AbL Diagnostics (France) Market Value
| ABLD Stock | 2.86 0.02 0.70% |
| Symbol | AbL |
AbL Diagnostics '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 AbL Diagnostics' 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 AbL Diagnostics.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in AbL Diagnostics on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding AbL Diagnostics SA or generate 0.0% return on investment in AbL Diagnostics over 720 days. AbL Diagnostics is related to or competes with Bilendi, Mediantechn, CMG Cleantech, Sartorius Stedim, and Novatech Industries. More
AbL Diagnostics 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 AbL Diagnostics' 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 AbL Diagnostics SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.96 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.7246 |
AbL Diagnostics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AbL Diagnostics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AbL Diagnostics' standard deviation. In reality, there are many statistical measures that can use AbL Diagnostics historical prices to predict the future AbL Diagnostics' volatility.| Risk Adjusted Performance | 0.0637 | |||
| Jensen Alpha | 0.0392 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.8106 |
AbL Diagnostics SA Backtested Returns
At this point, AbL Diagnostics is not too volatile. AbL Diagnostics SA secures Sharpe Ratio (or Efficiency) of 0.0859, which signifies that the company had a 0.0859% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for AbL Diagnostics SA, which you can use to evaluate the volatility of the firm. Please confirm AbL Diagnostics' Risk Adjusted Performance of 0.0637, semi deviation of 0.2364, and Mean Deviation of 0.2937 to double-check if the risk estimate we provide is consistent with the expected return of 0.0569%. AbL Diagnostics has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0568, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AbL Diagnostics' returns are expected to increase less than the market. However, during the bear market, the loss of holding AbL Diagnostics is expected to be smaller as well. AbL Diagnostics SA currently shows a risk of 0.66%. Please confirm AbL Diagnostics SA coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if AbL Diagnostics SA will be following its price patterns.
Auto-correlation | 0.63 |
Good predictability
AbL Diagnostics SA has good predictability. Overlapping area represents the amount of predictability between AbL Diagnostics time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 AbL Diagnostics SA price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current AbL Diagnostics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 9.81 |
AbL Diagnostics SA lagged returns against current returns
Autocorrelation, which is AbL Diagnostics 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 AbL Diagnostics' stock expected returns. We can calculate the autocorrelation of AbL Diagnostics returns to help us make a trade decision. For example, suppose you find that AbL Diagnostics 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 |
AbL Diagnostics 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 AbL Diagnostics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AbL Diagnostics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AbL Diagnostics stock over time.
Current vs Lagged Prices |
| Timeline |
AbL Diagnostics Lagged Returns
When evaluating AbL Diagnostics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AbL Diagnostics stock have on its future price. AbL Diagnostics 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, AbL Diagnostics autocorrelation shows the relationship between AbL Diagnostics stock current value and its past values and can show if there is a momentum factor associated with investing in AbL Diagnostics SA.
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.Other Information on Investing in AbL Stock
AbL Diagnostics financial ratios help investors to determine whether AbL Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AbL with respect to the benefits of owning AbL Diagnostics security.