Aecon Group Stock Market Value
| AEGXF Stock | USD 16.42 0.75 4.37% |
| Symbol | Aecon |
Aecon '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 Aecon's pink sheet 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 Aecon.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Aecon on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Aecon Group or generate 0.0% return on investment in Aecon over 30 days. Aecon is related to or competes with Reliant Holdings, Argan, Agrify Corp, Cardno, KBR, Orion Group, and Api Group. Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to privat... More
Aecon 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 Aecon's pink sheet 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 Aecon Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.0062 | |||
| Maximum Drawdown | 21.56 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 4.81 |
Aecon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aecon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aecon's standard deviation. In reality, there are many statistical measures that can use Aecon historical prices to predict the future Aecon's volatility.| Risk Adjusted Performance | 0.0404 | |||
| Jensen Alpha | 0.0907 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0081 | |||
| Treynor Ratio | 0.5466 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aecon'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.
Aecon Group Backtested Returns
Aecon Group secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15 % return per unit of standard deviation over the last 3 months. Aecon Group exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aecon's risk adjusted performance of 0.0404, and Mean Deviation of 1.7 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aecon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aecon is expected to be smaller as well. At this point, Aecon Group has a negative expected return of -0.34%. Please make sure to confirm Aecon's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Aecon Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Aecon Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Aecon time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aecon Group price movement. The serial correlation of -0.03 indicates that only 3.0% of current Aecon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Aecon Group lagged returns against current returns
Autocorrelation, which is Aecon pink sheet'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 Aecon's pink sheet expected returns. We can calculate the autocorrelation of Aecon returns to help us make a trade decision. For example, suppose you find that Aecon has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Aecon 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 Aecon pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aecon pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aecon pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aecon Lagged Returns
When evaluating Aecon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aecon pink sheet have on its future price. Aecon 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, Aecon autocorrelation shows the relationship between Aecon pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aecon Group.
Regressed Prices |
| Timeline |
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Other Information on Investing in Aecon Pink Sheet
Aecon financial ratios help investors to determine whether Aecon Pink Sheet 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 Aecon with respect to the benefits of owning Aecon security.