Atlas Engineered Products Stock Market Value
| APEUF Stock | USD 1.02 0.01 0.97% |
| Symbol | Atlas |
Atlas Engineered '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 Atlas Engineered'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 Atlas Engineered.
| 06/30/2022 |
| 06/19/2024 |
If you would invest 0.00 in Atlas Engineered on June 30, 2022 and sell it all today you would earn a total of 0.00 from holding Atlas Engineered Products or generate 0.0% return on investment in Atlas Engineered over 720 days. Atlas Engineered is related to or competes with JGC Corp, ACS Actividades, Kajima Corp, ACS Actividades, Arcadis NV, and Badger Infrastructure. Atlas Engineered Products Ltd. designs, manufactures, and sells engineered roof trusses, floor trusses, wall panels, and... More
Atlas Engineered 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 Atlas Engineered'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 Atlas Engineered Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.09 | |||
| Information Ratio | 0.0092 | |||
| Maximum Drawdown | 13.94 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 4.31 |
Atlas Engineered Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Engineered's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Engineered's standard deviation. In reality, there are many statistical measures that can use Atlas Engineered historical prices to predict the future Atlas Engineered's volatility.| Risk Adjusted Performance | 0.0162 | |||
| Jensen Alpha | 0.0246 | |||
| Total Risk Alpha | 0.0182 | |||
| Sortino Ratio | 0.0082 | |||
| Treynor Ratio | 0.0211 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlas Engineered'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.
Atlas Engineered Products Backtested Returns
Atlas Engineered Products secures Sharpe Ratio (or Efficiency) of -0.0352, which signifies that the company had a -0.0352% return per unit of risk over the last 3 months. Atlas Engineered Products exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlas Engineered's Downside Deviation of 3.09, risk adjusted performance of 0.0162, and Mean Deviation of 2.04 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.29, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Atlas Engineered will likely underperform. At this point, Atlas Engineered Products has a negative expected return of -0.0969%. Please make sure to confirm Atlas Engineered's 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 Atlas Engineered Products performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Atlas Engineered Products has good predictability. Overlapping area represents the amount of predictability between Atlas Engineered time series from 30th of June 2022 to 25th of June 2023 and 25th of June 2023 to 19th of June 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 Atlas Engineered Products price movement. The serial correlation of 0.74 indicates that around 74.0% of current Atlas Engineered price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Atlas Engineered Products lagged returns against current returns
Autocorrelation, which is Atlas Engineered 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 Atlas Engineered's pink sheet expected returns. We can calculate the autocorrelation of Atlas Engineered returns to help us make a trade decision. For example, suppose you find that Atlas Engineered 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 |
Atlas Engineered 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 Atlas Engineered pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Engineered pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Engineered pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Atlas Engineered Lagged Returns
When evaluating Atlas Engineered's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Engineered pink sheet have on its future price. Atlas Engineered 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, Atlas Engineered autocorrelation shows the relationship between Atlas Engineered pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Atlas Engineered Products.
Regressed Prices |
| Timeline |
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Other Information on Investing in Atlas Pink Sheet
Atlas Engineered financial ratios help investors to determine whether Atlas 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 Atlas with respect to the benefits of owning Atlas Engineered security.