Apa Corporation Stock Market Value
| APA Stock | USD 22.52 0.15 0.66% |
| Symbol | APA |
APA Corporation Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of APA. If investors know APA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about APA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.186 | Dividend Share 1 | Earnings Share 7.04 | Revenue Per Share 26.553 | Quarterly Revenue Growth 0.104 |
The market value of APA Corporation is measured differently than its book value, which is the value of APA that is recorded on the company's balance sheet. Investors also form their own opinion of APA's value that differs from its market value or its book value, called intrinsic value, which is APA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because APA's market value can be influenced by many factors that don't directly affect APA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between APA's value and its price as these two are different measures arrived at by different means. Investors typically determine if APA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, APA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
APA '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 APA'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 APA.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in APA on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding APA Corporation or generate 0.0% return on investment in APA over 90 days. APA is related to or competes with Devon Energy, ConocoPhillips, Diamondback Energy, Occidental Petroleum, Hess, Permian Resources, and EOG Resources. APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties More
APA 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 APA'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 APA Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 17.3 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 3.31 |
APA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for APA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as APA's standard deviation. In reality, there are many statistical measures that can use APA historical prices to predict the future APA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.31) |
APA Corporation Backtested Returns
APA Corporation retains Efficiency (Sharpe Ratio) of -0.081, which signifies that the company had a -0.081% return per unit of risk over the last 3 months. APA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm APA's market risk adjusted performance of (0.30), and Variance of 7.77 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.0, which signifies possible diversification benefits within a given portfolio. APA returns are very sensitive to returns on the market. As the market goes up or down, APA is expected to follow. At this point, APA Corporation has a negative expected return of -0.22%. Please make sure to confirm APA's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if APA Corporation performance from the past will be repeated in the future.
Auto-correlation | -0.34 |
Poor reverse predictability
APA Corporation has poor reverse predictability. Overlapping area represents the amount of predictability between APA time series from 31st of August 2024 to 15th of October 2024 and 15th of October 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 APA Corporation price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current APA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
APA Corporation lagged returns against current returns
Autocorrelation, which is APA 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 APA's stock expected returns. We can calculate the autocorrelation of APA returns to help us make a trade decision. For example, suppose you find that APA 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 |
APA 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 APA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APA stock over time.
Current vs Lagged Prices |
| Timeline |
APA Lagged Returns
When evaluating APA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of APA stock have on its future price. APA 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, APA autocorrelation shows the relationship between APA stock current value and its past values and can show if there is a momentum factor associated with investing in APA Corporation.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether APA Corporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of APA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Apa Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Apa Corporation Stock:Check out APA Correlation, APA Volatility and APA Alpha and Beta module to complement your research on APA. You can also try the Stocks Directory module to find actively traded stocks across global markets.
APA technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.