American Electric (UK) Market Value
| 0HEC Stock | 100.22 0.15 0.15% |
| Symbol | American |
American Electric '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 American Electric'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 American Electric.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in American Electric on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding American Electric Power or generate 0.0% return on investment in American Electric over 180 days. American Electric is related to or competes with Team Internet, Gamma Communications, Southern Copper, McEwen Mining, Silvercorp Metals, Greenroc Mining, and Cairo Communication. American Electric is entity of United Kingdom More
American Electric 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 American Electric'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 American Electric Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.61 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.58 |
American Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Electric's standard deviation. In reality, there are many statistical measures that can use American Electric historical prices to predict the future American Electric's volatility.| Risk Adjusted Performance | 0.0316 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.109 |
American Electric Power Backtested Returns
Currently, American Electric Power is very steady. American Electric Power secures Sharpe Ratio (or Efficiency) of 0.0092, which signifies that the company had a 0.0092% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for American Electric Power, which you can use to evaluate the volatility of the firm. Please confirm American Electric's mean deviation of 0.8479, and Risk Adjusted Performance of 0.0316 to double-check if the risk estimate we provide is consistent with the expected return of 0.0096%. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, American Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding American Electric is expected to be smaller as well. American Electric Power right now shows a risk of 1.05%. Please confirm American Electric Power downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if American Electric Power will be following its price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
American Electric Power has very good reverse predictability. Overlapping area represents the amount of predictability between American Electric time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 American Electric Power price movement. The serial correlation of -0.7 indicates that around 70.0% of current American Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 6.34 |
American Electric Power lagged returns against current returns
Autocorrelation, which is American Electric 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 American Electric's stock expected returns. We can calculate the autocorrelation of American Electric returns to help us make a trade decision. For example, suppose you find that American Electric 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 |
American Electric 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 American Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Electric stock over time.
Current vs Lagged Prices |
| Timeline |
American Electric Lagged Returns
When evaluating American Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Electric stock have on its future price. American Electric 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, American Electric autocorrelation shows the relationship between American Electric stock current value and its past values and can show if there is a momentum factor associated with investing in American Electric Power.
Regressed Prices |
| Timeline |
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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.Additional Tools for American Stock Analysis
When running American Electric's price analysis, check to measure American Electric'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 American Electric is operating at the current time. Most of American Electric's value examination focuses on studying past and present price action to predict the probability of American Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Electric's price. Additionally, you may evaluate how the addition of American Electric to your portfolios can decrease your overall portfolio volatility.