AFC Ajax (Netherlands) Market Value
| AJAX Stock | EUR 10.05 0.05 0.50% |
| Symbol | AFC |
AFC Ajax '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 AFC Ajax'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 AFC Ajax.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in AFC Ajax on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding AFC Ajax NV or generate 0.0% return on investment in AFC Ajax over 90 days. AFC Ajax is related to or competes with Corbion NV, Allfunds, IMCD NV, BE Semiconductor, ASR Nederland, Signify NV, and Inpost SA. AFC Ajax NV operates a football club primarily in the Netherlands More
AFC Ajax 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 AFC Ajax'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 AFC Ajax NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.26 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.49 |
AFC Ajax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AFC Ajax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AFC Ajax's standard deviation. In reality, there are many statistical measures that can use AFC Ajax historical prices to predict the future AFC Ajax's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.53) |
AFC Ajax NV Backtested Returns
AFC Ajax NV retains Efficiency (Sharpe Ratio) of -0.0143, which signifies that the company had a -0.0143% return per unit of risk over the last 3 months. AFC Ajax exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AFC Ajax's market risk adjusted performance of (0.52), and Variance of 0.7104 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0822, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AFC Ajax's returns are expected to increase less than the market. However, during the bear market, the loss of holding AFC Ajax is expected to be smaller as well. At this point, AFC Ajax NV has a negative expected return of -0.0118%. Please make sure to confirm AFC Ajax's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if AFC Ajax NV performance from the past will be repeated at some future date.
Auto-correlation | -0.03 |
Very weak reverse predictability
AFC Ajax NV has very weak reverse predictability. Overlapping area represents the amount of predictability between AFC Ajax time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 AFC Ajax NV price movement. The serial correlation of -0.03 indicates that only 3.0% of current AFC Ajax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
AFC Ajax NV lagged returns against current returns
Autocorrelation, which is AFC Ajax 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 AFC Ajax's stock expected returns. We can calculate the autocorrelation of AFC Ajax returns to help us make a trade decision. For example, suppose you find that AFC Ajax 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 |
AFC Ajax 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 AFC Ajax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AFC Ajax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AFC Ajax stock over time.
Current vs Lagged Prices |
| Timeline |
AFC Ajax Lagged Returns
When evaluating AFC Ajax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AFC Ajax stock have on its future price. AFC Ajax 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, AFC Ajax autocorrelation shows the relationship between AFC Ajax stock current value and its past values and can show if there is a momentum factor associated with investing in AFC Ajax NV.
Regressed Prices |
| Timeline |
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Additional Tools for AFC Stock Analysis
When running AFC Ajax's price analysis, check to measure AFC Ajax'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 AFC Ajax is operating at the current time. Most of AFC Ajax's value examination focuses on studying past and present price action to predict the probability of AFC Ajax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AFC Ajax's price. Additionally, you may evaluate how the addition of AFC Ajax to your portfolios can decrease your overall portfolio volatility.