trade decision. For example, suppose you find that Apex Mining 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 |
Apex Mining 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 Apex Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apex Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apex Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Apex Mining Lagged Returns
When evaluating Apex Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apex Mining stock have on its future price. Apex Mining 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, Apex Mining autocorrelation shows the relationship between Apex Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Apex Mining Co.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Apex Stock
Apex Mining financial ratios help investors to determine whether Apex Stock 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 Apex with respect to the benefits of owning Apex Mining security.