Aages SA (Romania) Market Value
| AAG Stock | 6.40 0.40 5.88% |
| Symbol | Aages |
Please note, there is a significant difference between Aages SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aages SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aages SA'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.
Aages SA '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 Aages SA'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 Aages SA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Aages SA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Aages SA or generate 0.0% return on investment in Aages SA over 30 days. More
Aages SA 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 Aages SA'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 Aages SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 5.76 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 2.14 |
Aages SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aages SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aages SA's standard deviation. In reality, there are many statistical measures that can use Aages SA historical prices to predict the future Aages SA's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (5.89) |
Aages SA Backtested Returns
Aages SA secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Aages SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aages SA's mean deviation of 1.02, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.039, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aages SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aages SA is expected to be smaller as well. At this point, Aages SA has a negative expected return of -0.15%. Please make sure to confirm Aages SA's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Aages SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Aages SA has very good reverse predictability. Overlapping area represents the amount of predictability between Aages SA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Aages SA price movement. The serial correlation of -0.67 indicates that around 67.0% of current Aages SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Aages SA lagged returns against current returns
Autocorrelation, which is Aages SA 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 Aages SA's stock expected returns. We can calculate the autocorrelation of Aages SA returns to help us make a trade decision. For example, suppose you find that Aages SA 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 |
Aages SA 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 Aages SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aages SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aages SA stock over time.
Current vs Lagged Prices |
| Timeline |
Aages SA Lagged Returns
When evaluating Aages SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aages SA stock have on its future price. Aages SA 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, Aages SA autocorrelation shows the relationship between Aages SA stock current value and its past values and can show if there is a momentum factor associated with investing in Aages SA.
Regressed Prices |
| Timeline |
Pair Trading with Aages SA
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 Aages SA 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 Aages SA will appreciate offsetting losses from the drop in the long position's value.Moving against Aages Stock
The ability to find closely correlated positions to Aages SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aages SA 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 Aages SA - 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 Aages SA to buy it.
The correlation of Aages SA 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 Aages SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aages SA 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 Aages SA 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.Other Information on Investing in Aages Stock
Aages SA financial ratios help investors to determine whether Aages 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 Aages with respect to the benefits of owning Aages SA security.