Ageas SANV (Belgium) Market Value
| AGS Stock | EUR 48.66 0.32 0.66% |
| Symbol | Ageas |
Ageas SANV '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 Ageas SANV'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 Ageas SANV.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Ageas SANV on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding ageas SANV or generate 0.0% return on investment in Ageas SANV over 360 days. Ageas SANV is related to or competes with KBC Groep, Groep Brussel, Solvay SA, Ackermans Van, and Sofina Socit. ageas SANV, together with its subsidiaries, engages in insurance business in Europe and Asia More
Ageas SANV 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 Ageas SANV'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 ageas SANV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6842 | |||
| Information Ratio | 4.0E-4 | |||
| Maximum Drawdown | 5.15 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.6 |
Ageas SANV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ageas SANV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ageas SANV's standard deviation. In reality, there are many statistical measures that can use Ageas SANV historical prices to predict the future Ageas SANV's volatility.| Risk Adjusted Performance | 0.1158 | |||
| Jensen Alpha | 0.1043 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 5.0E-4 | |||
| Treynor Ratio | 0.8688 |
ageas SANV Backtested Returns
Currently, ageas SANV is very steady. ageas SANV 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. We have found thirty technical indicators for ageas SANV, which you can use to evaluate the volatility of the firm. Please confirm Ageas SANV's Semi Deviation of 0.5393, mean deviation of 0.6717, and Risk Adjusted Performance of 0.1158 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Ageas SANV has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ageas SANV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ageas SANV is expected to be smaller as well. ageas SANV right now shows a risk of 0.88%. Please confirm ageas SANV downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if ageas SANV will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
ageas SANV has very good predictability. Overlapping area represents the amount of predictability between Ageas SANV time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 ageas SANV price movement. The serial correlation of 0.8 indicates that around 80.0% of current Ageas SANV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 5.76 |
ageas SANV lagged returns against current returns
Autocorrelation, which is Ageas SANV 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 Ageas SANV's stock expected returns. We can calculate the autocorrelation of Ageas SANV returns to help us make a trade decision. For example, suppose you find that Ageas SANV 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 |
Ageas SANV 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 Ageas SANV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ageas SANV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ageas SANV stock over time.
Current vs Lagged Prices |
| Timeline |
Ageas SANV Lagged Returns
When evaluating Ageas SANV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ageas SANV stock have on its future price. Ageas SANV 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, Ageas SANV autocorrelation shows the relationship between Ageas SANV stock current value and its past values and can show if there is a momentum factor associated with investing in ageas SANV.
Regressed Prices |
| Timeline |
Pair Trading with Ageas SANV
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ageas SANV position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ageas SANV will appreciate offsetting losses from the drop in the long position's value.Moving together with Ageas Stock
Moving against Ageas Stock
The ability to find closely correlated positions to Ageas SANV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ageas SANV when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ageas SANV - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ageas SANV to buy it.
The correlation of Ageas SANV is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ageas SANV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ageas SANV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ageas SANV can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ageas Stock Analysis
When running Ageas SANV's price analysis, check to measure Ageas SANV'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 Ageas SANV is operating at the current time. Most of Ageas SANV's value examination focuses on studying past and present price action to predict the probability of Ageas SANV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ageas SANV's price. Additionally, you may evaluate how the addition of Ageas SANV to your portfolios can decrease your overall portfolio volatility.