Auswide Bank (Australia) Market Value
| ABA Stock | 4.40 0.05 1.12% |
| Symbol | Auswide |
Auswide Bank '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 Auswide Bank'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 Auswide Bank.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Auswide Bank on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Auswide Bank or generate 0.0% return on investment in Auswide Bank over 30 days. Auswide Bank is related to or competes with Austco Healthcare, Medical Developments, Australian Agricultural, Autosports, and Ramsay Health. Auswide Bank is entity of Australia. It is traded as Stock on AU exchange. More
Auswide Bank 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 Auswide Bank'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 Auswide Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.01 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 2.64 |
Auswide Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Auswide Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Auswide Bank's standard deviation. In reality, there are many statistical measures that can use Auswide Bank historical prices to predict the future Auswide Bank's volatility.| Risk Adjusted Performance | 0.0284 | |||
| Jensen Alpha | 0.0478 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.70) |
Auswide Bank Backtested Returns
Currently, Auswide Bank is slightly risky. Auswide Bank secures Sharpe Ratio (or Efficiency) of 0.0561, which signifies that the company had a 0.0561% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Auswide Bank, which you can use to evaluate the volatility of the firm. Please confirm Auswide Bank's Risk Adjusted Performance of 0.0284, mean deviation of 1.45, and Downside Deviation of 2.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Auswide Bank has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0265, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Auswide Bank are expected to decrease at a much lower rate. During the bear market, Auswide Bank is likely to outperform the market. Auswide Bank right now shows a risk of 1.83%. Please confirm Auswide Bank sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Auswide Bank will be following its price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Auswide Bank has poor reverse predictability. Overlapping area represents the amount of predictability between Auswide Bank time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Auswide Bank price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Auswide Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Auswide Bank lagged returns against current returns
Autocorrelation, which is Auswide Bank 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 Auswide Bank's stock expected returns. We can calculate the autocorrelation of Auswide Bank returns to help us make a trade decision. For example, suppose you find that Auswide Bank 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 |
Auswide Bank 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 Auswide Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Auswide Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Auswide Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Auswide Bank Lagged Returns
When evaluating Auswide Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Auswide Bank stock have on its future price. Auswide Bank 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, Auswide Bank autocorrelation shows the relationship between Auswide Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Auswide Bank.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Auswide Stock Analysis
When running Auswide Bank's price analysis, check to measure Auswide Bank'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 Auswide Bank is operating at the current time. Most of Auswide Bank's value examination focuses on studying past and present price action to predict the probability of Auswide Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auswide Bank's price. Additionally, you may evaluate how the addition of Auswide Bank to your portfolios can decrease your overall portfolio volatility.