ABC TRANSPORT's market value is the price at which a share of ABC TRANSPORT trades on a public exchange. It measures the collective expectations of ABC TRANSPORT PLC investors about its performance. ABC TRANSPORT is selling at 1.17 as of the 29th of November 2024; that is 1.68 percent decrease since the beginning of the trading day. The stock's open price was 1.19. With this module, you can estimate the performance of a buy and hold strategy of ABC TRANSPORT PLC and determine expected loss or profit from investing in ABC TRANSPORT over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Symbol
ABC
ABC TRANSPORT '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 ABC TRANSPORT'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 ABC TRANSPORT.
0.00
06/08/2023
No Change 0.00
0.0
In 1 year 5 months and 25 days
11/29/2024
0.00
If you would invest 0.00 in ABC TRANSPORT on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding ABC TRANSPORT PLC or generate 0.0% return on investment in ABC TRANSPORT over 540 days.
ABC TRANSPORT 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 ABC TRANSPORT'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 ABC TRANSPORT PLC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABC TRANSPORT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABC TRANSPORT's standard deviation. In reality, there are many statistical measures that can use ABC TRANSPORT historical prices to predict the future ABC TRANSPORT's volatility.
ABC TRANSPORT appears to be extremely dangerous, given 3 months investment horizon. ABC TRANSPORT PLC retains Efficiency (Sharpe Ratio) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. By examining ABC TRANSPORT's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please makes use of ABC TRANSPORT's market risk adjusted performance of 0.701, and Coefficient Of Variation of 635.27 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ABC TRANSPORT holds a performance score of 12. The firm owns a Beta (Systematic Risk) of 1.08, which signifies a somewhat significant risk relative to the market. ABC TRANSPORT returns are very sensitive to returns on the market. As the market goes up or down, ABC TRANSPORT is expected to follow. Please check ABC TRANSPORT's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether ABC TRANSPORT's current price history will revert.
Auto-correlation
0.39
Below average predictability
ABC TRANSPORT PLC has below average predictability. Overlapping area represents the amount of predictability between ABC TRANSPORT time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 ABC TRANSPORT PLC price movement. The serial correlation of 0.39 indicates that just about 39.0% of current ABC TRANSPORT price fluctuation can be explain by its past prices.
Correlation Coefficient
0.39
Spearman Rank Test
0.5
Residual Average
0.0
Price Variance
0.06
ABC TRANSPORT PLC lagged returns against current returns
Autocorrelation, which is ABC TRANSPORT 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 ABC TRANSPORT's stock expected returns. We can calculate the autocorrelation of ABC TRANSPORT returns to help us make a trade decision. For example, suppose you find that ABC TRANSPORT 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
ABC TRANSPORT 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 ABC TRANSPORT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABC TRANSPORT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABC TRANSPORT stock over time.
Current vs Lagged Prices
Timeline
ABC TRANSPORT Lagged Returns
When evaluating ABC TRANSPORT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABC TRANSPORT stock have on its future price. ABC TRANSPORT 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, ABC TRANSPORT autocorrelation shows the relationship between ABC TRANSPORT stock current value and its past values and can show if there is a momentum factor associated with investing in ABC TRANSPORT PLC.
Regressed Prices
Timeline
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