Aena SA (Spain) Market Value
| AENA Stock | EUR 201.20 1.20 0.59% |
| Symbol | Aena |
Aena 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 Aena 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 Aena SA.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Aena SA on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Aena SA or generate 0.0% return on investment in Aena SA over 30 days. Aena SA is related to or competes with NH Hoteles, All Iron, Caixabank, Tier1 Technology, and Elaia Investment. Aena S.M.E., S.A., together with its subsidiaries, engages in the operation, maintenance, management, and administration... More
Aena 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 Aena 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 Aena SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9524 | |||
| Information Ratio | 0.0524 | |||
| Maximum Drawdown | 3.72 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.52 |
Aena SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aena SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aena SA's standard deviation. In reality, there are many statistical measures that can use Aena SA historical prices to predict the future Aena SA's volatility.| Risk Adjusted Performance | 0.1536 | |||
| Jensen Alpha | 0.1399 | |||
| Total Risk Alpha | 0.027 | |||
| Sortino Ratio | 0.0489 | |||
| Treynor Ratio | 0.744 |
Aena SA Backtested Returns
At this point, Aena SA is very steady. Aena SA secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Aena SA, which you can use to evaluate the volatility of the firm. Please confirm Aena SA's Mean Deviation of 0.7168, downside deviation of 0.9524, and Risk Adjusted Performance of 0.1536 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Aena SA has a performance score of 14 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aena SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aena SA is expected to be smaller as well. Aena SA right now shows a risk of 0.89%. Please confirm Aena SA coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Aena SA will be following its price patterns.
Auto-correlation | -0.85 |
Excellent reverse predictability
Aena SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Aena SA time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Aena SA price movement. The serial correlation of -0.85 indicates that around 85.0% of current Aena SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 4.42 |
Aena SA lagged returns against current returns
Autocorrelation, which is Aena 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 Aena SA's stock expected returns. We can calculate the autocorrelation of Aena SA returns to help us make a trade decision. For example, suppose you find that Aena 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 |
Aena 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 Aena SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aena SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aena SA stock over time.
Current vs Lagged Prices |
| Timeline |
Aena SA Lagged Returns
When evaluating Aena SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aena SA stock have on its future price. Aena 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, Aena SA autocorrelation shows the relationship between Aena SA stock current value and its past values and can show if there is a momentum factor associated with investing in Aena 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 Aena Stock
Aena SA financial ratios help investors to determine whether Aena 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 Aena with respect to the benefits of owning Aena SA security.