ACCSYS TECHPLC (Germany) Market Value
| 1D8 Stock | EUR 0.52 0.01 1.96% |
| Symbol | ACCSYS |
ACCSYS TECHPLC '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 ACCSYS TECHPLC'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 ACCSYS TECHPLC.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ACCSYS TECHPLC on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding ACCSYS TECHPLC EO or generate 0.0% return on investment in ACCSYS TECHPLC over 60 days. ACCSYS TECHPLC is related to or competes with Townsquare Media, GigaMedia, TOWNSQUARE MEDIA, and Universal Entertainment. Accsys Technologies PLC, together with its subsidiaries, produces and sells Accoya solid wood and Tricoya wood elements ... More
ACCSYS TECHPLC 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 ACCSYS TECHPLC'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 ACCSYS TECHPLC EO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.7 |
ACCSYS TECHPLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ACCSYS TECHPLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ACCSYS TECHPLC's standard deviation. In reality, there are many statistical measures that can use ACCSYS TECHPLC historical prices to predict the future ACCSYS TECHPLC's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (4.42) |
ACCSYS TECHPLC EO Backtested Returns
ACCSYS TECHPLC EO retains Efficiency (Sharpe Ratio) of -0.0517, which signifies that the company had a -0.0517% return per unit of risk over the last 3 months. ACCSYS TECHPLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ACCSYS TECHPLC's market risk adjusted performance of (4.41), and Variance of 5.25 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0338, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ACCSYS TECHPLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding ACCSYS TECHPLC is expected to be smaller as well. At this point, ACCSYS TECHPLC EO has a negative expected return of -0.12%. Please make sure to confirm ACCSYS TECHPLC's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if ACCSYS TECHPLC EO performance from the past will be repeated at some future date.
Auto-correlation | 0.21 |
Weak predictability
ACCSYS TECHPLC EO has weak predictability. Overlapping area represents the amount of predictability between ACCSYS TECHPLC time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 ACCSYS TECHPLC EO price movement. The serial correlation of 0.21 indicates that over 21.0% of current ACCSYS TECHPLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ACCSYS TECHPLC EO lagged returns against current returns
Autocorrelation, which is ACCSYS TECHPLC 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 ACCSYS TECHPLC's stock expected returns. We can calculate the autocorrelation of ACCSYS TECHPLC returns to help us make a trade decision. For example, suppose you find that ACCSYS TECHPLC 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 |
ACCSYS TECHPLC 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 ACCSYS TECHPLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ACCSYS TECHPLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ACCSYS TECHPLC stock over time.
Current vs Lagged Prices |
| Timeline |
ACCSYS TECHPLC Lagged Returns
When evaluating ACCSYS TECHPLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ACCSYS TECHPLC stock have on its future price. ACCSYS TECHPLC 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, ACCSYS TECHPLC autocorrelation shows the relationship between ACCSYS TECHPLC stock current value and its past values and can show if there is a momentum factor associated with investing in ACCSYS TECHPLC EO.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ACCSYS Stock
ACCSYS TECHPLC financial ratios help investors to determine whether ACCSYS 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 ACCSYS with respect to the benefits of owning ACCSYS TECHPLC security.