Automotive Finco Corp Stock Market Value
| AFCC-H Stock | CAD 0.89 0.03 3.49% |
| Symbol | Automotive |
Automotive Finco '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 Automotive Finco'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 Automotive Finco.
| 12/11/2022 |
| 11/30/2024 |
If you would invest 0.00 in Automotive Finco on December 11, 2022 and sell it all today you would earn a total of 0.00 from holding Automotive Finco Corp or generate 0.0% return on investment in Automotive Finco over 720 days. Automotive Finco is related to or competes with Royal Bank, Royal Bank, Royal Bank, Toronto Dominion, Toronto Dominion, Bank of Nova Scotia, and Toronto Dominion. Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally More
Automotive Finco 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 Automotive Finco'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 Automotive Finco Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.52 | |||
| Information Ratio | 0.0737 | |||
| Maximum Drawdown | 19.85 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.33 |
Automotive Finco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Automotive Finco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Automotive Finco's standard deviation. In reality, there are many statistical measures that can use Automotive Finco historical prices to predict the future Automotive Finco's volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 0.3532 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0492 | |||
| Treynor Ratio | 1.11 |
Automotive Finco Corp Backtested Returns
Automotive Finco appears to be extremely dangerous, given 3 months investment horizon. Automotive Finco Corp secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Automotive Finco Corp, which you can use to evaluate the volatility of the firm. Please makes use of Automotive Finco's Risk Adjusted Performance of 0.0928, mean deviation of 2.03, and Downside Deviation of 5.52 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Automotive Finco holds a performance score of 9. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Automotive Finco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Automotive Finco is expected to be smaller as well. Please check Automotive Finco's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Automotive Finco's price patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Automotive Finco Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Automotive Finco time series from 11th of December 2022 to 6th of December 2023 and 6th of December 2023 to 30th 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 Automotive Finco Corp price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Automotive Finco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Automotive Finco Corp lagged returns against current returns
Autocorrelation, which is Automotive Finco 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 Automotive Finco's stock expected returns. We can calculate the autocorrelation of Automotive Finco returns to help us make a trade decision. For example, suppose you find that Automotive Finco 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 |
Automotive Finco 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 Automotive Finco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Automotive Finco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Automotive Finco stock over time.
Current vs Lagged Prices |
| Timeline |
Automotive Finco Lagged Returns
When evaluating Automotive Finco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Automotive Finco stock have on its future price. Automotive Finco 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, Automotive Finco autocorrelation shows the relationship between Automotive Finco stock current value and its past values and can show if there is a momentum factor associated with investing in Automotive Finco Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Automotive Stock
Automotive Finco financial ratios help investors to determine whether Automotive 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 Automotive with respect to the benefits of owning Automotive Finco security.