Aussie Broadband (Australia) Market Value
| ABB Stock | 3.58 0.05 1.42% |
| Symbol | Aussie |
Aussie Broadband '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 Aussie Broadband'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 Aussie Broadband.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aussie Broadband on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Aussie Broadband or generate 0.0% return on investment in Aussie Broadband over 90 days. Aussie Broadband is related to or competes with Event Hospitality, Regis Healthcare, Ainsworth Game, Global Health, Sonic Healthcare, and Singular Health. Aussie Broadband is entity of Australia. It is traded as Stock on AU exchange. More
Aussie Broadband 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 Aussie Broadband'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 Aussie Broadband upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.3 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 3.31 |
Aussie Broadband Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aussie Broadband's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aussie Broadband's standard deviation. In reality, there are many statistical measures that can use Aussie Broadband historical prices to predict the future Aussie Broadband's volatility.| Risk Adjusted Performance | 0.0269 | |||
| Jensen Alpha | 0.055 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.57) |
Aussie Broadband Backtested Returns
Currently, Aussie Broadband is moderately volatile. Aussie Broadband secures Sharpe Ratio (or Efficiency) of 0.0469, which signifies that the company had a 0.0469% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Aussie Broadband, which you can use to evaluate the volatility of the firm. Please confirm Aussie Broadband's Risk Adjusted Performance of 0.0269, downside deviation of 1.99, and Mean Deviation of 1.57 to double-check if the risk estimate we provide is consistent with the expected return of 0.0968%. Aussie Broadband has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0794, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aussie Broadband are expected to decrease at a much lower rate. During the bear market, Aussie Broadband is likely to outperform the market. Aussie Broadband right now shows a risk of 2.07%. Please confirm Aussie Broadband jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Aussie Broadband will be following its price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Aussie Broadband has poor reverse predictability. Overlapping area represents the amount of predictability between Aussie Broadband time series from 28th of August 2024 to 12th of October 2024 and 12th 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 Aussie Broadband price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Aussie Broadband price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Aussie Broadband lagged returns against current returns
Autocorrelation, which is Aussie Broadband 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 Aussie Broadband's stock expected returns. We can calculate the autocorrelation of Aussie Broadband returns to help us make a trade decision. For example, suppose you find that Aussie Broadband 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 |
Aussie Broadband 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 Aussie Broadband stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aussie Broadband stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aussie Broadband stock over time.
Current vs Lagged Prices |
| Timeline |
Aussie Broadband Lagged Returns
When evaluating Aussie Broadband's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aussie Broadband stock have on its future price. Aussie Broadband 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, Aussie Broadband autocorrelation shows the relationship between Aussie Broadband stock current value and its past values and can show if there is a momentum factor associated with investing in Aussie Broadband.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Aussie Stock Analysis
When running Aussie Broadband's price analysis, check to measure Aussie Broadband'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 Aussie Broadband is operating at the current time. Most of Aussie Broadband's value examination focuses on studying past and present price action to predict the probability of Aussie Broadband's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aussie Broadband's price. Additionally, you may evaluate how the addition of Aussie Broadband to your portfolios can decrease your overall portfolio volatility.