AbbVie (Brazil) Market Value
| ABBV34 Stock | BRL 66.56 0.62 0.92% |
| Symbol | AbbVie |
AbbVie '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 AbbVie'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 AbbVie.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in AbbVie on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding AbbVie Inc or generate 0.0% return on investment in AbbVie over 480 days. AbbVie is related to or competes with CVS Health, Cognizant Technology, Extra Space, Agilent Technologies, and Micron Technology. AbbVie Inc. discovers, develops, manufactures, and sells pharmaceutical products in the United States, Japan, Germany, C... More
AbbVie 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 AbbVie'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 AbbVie Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 15.14 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 3.29 |
AbbVie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AbbVie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AbbVie's standard deviation. In reality, there are many statistical measures that can use AbbVie historical prices to predict the future AbbVie's volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0592 |
AbbVie Inc Backtested Returns
AbbVie Inc secures Sharpe Ratio (or Efficiency) of -0.0029, which signifies that the company had a -0.0029% return per unit of standard deviation over the last 3 months. AbbVie Inc exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AbbVie's risk adjusted performance of 0.0109, and Mean Deviation of 1.47 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0492, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AbbVie's returns are expected to increase less than the market. However, during the bear market, the loss of holding AbbVie is expected to be smaller as well. At this point, AbbVie Inc has a negative expected return of -0.0067%. Please make sure to confirm AbbVie's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if AbbVie Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
AbbVie Inc has good predictability. Overlapping area represents the amount of predictability between AbbVie time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 AbbVie Inc price movement. The serial correlation of 0.67 indicates that around 67.0% of current AbbVie price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 52.41 |
AbbVie Inc lagged returns against current returns
Autocorrelation, which is AbbVie 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 AbbVie's stock expected returns. We can calculate the autocorrelation of AbbVie returns to help us make a trade decision. For example, suppose you find that AbbVie 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 |
AbbVie 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 AbbVie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AbbVie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AbbVie stock over time.
Current vs Lagged Prices |
| Timeline |
AbbVie Lagged Returns
When evaluating AbbVie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AbbVie stock have on its future price. AbbVie 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, AbbVie autocorrelation shows the relationship between AbbVie stock current value and its past values and can show if there is a momentum factor associated with investing in AbbVie Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in AbbVie Stock
When determining whether AbbVie Inc is a strong investment it is important to analyze AbbVie's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact AbbVie's future performance. For an informed investment choice regarding AbbVie Stock, refer to the following important reports:Check out AbbVie Correlation, AbbVie Volatility and AbbVie Alpha and Beta module to complement your research on AbbVie. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
AbbVie technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.