ApplyDirect (Australia) Market Value
| AD1 Stock | 0.05 0 3.77% |
| Symbol | ApplyDirect |
ApplyDirect '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 ApplyDirect'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 ApplyDirect.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in ApplyDirect on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding ApplyDirect or generate 0.0% return on investment in ApplyDirect over 180 days. ApplyDirect is related to or competes with Encounter Resources, and Peel Mining. ApplyDirect is entity of Australia. It is traded as Stock on AU exchange. More
ApplyDirect 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 ApplyDirect'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 ApplyDirect upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.07 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 40.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
ApplyDirect Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ApplyDirect's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ApplyDirect's standard deviation. In reality, there are many statistical measures that can use ApplyDirect historical prices to predict the future ApplyDirect's volatility.| Risk Adjusted Performance | 0.0205 | |||
| Jensen Alpha | 0.1772 | |||
| Total Risk Alpha | (1.21) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.20) |
ApplyDirect Backtested Returns
ApplyDirect appears to be out of control, given 3 months investment horizon. ApplyDirect secures Sharpe Ratio (or Efficiency) of 0.049, which signifies that the company had a 0.049% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ApplyDirect, which you can use to evaluate the volatility of the firm. Please makes use of ApplyDirect's Mean Deviation of 3.51, downside deviation of 16.07, and Risk Adjusted Performance of 0.0205 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ApplyDirect holds a performance score of 3. The firm shows a Beta (market volatility) of -0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ApplyDirect are expected to decrease at a much lower rate. During the bear market, ApplyDirect is likely to outperform the market. Please check ApplyDirect's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether ApplyDirect's price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
ApplyDirect has very weak reverse predictability. Overlapping area represents the amount of predictability between ApplyDirect time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 ApplyDirect price movement. The serial correlation of -0.07 indicates that barely 7.0% of current ApplyDirect price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ApplyDirect lagged returns against current returns
Autocorrelation, which is ApplyDirect 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 ApplyDirect's stock expected returns. We can calculate the autocorrelation of ApplyDirect returns to help us make a trade decision. For example, suppose you find that ApplyDirect 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 |
ApplyDirect 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 ApplyDirect stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ApplyDirect stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ApplyDirect stock over time.
Current vs Lagged Prices |
| Timeline |
ApplyDirect Lagged Returns
When evaluating ApplyDirect's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ApplyDirect stock have on its future price. ApplyDirect 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, ApplyDirect autocorrelation shows the relationship between ApplyDirect stock current value and its past values and can show if there is a momentum factor associated with investing in ApplyDirect.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ApplyDirect Stock Analysis
When running ApplyDirect's price analysis, check to measure ApplyDirect'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 ApplyDirect is operating at the current time. Most of ApplyDirect's value examination focuses on studying past and present price action to predict the probability of ApplyDirect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ApplyDirect's price. Additionally, you may evaluate how the addition of ApplyDirect to your portfolios can decrease your overall portfolio volatility.