APL Apollo (India) Market Value
| APLAPOLLO | 1,468 15.00 1.01% |
| Symbol | APL |
APL Apollo '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 APL Apollo'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 APL Apollo.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in APL Apollo on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding APL Apollo Tubes or generate 0.0% return on investment in APL Apollo over 60 days. APL Apollo is related to or competes with Tamilnadu Telecommunicatio, Chambal Fertilizers, Vishnu Chemicals, Mangalore Chemicals, DMCC SPECIALITY, Tata Chemicals, and Biofil Chemicals. APL Apollo is entity of India. It is traded as Stock on NSE exchange. More
APL Apollo 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 APL Apollo'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 APL Apollo Tubes upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.35 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.75 |
APL Apollo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for APL Apollo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as APL Apollo's standard deviation. In reality, there are many statistical measures that can use APL Apollo historical prices to predict the future APL Apollo's volatility.| Risk Adjusted Performance | 0.0268 | |||
| Jensen Alpha | (0.0006) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1135 |
APL Apollo Tubes Backtested Returns
As of now, APL Stock is very steady. APL Apollo Tubes secures Sharpe Ratio (or Efficiency) of 0.0339, which signifies that the company had a 0.0339% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for APL Apollo Tubes, which you can use to evaluate the volatility of the firm. Please confirm APL Apollo's Semi Deviation of 1.39, mean deviation of 1.33, and Risk Adjusted Performance of 0.0268 to double-check if the risk estimate we provide is consistent with the expected return of 0.055%. APL Apollo has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, APL Apollo's returns are expected to increase less than the market. However, during the bear market, the loss of holding APL Apollo is expected to be smaller as well. APL Apollo Tubes now shows a risk of 1.62%. Please confirm APL Apollo Tubes total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if APL Apollo Tubes will be following its price patterns.
Auto-correlation | 0.54 |
Modest predictability
APL Apollo Tubes has modest predictability. Overlapping area represents the amount of predictability between APL Apollo time series from 30th of September 2024 to 30th of October 2024 and 30th 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 APL Apollo Tubes price movement. The serial correlation of 0.54 indicates that about 54.0% of current APL Apollo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1100.78 |
APL Apollo Tubes lagged returns against current returns
Autocorrelation, which is APL Apollo 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 APL Apollo's stock expected returns. We can calculate the autocorrelation of APL Apollo returns to help us make a trade decision. For example, suppose you find that APL Apollo 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 |
APL Apollo 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 APL Apollo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APL Apollo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APL Apollo stock over time.
Current vs Lagged Prices |
| Timeline |
APL Apollo Lagged Returns
When evaluating APL Apollo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of APL Apollo stock have on its future price. APL Apollo 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, APL Apollo autocorrelation shows the relationship between APL Apollo stock current value and its past values and can show if there is a momentum factor associated with investing in APL Apollo Tubes.
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.Other Information on Investing in APL Stock
APL Apollo financial ratios help investors to determine whether APL Stock 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 APL with respect to the benefits of owning APL Apollo security.