Apex Resources Stock Market Value
| SLMLF Stock | USD 0.05 0.00 0.00% |
| Symbol | Apex |
Apex Resources '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 Apex Resources' 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 Apex Resources.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in Apex Resources on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding Apex Resources or generate 0.0% return on investment in Apex Resources over 180 days. Apex Resources is related to or competes with Azimut Exploration, and Benton Resources. Apex Resources Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties in Ca... More
Apex Resources 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 Apex Resources' 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 Apex Resources upside and downside potential and time the market with a certain degree of confidence.
Apex Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apex Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apex Resources' standard deviation. In reality, there are many statistical measures that can use Apex Resources historical prices to predict the future Apex Resources' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Apex Resources' 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.
Apex Resources Backtested Returns
We have found three technical indicators for Apex Resources, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Apex Resources are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Apex Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Apex Resources 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 Apex Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Apex Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Apex Resources lagged returns against current returns
Autocorrelation, which is Apex Resources 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 Apex Resources' pink sheet expected returns. We can calculate the autocorrelation of Apex Resources returns to help us make a trade decision. For example, suppose you find that Apex Resources 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 |
Apex Resources 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 Apex Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apex Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apex Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Apex Resources Lagged Returns
When evaluating Apex Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apex Resources pink sheet have on its future price. Apex Resources 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, Apex Resources autocorrelation shows the relationship between Apex Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Apex Resources.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Apex Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Apex Resources' short interest history, or implied volatility extrapolated from Apex Resources options trading.
Currently Active Assets on Macroaxis
Check out Apex Resources Correlation, Apex Resources Volatility and Apex Resources Alpha and Beta module to complement your research on Apex Resources. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Apex Pink Sheet analysis
When running Apex Resources' price analysis, check to measure Apex Resources' 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 Apex Resources is operating at the current time. Most of Apex Resources' value examination focuses on studying past and present price action to predict the probability of Apex Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apex Resources' price. Additionally, you may evaluate how the addition of Apex Resources to your portfolios can decrease your overall portfolio volatility.
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Apex Resources 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.