Abingdon Health (UK) Market Value
| ABDX Stock | 7.25 0.50 6.45% |
| Symbol | Abingdon |
Abingdon Health '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 Abingdon Health'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 Abingdon Health.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Abingdon Health on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Abingdon Health Plc or generate 0.0% return on investment in Abingdon Health over 360 days. Abingdon Health is related to or competes with Admiral Group, Anglo American, Vodafone Group, Caffyns PLC, SkinBioTherapeutics, Merit Group, and Mind Gym. Abingdon Health is entity of United Kingdom More
Abingdon Health 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 Abingdon Health'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 Abingdon Health Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 15.02 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 3.23 |
Abingdon Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abingdon Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abingdon Health's standard deviation. In reality, there are many statistical measures that can use Abingdon Health historical prices to predict the future Abingdon Health's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | 4.64 |
Abingdon Health Plc Backtested Returns
Abingdon Health Plc secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Abingdon Health Plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Abingdon Health's Standard Deviation of 2.24, risk adjusted performance of (0.15), and Mean Deviation of 1.43 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Abingdon Health are expected to decrease at a much lower rate. During the bear market, Abingdon Health is likely to outperform the market. At this point, Abingdon Health Plc has a negative expected return of -0.47%. Please make sure to confirm Abingdon Health's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Abingdon Health Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Abingdon Health Plc has modest reverse predictability. Overlapping area represents the amount of predictability between Abingdon Health time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Abingdon Health Plc price movement. The serial correlation of -0.49 indicates that about 49.0% of current Abingdon Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
Abingdon Health Plc lagged returns against current returns
Autocorrelation, which is Abingdon Health 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 Abingdon Health's stock expected returns. We can calculate the autocorrelation of Abingdon Health returns to help us make a trade decision. For example, suppose you find that Abingdon Health 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 |
Abingdon Health 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 Abingdon Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abingdon Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abingdon Health stock over time.
Current vs Lagged Prices |
| Timeline |
Abingdon Health Lagged Returns
When evaluating Abingdon Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abingdon Health stock have on its future price. Abingdon Health 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, Abingdon Health autocorrelation shows the relationship between Abingdon Health stock current value and its past values and can show if there is a momentum factor associated with investing in Abingdon Health Plc.
Regressed Prices |
| Timeline |
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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 Tools for Abingdon Stock Analysis
When running Abingdon Health's price analysis, check to measure Abingdon Health'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 Abingdon Health is operating at the current time. Most of Abingdon Health's value examination focuses on studying past and present price action to predict the probability of Abingdon Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abingdon Health's price. Additionally, you may evaluate how the addition of Abingdon Health to your portfolios can decrease your overall portfolio volatility.