Anthem (Germany) Market Value
| A58 Stock | EUR 382.60 7.90 2.11% |
| Symbol | Anthem |
Anthem '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 Anthem'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 Anthem.
| 11/28/2024 |
| 01/27/2025 |
If you would invest 0.00 in Anthem on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Anthem Inc or generate 0.0% return on investment in Anthem over 60 days. Anthem is related to or competes with Apollo Investment, Scottish Mortgage, ECHO INVESTMENT, Keck Seng, HK Electric, FIRST SAVINGS, and Guangdong Investment. Anthem, Inc., through its subsidiaries, operates as a health benefits company in the United States More
Anthem 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 Anthem'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 Anthem Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 2.26 |
Anthem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anthem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anthem's standard deviation. In reality, there are many statistical measures that can use Anthem historical prices to predict the future Anthem's volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.01) |
Anthem Inc Backtested Returns
At this point, Anthem is very steady. Anthem Inc secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Anthem Inc, which you can use to evaluate the volatility of the firm. Please confirm Anthem's Mean Deviation of 1.1, downside deviation of 1.26, and Risk Adjusted Performance of 0.008 to double-check if the risk estimate we provide is consistent with the expected return of 0.0066%. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Anthem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anthem is expected to be smaller as well. Anthem Inc right now shows a risk of 1.46%. Please confirm Anthem Inc treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Anthem Inc will be following its price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
Anthem Inc has very good reverse predictability. Overlapping area represents the amount of predictability between Anthem time series from 28th of November 2024 to 28th of December 2024 and 28th of December 2024 to 27th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Anthem Inc price movement. The serial correlation of -0.7 indicates that around 70.0% of current Anthem price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 84.78 |
Anthem Inc lagged returns against current returns
Autocorrelation, which is Anthem 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 Anthem's stock expected returns. We can calculate the autocorrelation of Anthem returns to help us make a trade decision. For example, suppose you find that Anthem 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 |
Anthem 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 Anthem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anthem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anthem stock over time.
Current vs Lagged Prices |
| Timeline |
Anthem Lagged Returns
When evaluating Anthem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anthem stock have on its future price. Anthem 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, Anthem autocorrelation shows the relationship between Anthem stock current value and its past values and can show if there is a momentum factor associated with investing in Anthem Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Anthem Stock
Anthem financial ratios help investors to determine whether Anthem 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 Anthem with respect to the benefits of owning Anthem security.