Appfolio Stock Market Value
| APPF Stock | USD 226.78 11.27 4.73% |
| Symbol | Appfolio |
Appfolio Price To Book Ratio
Is Appfolio's industry 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 Appfolio. If investors know Appfolio 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 Appfolio 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 (0.89) | Earnings Share 2.11 | Revenue Per Share 18.77 | Quarterly Revenue Growth 0.377 | Return On Assets 0.1072 |
The market value of Appfolio is measured differently than its book value, which is the value of Appfolio that is recorded on the company's balance sheet. Investors also form their own opinion of Appfolio's value that differs from its market value or its book value, called intrinsic value, which is Appfolio'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 Appfolio's market value can be influenced by many factors that don't directly affect Appfolio'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 Appfolio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Appfolio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Appfolio'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.
Appfolio '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 Appfolio'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 Appfolio.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Appfolio on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Appfolio or generate 0.0% return on investment in Appfolio over 30 days. Appfolio is related to or competes with American Software, Paycor HCM, Agilysys, Q2 Holdings, Blackline, PROS Holdings, and Global Business. AppFolio, Inc., together with its subsidiaries, provides cloud business management solutions for the real estate industr... More
Appfolio 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 Appfolio'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 Appfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 13.98 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.23 |
Appfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Appfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Appfolio's standard deviation. In reality, there are many statistical measures that can use Appfolio historical prices to predict the future Appfolio's volatility.| Risk Adjusted Performance | 0.0208 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0243 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Appfolio'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.
Appfolio Backtested Returns
We consider Appfolio very steady. Appfolio secures Sharpe Ratio (or Efficiency) of 0.0128, which signifies that the company had a 0.0128% return per unit of risk over the last 3 months. We have found thirty technical indicators for Appfolio, which you can use to evaluate the volatility of the firm. Please confirm Appfolio's Mean Deviation of 1.81, risk adjusted performance of 0.0208, and Downside Deviation of 2.03 to double-check if the risk estimate we provide is consistent with the expected return of 0.0339%. Appfolio has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.85, 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, Appfolio will likely underperform. Appfolio right now shows a risk of 2.64%. Please confirm Appfolio sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Appfolio will be following its price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Appfolio has very good reverse predictability. Overlapping area represents the amount of predictability between Appfolio time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 Appfolio price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Appfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 100.41 |
Appfolio lagged returns against current returns
Autocorrelation, which is Appfolio 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 Appfolio's stock expected returns. We can calculate the autocorrelation of Appfolio returns to help us make a trade decision. For example, suppose you find that Appfolio 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 |
Appfolio 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 Appfolio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Appfolio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Appfolio stock over time.
Current vs Lagged Prices |
| Timeline |
Appfolio Lagged Returns
When evaluating Appfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Appfolio stock have on its future price. Appfolio 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, Appfolio autocorrelation shows the relationship between Appfolio stock current value and its past values and can show if there is a momentum factor associated with investing in Appfolio.
Regressed Prices |
| Timeline |
Pair Trading with Appfolio
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 Appfolio 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 Appfolio will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Appfolio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Appfolio 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 Appfolio - 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 Appfolio to buy it.
The correlation of Appfolio 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 Appfolio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Appfolio 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 Appfolio 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 Appfolio Correlation, Appfolio Volatility and Appfolio Alpha and Beta module to complement your research on Appfolio. For more detail on how to invest in Appfolio Stock please use our How to Invest in Appfolio guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Appfolio Stock analysis
When running Appfolio's price analysis, check to measure Appfolio'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 Appfolio is operating at the current time. Most of Appfolio's value examination focuses on studying past and present price action to predict the probability of Appfolio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Appfolio's price. Additionally, you may evaluate how the addition of Appfolio to your portfolios can decrease your overall portfolio volatility.
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