Aperam Pk Stock Market Value
| APEMY Stock | USD 29.10 0.00 0.00% |
| Symbol | Aperam |
Aperam PK '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 PK'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 Aperam PK.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Aperam PK on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Aperam PK or generate 0.0% return on investment in Aperam PK over 30 days. Aperam PK is related to or competes with Ta Chen, Gerdau SA, Gerdau SA, Nucor Corp, ArcelorMittal, Steel Dynamics, and ArcelorMittal. Aperam S.A., together with its subsidiaries, engages in the production and sale of stainless and specialty steel product... More
Aperam PK 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 PK'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 Aperam PK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | 4.0E-4 | |||
| Maximum Drawdown | 16.16 | |||
| Value At Risk | (6.14) | |||
| Potential Upside | 5.0 |
Aperam PK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aperam PK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aperam PK's standard deviation. In reality, there are many statistical measures that can use Aperam PK historical prices to predict the future Aperam PK's volatility.| Risk Adjusted Performance | 0.0359 | |||
| Jensen Alpha | 0.0817 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 3.0E-4 | |||
| Treynor Ratio | 0.474 |
Aperam PK Backtested Returns
Aperam PK appears to be not too volatile, given 3 months investment horizon. Aperam PK secures Sharpe Ratio (or Efficiency) of 0.0774, which signifies that the company had a 0.0774% return per unit of standard deviation over the last 3 months. We have found twenty-five technical indicators for Aperam PK, which you can use to evaluate the volatility of the firm. Please makes use of Aperam PK's mean deviation of 1.99, and Risk Adjusted Performance of 0.0359 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aperam PK holds a performance score of 6. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aperam PK's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aperam PK is expected to be smaller as well. Please check Aperam PK's jensen alpha, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Aperam PK's price patterns will revert.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Aperam PK has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Aperam PK time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 PK price movement. The serial correlation of -0.79 indicates that around 79.0% of current Aperam PK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Aperam PK lagged returns against current returns
Autocorrelation, which is Aperam PK 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 Aperam PK's pink sheet expected returns. We can calculate the autocorrelation of Aperam PK returns to help us make a trade decision. For example, suppose you find that Aperam PK 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 |
Aperam PK 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 PK pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aperam PK pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aperam PK pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aperam PK Lagged Returns
When evaluating Aperam PK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aperam PK pink sheet have on its future price. Aperam PK 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 PK autocorrelation shows the relationship between Aperam PK pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aperam PK.
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 Aperam Pink Sheet Analysis
When running Aperam PK's price analysis, check to measure Aperam PK'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 PK is operating at the current time. Most of Aperam PK's value examination focuses on studying past and present price action to predict the probability of Aperam PK'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 PK's price. Additionally, you may evaluate how the addition of Aperam PK to your portfolios can decrease your overall portfolio volatility.