Actinogen Medical (Australia) Market Value
| ACW Stock | 0.03 0 3.85% |
| Symbol | Actinogen |
Actinogen Medical '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 Actinogen Medical'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 Actinogen Medical.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Actinogen Medical on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Actinogen Medical or generate 0.0% return on investment in Actinogen Medical over 180 days. Actinogen Medical is related to or competes with Aneka Tambang, Rio Tinto, BHP Group, Block, Suncorp, Aristocrat Leisure, and Pilbara Minerals. Actinogen Medical is entity of Australia More
Actinogen Medical 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 Actinogen Medical'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 Actinogen Medical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 18.57 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.33 |
Actinogen Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Actinogen Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Actinogen Medical's standard deviation. In reality, there are many statistical measures that can use Actinogen Medical historical prices to predict the future Actinogen Medical's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.81) | |||
| Total Risk Alpha | (1.54) | |||
| Treynor Ratio | (2.54) |
Actinogen Medical Backtested Returns
Actinogen Medical secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Actinogen Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Actinogen Medical's Standard Deviation of 4.9, mean deviation of 3.82, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Actinogen Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Actinogen Medical is expected to be smaller as well. At this point, Actinogen Medical has a negative expected return of -0.68%. Please make sure to confirm Actinogen Medical's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Actinogen Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Actinogen Medical has modest reverse predictability. Overlapping area represents the amount of predictability between Actinogen Medical time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Actinogen Medical price movement. The serial correlation of -0.47 indicates that about 47.0% of current Actinogen Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Actinogen Medical lagged returns against current returns
Autocorrelation, which is Actinogen Medical 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 Actinogen Medical's stock expected returns. We can calculate the autocorrelation of Actinogen Medical returns to help us make a trade decision. For example, suppose you find that Actinogen Medical 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 |
Actinogen Medical 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 Actinogen Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Actinogen Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Actinogen Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Actinogen Medical Lagged Returns
When evaluating Actinogen Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Actinogen Medical stock have on its future price. Actinogen Medical 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, Actinogen Medical autocorrelation shows the relationship between Actinogen Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Actinogen Medical.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Actinogen Stock Analysis
When running Actinogen Medical's price analysis, check to measure Actinogen Medical'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 Actinogen Medical is operating at the current time. Most of Actinogen Medical's value examination focuses on studying past and present price action to predict the probability of Actinogen Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Actinogen Medical's price. Additionally, you may evaluate how the addition of Actinogen Medical to your portfolios can decrease your overall portfolio volatility.