Aedas Homes (Spain) Market Value
| AEDAS Stock | EUR 25.30 0.60 2.43% |
| Symbol | Aedas |
Aedas Homes '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 Aedas Homes' 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 Aedas Homes.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Aedas Homes on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Aedas Homes SL or generate 0.0% return on investment in Aedas Homes over 30 days. Aedas Homes is related to or competes with Neinor Homes, and Atresmedia Corporacin. Aedas Homes, S.A.U. engages in the housing development business in Spain More
Aedas Homes 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 Aedas Homes' 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 Aedas Homes SL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.15 |
Aedas Homes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aedas Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aedas Homes' standard deviation. In reality, there are many statistical measures that can use Aedas Homes historical prices to predict the future Aedas Homes' volatility.| Risk Adjusted Performance | 0.026 | |||
| Jensen Alpha | 0.0243 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.4068 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aedas Homes' 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.
Aedas Homes SL Backtested Returns
As of now, Aedas Stock is very steady. Aedas Homes SL secures Sharpe Ratio (or Efficiency) of 0.0214, which signifies that the company had a 0.0214% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Aedas Homes SL, which you can use to evaluate the volatility of the firm. Please confirm Aedas Homes' mean deviation of 1.16, and Risk Adjusted Performance of 0.026 to double-check if the risk estimate we provide is consistent with the expected return of 0.0355%. Aedas Homes has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0847, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aedas Homes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aedas Homes is expected to be smaller as well. Aedas Homes SL right now shows a risk of 1.66%. Please confirm Aedas Homes SL potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Aedas Homes SL will be following its price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Aedas Homes SL has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aedas Homes 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 Aedas Homes SL price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Aedas Homes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Aedas Homes SL lagged returns against current returns
Autocorrelation, which is Aedas Homes 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 Aedas Homes' stock expected returns. We can calculate the autocorrelation of Aedas Homes returns to help us make a trade decision. For example, suppose you find that Aedas Homes 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 |
Aedas Homes 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 Aedas Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aedas Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aedas Homes stock over time.
Current vs Lagged Prices |
| Timeline |
Aedas Homes Lagged Returns
When evaluating Aedas Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aedas Homes stock have on its future price. Aedas Homes 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, Aedas Homes autocorrelation shows the relationship between Aedas Homes stock current value and its past values and can show if there is a momentum factor associated with investing in Aedas Homes SL.
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 Aedas Stock
Aedas Homes financial ratios help investors to determine whether Aedas 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 Aedas with respect to the benefits of owning Aedas Homes security.