AP Public (Thailand) Market Value
| AP-R Stock | THB 10.80 0.90 7.69% |
| Symbol | AP-R |
AP Public '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 AP Public'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 AP Public.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in AP Public on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding AP Public or generate 0.0% return on investment in AP Public over 30 days. AP Public is related to or competes with Sherwood Public, S P, Siam Wellness, Ratchthani Leasing, and Union Petrochemical. AP Public Company Limited, together with its subsidiaries, engages in the real estate development activities in Thailand More
AP Public 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 AP Public'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 AP Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) |
AP Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AP Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AP Public's standard deviation. In reality, there are many statistical measures that can use AP Public historical prices to predict the future AP Public's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 4.6 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AP Public'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.
AP Public Backtested Returns
AP Public retains Efficiency (Sharpe Ratio) of -0.13, which signifies that the company had a -0.13% return per unit of price deviation over the last 3 months. AP Public exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AP Public's Variance of 1.11, information ratio of (0.21), and Market Risk Adjusted Performance of 4.61 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0303, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AP Public are expected to decrease at a much lower rate. During the bear market, AP Public is likely to outperform the market. AP Public has an expected return of -0.14%. Please make sure to confirm AP Public coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if AP Public performance from the past will be repeated sooner or later.
Auto-correlation | 0.00 |
No correlation between past and present
AP Public has no correlation between past and present. Overlapping area represents the amount of predictability between AP Public time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 AP Public price movement. The serial correlation of 0.0 indicates that just 0.0% of current AP Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AP Public lagged returns against current returns
Autocorrelation, which is AP Public 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 AP Public's stock expected returns. We can calculate the autocorrelation of AP Public returns to help us make a trade decision. For example, suppose you find that AP Public 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 |
AP Public 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 AP Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AP Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AP Public stock over time.
Current vs Lagged Prices |
| Timeline |
AP Public Lagged Returns
When evaluating AP Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AP Public stock have on its future price. AP Public 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, AP Public autocorrelation shows the relationship between AP Public stock current value and its past values and can show if there is a momentum factor associated with investing in AP Public.
Regressed Prices |
| Timeline |
Pair Trading with AP Public
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 AP Public 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 AP Public will appreciate offsetting losses from the drop in the long position's value.Moving against AP-R Stock
| 1.0 | RBF-R | RB FOOD SUPPLY | PairCorr |
| 0.7 | STGT-R | SRI TRANG GLOVES | PairCorr |
The ability to find closely correlated positions to AP Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AP Public 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 AP Public - 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 AP Public to buy it.
The correlation of AP Public 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 AP Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AP Public 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 AP Public 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 AP Public Correlation, AP Public Volatility and AP Public Alpha and Beta module to complement your research on AP Public. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for AP-R Stock analysis
When running AP Public's price analysis, check to measure AP Public'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 AP Public is operating at the current time. Most of AP Public's value examination focuses on studying past and present price action to predict the probability of AP Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AP Public's price. Additionally, you may evaluate how the addition of AP Public to your portfolios can decrease your overall portfolio volatility.
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AP Public 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.