Api Group Corp Stock Market Value
| APG Stock | USD 32.54 0.14 0.43% |
| Symbol | Api |
Api Group Corp Price To Book Ratio
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Api Group. If investors know Api will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Api Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.853 | Earnings Share (1.86) | Revenue Per Share 27.71 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0325 |
The market value of Api Group Corp is measured differently than its book value, which is the value of Api that is recorded on the company's balance sheet. Investors also form their own opinion of Api Group's value that differs from its market value or its book value, called intrinsic value, which is Api Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Api Group's market value can be influenced by many factors that don't directly affect Api Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Api Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Api Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Api Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Api Group '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 Api Group'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 Api Group.
| 09/11/2024 |
| 10/11/2024 |
If you would invest 0.00 in Api Group on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Api Group Corp or generate 0.0% return on investment in Api Group over 30 days. Api Group is related to or competes with Topbuild Corp, MYR, Comfort Systems, Construction Partners, Primoris Services, Granite Construction, and Matrix Service. APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the A... More
Api Group 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 Api Group'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 Api Group Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.89 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 3.0 |
Api Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Api Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Api Group's standard deviation. In reality, there are many statistical measures that can use Api Group historical prices to predict the future Api Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Api Group'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.
Api Group Corp Backtested Returns
Api Group Corp secures Sharpe Ratio (or Efficiency) of -0.0996, which signifies that the company had a -0.0996% return per unit of risk over the last 3 months. Api Group Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Api Group's Mean Deviation of 1.61, risk adjusted performance of (0.06), and Standard Deviation of 2.12 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.82, 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, Api Group will likely underperform. At this point, Api Group Corp has a negative expected return of -0.21%. Please make sure to confirm Api Group's total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Api Group Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Api Group Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Api Group time series from 11th of September 2024 to 26th of September 2024 and 26th of September 2024 to 11th of October 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 Api Group Corp price movement. The serial correlation of -0.49 indicates that about 49.0% of current Api Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Api Group Corp lagged returns against current returns
Autocorrelation, which is Api Group 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 Api Group's stock expected returns. We can calculate the autocorrelation of Api Group returns to help us make a trade decision. For example, suppose you find that Api Group 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 |
Api Group 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 Api Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Api Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Api Group stock over time.
Current vs Lagged Prices |
| Timeline |
Api Group Lagged Returns
When evaluating Api Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Api Group stock have on its future price. Api Group 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, Api Group autocorrelation shows the relationship between Api Group stock current value and its past values and can show if there is a momentum factor associated with investing in Api Group Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Api Group Corp is a strong investment it is important to analyze Api Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Api Group's future performance. For an informed investment choice regarding Api Stock, refer to the following important reports:Check out Api Group Correlation, Api Group Volatility and Api Group Alpha and Beta module to complement your research on Api Group. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Api Group 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.