Aperam SA (Netherlands) Market Value
| APAM Stock | EUR 27.16 0.08 0.29% |
| Symbol | Aperam |
Aperam SA '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 Aperam SA'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 Aperam SA.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Aperam SA on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Aperam SA or generate 0.0% return on investment in Aperam SA over 30 days. Aperam SA is related to or competes with ArcelorMittal, NN Group, SBM Offshore, BE Semiconductor, and Aalberts Industries. Aperam S.A., through its subsidiaries, produces and sells stainless and specialty steel products worldwide More
Aperam SA 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 Aperam SA'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 Aperam SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.0034 | |||
| Maximum Drawdown | 9.34 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 3.72 |
Aperam SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aperam SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aperam SA's standard deviation. In reality, there are many statistical measures that can use Aperam SA historical prices to predict the future Aperam SA's volatility.| Risk Adjusted Performance | 0.0638 | |||
| Jensen Alpha | 0.1209 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0036 | |||
| Treynor Ratio | 1.3 |
Aperam SA Backtested Returns
Currently, Aperam SA is very steady. Aperam SA secures Sharpe Ratio (or Efficiency) of 0.0694, which signifies that the company had a 0.0694% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Aperam SA, which you can use to evaluate the volatility of the firm. Please confirm Aperam SA's risk adjusted performance of 0.0638, and Mean Deviation of 1.36 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Aperam SA has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aperam SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aperam SA is expected to be smaller as well. Aperam SA right now shows a risk of 1.9%. Please confirm Aperam SA downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Aperam SA will be following its price patterns.
Auto-correlation | -0.85 |
Excellent reverse predictability
Aperam SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Aperam SA time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Aperam SA price movement. The serial correlation of -0.85 indicates that around 85.0% of current Aperam SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Aperam SA lagged returns against current returns
Autocorrelation, which is Aperam SA 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 Aperam SA's stock expected returns. We can calculate the autocorrelation of Aperam SA returns to help us make a trade decision. For example, suppose you find that Aperam SA 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 |
Aperam SA 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 Aperam SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aperam SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aperam SA stock over time.
Current vs Lagged Prices |
| Timeline |
Aperam SA Lagged Returns
When evaluating Aperam SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aperam SA stock have on its future price. Aperam SA 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, Aperam SA autocorrelation shows the relationship between Aperam SA stock current value and its past values and can show if there is a momentum factor associated with investing in Aperam SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Aperam Stock Analysis
When running Aperam SA's price analysis, check to measure Aperam SA'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 Aperam SA is operating at the current time. Most of Aperam SA's value examination focuses on studying past and present price action to predict the probability of Aperam SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aperam SA's price. Additionally, you may evaluate how the addition of Aperam SA to your portfolios can decrease your overall portfolio volatility.