Aperam Pk Stock Market Value
| APEMY Stock | USD 29.00 0.50 1.75% |
| 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.
| 10/31/2022 |
| 04/23/2024 |
If you would invest 0.00 in Aperam PK on October 31, 2022 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 540 days. Aperam PK is related to or competes with ArcelorMittal, Algoma Steel, Kumba Iron, Synalloy, Acerinox, Algoma Steel, and Friedman Industries. 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.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.57 | |||
| Value At Risk | (7.45) | |||
| Potential Upside | 4.72 |
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 | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aperam PK's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aperam PK Backtested Returns
Aperam PK secures Sharpe Ratio (or Efficiency) of -0.0358, which signifies that the company had a -0.0358% return per unit of standard deviation over the last 3 months. Aperam PK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aperam PK's risk adjusted performance of (0.01), and Mean Deviation of 1.93 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, 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. Aperam PK has an expected return of -0.11%. Please make sure to confirm Aperam PK market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and daily balance of power , to decide if Aperam PK performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Aperam PK has weak predictability. Overlapping area represents the amount of predictability between Aperam PK time series from 31st of October 2022 to 28th of July 2023 and 28th of July 2023 to 23rd of April 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 0.21 indicates that over 21.0% of current Aperam PK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 6.41 |
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 |
Pair Trading with Aperam PK
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aperam PK position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aperam PK will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Aperam PK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aperam PK when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aperam PK - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aperam PK to buy it.
The correlation of Aperam PK is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aperam PK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aperam PK moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aperam PK can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Aperam PK Correlation, Aperam PK Volatility and Aperam PK Alpha and Beta module to complement your research on Aperam PK. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary 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.
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Aperam PK technical pink sheet 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, pink sheet market cycles, or different charting patterns.