Apa Group Stock Market Value
| APAJF Stock | USD 4.73 0.17 3.73% |
| Symbol | APA |
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 pink sheet 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.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in APA on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding APA Group or generate 0.0% return on investment in APA over 720 days. APA is related to or competes with NiSource, NewJersey Resources, Northwest Natural, UGI, and Spire. APA Group engages in energy infrastructure business in Australia 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 pink sheet 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 Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.43 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 25.33 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 9.0 |
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 | 0.0198 | |||
| Jensen Alpha | 0.2612 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.04) |
APA Group Backtested Returns
At this point, APA is risky. APA Group retains Efficiency (Sharpe Ratio) of 0.0222, which signifies that the company had a 0.0222% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for APA, which you can use to evaluate the volatility of the firm. Please confirm APA's coefficient of variation of 6508.63, and Market Risk Adjusted Performance of (0.03) to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. APA has a performance score of 1 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -1.89, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning APA are expected to decrease by larger amounts. On the other hand, during market turmoil, APA is expected to outperform it. APA Group at this time owns a risk of 5.21%. Please confirm APA Group sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to decide if APA Group will be following its current price history.
Auto-correlation | 0.43 |
Average predictability
APA Group has average predictability. Overlapping area represents the amount of predictability between APA time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 APA Group price movement. The serial correlation of 0.43 indicates that just about 43.0% of current APA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
APA Group lagged returns against current returns
Autocorrelation, which is APA pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APA pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in APA Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in APA Pink Sheet
APA financial ratios help investors to determine whether APA Pink Sheet 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 APA with respect to the benefits of owning APA security.