AP Memory (Taiwan) Market Value
| 6531 Stock | 303.50 8.50 2.88% |
| Symbol | 6531 |
AP Memory '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 AP Memory'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 AP Memory.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in AP Memory on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding AP Memory Technology or generate 0.0% return on investment in AP Memory over 30 days. AP Memory is related to or competes with Global Unichip, Alchip Technologies, FocalTech Systems, Asmedia Technology, and Fitipower Integrated. More
AP Memory 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 AP Memory'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 AP Memory Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.62 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.81 |
AP Memory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AP Memory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AP Memory's standard deviation. In reality, there are many statistical measures that can use AP Memory historical prices to predict the future AP Memory's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.08) |
AP Memory Technology Backtested Returns
AP Memory Technology retains Efficiency (Sharpe Ratio) of -0.0366, which signifies that the company had a -0.0366% return per unit of price deviation over the last 3 months. AP Memory exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AP Memory's Market Risk Adjusted Performance of (0.07), variance of 5.71, and Information Ratio of (0.07) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AP Memory's returns are expected to increase less than the market. However, during the bear market, the loss of holding AP Memory is expected to be smaller as well. At this point, AP Memory Technology has a negative expected return of -0.0836%. Please make sure to confirm AP Memory's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if AP Memory Technology performance from the past will be repeated sooner or later.
Auto-correlation | 0.59 |
Modest predictability
AP Memory Technology has modest predictability. Overlapping area represents the amount of predictability between AP Memory time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 AP Memory Technology price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current AP Memory price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 28.89 |
AP Memory Technology lagged returns against current returns
Autocorrelation, which is AP Memory 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 AP Memory's stock expected returns. We can calculate the autocorrelation of AP Memory returns to help us make a trade decision. For example, suppose you find that AP Memory 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 |
AP Memory 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 AP Memory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AP Memory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AP Memory stock over time.
Current vs Lagged Prices |
| Timeline |
AP Memory Lagged Returns
When evaluating AP Memory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AP Memory stock have on its future price. AP Memory 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, AP Memory autocorrelation shows the relationship between AP Memory stock current value and its past values and can show if there is a momentum factor associated with investing in AP Memory Technology.
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.Additional Tools for 6531 Stock Analysis
When running AP Memory's price analysis, check to measure AP Memory's 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 AP Memory is operating at the current time. Most of AP Memory's value examination focuses on studying past and present price action to predict the probability of AP Memory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AP Memory's price. Additionally, you may evaluate how the addition of AP Memory to your portfolios can decrease your overall portfolio volatility.