Aptiv PLC (Brazil) Market Value
| APTV34 Stock | BRL 194.80 0.00 0.00% |
| Symbol | Aptiv |
Aptiv PLC '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 Aptiv PLC'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 Aptiv PLC.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in Aptiv PLC on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding Aptiv PLC or generate 0.0% return on investment in Aptiv PLC over 180 days. Aptiv PLC is related to or competes with Tupy SA, Iochpe Maxion, Schulz SA, Metalrgica Riosulense, and Wetzel SA. Aptiv PLC designs, manufacturers, and sells vehicle components worldwide More
Aptiv PLC 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 Aptiv PLC'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 Aptiv PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.13 |
Aptiv PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aptiv PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aptiv PLC's standard deviation. In reality, there are many statistical measures that can use Aptiv PLC historical prices to predict the future Aptiv PLC's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (1.86) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aptiv PLC'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.
Aptiv PLC Backtested Returns
We consider Aptiv PLC very steady. Aptiv PLC secures Sharpe Ratio (or Efficiency) of 0.0368, which signifies that the company had a 0.0368% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Aptiv PLC, which you can use to evaluate the volatility of the firm. Please confirm Aptiv PLC's Mean Deviation of 0.1476, standard deviation of 0.4747, and Risk Adjusted Performance of (0.04) to double-check if the risk estimate we provide is consistent with the expected return of 0.0124%. Aptiv PLC has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0222, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aptiv PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aptiv PLC is expected to be smaller as well. Aptiv PLC right now shows a risk of 0.34%. Please confirm Aptiv PLC skewness, as well as the relationship between the rate of daily change and day typical price , to decide if Aptiv PLC will be following its price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Aptiv PLC has weak reverse predictability. Overlapping area represents the amount of predictability between Aptiv PLC time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 2024 to 19th 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 Aptiv PLC price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Aptiv PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 3.04 |
Aptiv PLC lagged returns against current returns
Autocorrelation, which is Aptiv PLC 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 Aptiv PLC's stock expected returns. We can calculate the autocorrelation of Aptiv PLC returns to help us make a trade decision. For example, suppose you find that Aptiv PLC 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 |
Aptiv PLC 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 Aptiv PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aptiv PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aptiv PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Aptiv PLC Lagged Returns
When evaluating Aptiv PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aptiv PLC stock have on its future price. Aptiv PLC 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, Aptiv PLC autocorrelation shows the relationship between Aptiv PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Aptiv PLC.
Regressed Prices |
| Timeline |
Pair Trading with Aptiv PLC
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 Aptiv PLC 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 Aptiv PLC will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Aptiv PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aptiv PLC 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 Aptiv PLC - 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 Aptiv PLC to buy it.
The correlation of Aptiv PLC 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 Aptiv PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aptiv PLC 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 Aptiv PLC 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 Aptiv PLC Correlation, Aptiv PLC Volatility and Aptiv PLC Alpha and Beta module to complement your research on Aptiv PLC. For information on how to trade Aptiv Stock refer to our How to Trade Aptiv Stock guide.Note that the Aptiv PLC information on this page should be used as a complementary analysis to other Aptiv PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Aptiv Stock analysis
When running Aptiv PLC's price analysis, check to measure Aptiv PLC'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 Aptiv PLC is operating at the current time. Most of Aptiv PLC's value examination focuses on studying past and present price action to predict the probability of Aptiv PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aptiv PLC's price. Additionally, you may evaluate how the addition of Aptiv PLC to your portfolios can decrease your overall portfolio volatility.
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Aptiv PLC technical stock 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, stock market cycles, or different charting patterns.