Apollo Food (Malaysia) Market Value
| 6432 Stock | 6.43 0.07 1.08% |
| Symbol | Apollo |
Apollo Food '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 Apollo Food'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 Apollo Food.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Apollo Food on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Apollo Food Holdings or generate 0.0% return on investment in Apollo Food over 30 days. Apollo Food is related to or competes with Nestle Bhd, PPB Group, IOI Bhd, FGV Holdings, British American, FARM FRESH, and Kawan Food. More
Apollo Food 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 Apollo Food'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 Apollo Food Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0024 | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 5.21 |
Apollo Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apollo Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apollo Food's standard deviation. In reality, there are many statistical measures that can use Apollo Food historical prices to predict the future Apollo Food's volatility.| Risk Adjusted Performance | 0.0288 | |||
| Jensen Alpha | 0.0395 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0029 | |||
| Treynor Ratio | 0.2398 |
Apollo Food Holdings Backtested Returns
As of now, Apollo Stock is somewhat reliable. Apollo Food Holdings secures Sharpe Ratio (or Efficiency) of 0.0296, which signifies that the company had a 0.0296% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Apollo Food Holdings, which you can use to evaluate the volatility of the firm. Please confirm Apollo Food's Risk Adjusted Performance of 0.0288, mean deviation of 1.19, and Downside Deviation of 1.67 to double-check if the risk estimate we provide is consistent with the expected return of 0.0617%. Apollo Food has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Apollo Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apollo Food is expected to be smaller as well. Apollo Food Holdings right now shows a risk of 2.08%. Please confirm Apollo Food Holdings information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Apollo Food Holdings will be following its price patterns.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Apollo Food Holdings has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Apollo Food time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th of December 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 Apollo Food Holdings price movement. The serial correlation of -0.8 indicates that around 80.0% of current Apollo Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Apollo Food Holdings lagged returns against current returns
Autocorrelation, which is Apollo Food 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 Apollo Food's stock expected returns. We can calculate the autocorrelation of Apollo Food returns to help us make a trade decision. For example, suppose you find that Apollo Food 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 |
Apollo Food 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 Apollo Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apollo Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apollo Food stock over time.
Current vs Lagged Prices |
| Timeline |
Apollo Food Lagged Returns
When evaluating Apollo Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apollo Food stock have on its future price. Apollo Food 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, Apollo Food autocorrelation shows the relationship between Apollo Food stock current value and its past values and can show if there is a momentum factor associated with investing in Apollo Food Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Apollo Stock
Apollo Food financial ratios help investors to determine whether Apollo Stock 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 Apollo with respect to the benefits of owning Apollo Food security.