AC SA (Poland) Market Value
| ACG Stock | 28.20 0.10 0.35% |
| Symbol | ACG |
AC SA '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 AC SA'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 AC SA.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in AC SA on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding AC SA or generate 0.0% return on investment in AC SA over 30 days. AC SA is related to or competes with Tower Investments, MW Trade, Intersport Polska, MBank SA, GreenX Metals, and Noble Financials. More
AC SA 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 AC SA'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 AC SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.26 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.57 |
AC SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AC SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AC SA's standard deviation. In reality, there are many statistical measures that can use AC SA historical prices to predict the future AC SA's volatility.| Risk Adjusted Performance | 0.0083 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AC SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
AC SA Backtested Returns
Currently, AC SA is out of control. AC SA retains Efficiency (Sharpe Ratio) of 0.0543, which signifies that the company had a 0.0543% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for AC SA, which you can use to evaluate the volatility of the entity. Please confirm AC SA's Coefficient Of Variation of 16729.2, standard deviation of 1.22, and insignificant Market Risk Adjusted Performance to double-check if the risk estimate we provide is consistent with the expected return of 0.0653%. AC SA has a performance score of 4 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AC SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding AC SA is expected to be smaller as well. AC SA today owns a risk of 1.2%. Please confirm AC SA value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if AC SA will be following its current price history.
Auto-correlation | 0.14 |
Insignificant predictability
AC SA has insignificant predictability. Overlapping area represents the amount of predictability between AC SA time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 AC SA price movement. The serial correlation of 0.14 indicates that less than 14.0% of current AC SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
AC SA lagged returns against current returns
Autocorrelation, which is AC SA 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 AC SA's stock expected returns. We can calculate the autocorrelation of AC SA returns to help us make a trade decision. For example, suppose you find that AC SA 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 |
AC SA 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 AC SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AC SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AC SA stock over time.
Current vs Lagged Prices |
| Timeline |
AC SA Lagged Returns
When evaluating AC SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AC SA stock have on its future price. AC SA 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, AC SA autocorrelation shows the relationship between AC SA stock current value and its past values and can show if there is a momentum factor associated with investing in AC SA.
Regressed Prices |
| Timeline |
Pair Trading with AC SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AC SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AC SA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to AC SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AC SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AC SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AC SA to buy it.
The correlation of AC SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AC SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AC SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AC SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for ACG Stock Analysis
When running AC SA's price analysis, check to measure AC SA'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 AC SA is operating at the current time. Most of AC SA's value examination focuses on studying past and present price action to predict the probability of AC SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AC SA's price. Additionally, you may evaluate how the addition of AC SA to your portfolios can decrease your overall portfolio volatility.