Aena SME (Germany) Market Value
| A44 Stock | EUR 203.60 1.20 0.59% |
| Symbol | Aena |
Aena SME '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 Aena SME'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 Aena SME.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Aena SME on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Aena SME SA or generate 0.0% return on investment in Aena SME over 540 days. Aena SME is related to or competes with AENA SME, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Talanx AG. Aena S.M.E., S.A., together with its subsidiaries, engages in the operation, maintenance, management, and administration... More
Aena SME 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 Aena SME'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 Aena SME SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8461 | |||
| Information Ratio | 0.0736 | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.77 |
Aena SME Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aena SME's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aena SME's standard deviation. In reality, there are many statistical measures that can use Aena SME historical prices to predict the future Aena SME's volatility.| Risk Adjusted Performance | 0.1647 | |||
| Jensen Alpha | 0.2032 | |||
| Total Risk Alpha | 0.0461 | |||
| Sortino Ratio | 0.0784 | |||
| Treynor Ratio | (0.97) |
Aena SME SA Backtested Returns
At this point, Aena SME is very steady. Aena SME SA secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Aena SME SA, which you can use to evaluate the volatility of the firm. Please confirm Aena SME's Downside Deviation of 0.8461, mean deviation of 0.7343, and Risk Adjusted Performance of 0.1647 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Aena SME has a performance score of 15 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aena SME are expected to decrease at a much lower rate. During the bear market, Aena SME is likely to outperform the market. Aena SME SA right now shows a risk of 0.9%. Please confirm Aena SME SA coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Aena SME SA will be following its price patterns.
Auto-correlation | 0.64 |
Good predictability
Aena SME SA has good predictability. Overlapping area represents the amount of predictability between Aena SME time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Aena SME SA price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Aena SME price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 146.54 |
Aena SME SA lagged returns against current returns
Autocorrelation, which is Aena SME 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 Aena SME's stock expected returns. We can calculate the autocorrelation of Aena SME returns to help us make a trade decision. For example, suppose you find that Aena SME 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 |
Aena SME 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 Aena SME stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aena SME stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aena SME stock over time.
Current vs Lagged Prices |
| Timeline |
Aena SME Lagged Returns
When evaluating Aena SME's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aena SME stock have on its future price. Aena SME 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, Aena SME autocorrelation shows the relationship between Aena SME stock current value and its past values and can show if there is a momentum factor associated with investing in Aena SME SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aena Stock
Aena SME financial ratios help investors to determine whether Aena 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 Aena with respect to the benefits of owning Aena SME security.