Akzo Nobel (Netherlands) Market Value
| AKZA Stock | EUR 56.20 0.32 0.57% |
| Symbol | Akzo |
Akzo Nobel '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 Akzo Nobel'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 Akzo Nobel.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Akzo Nobel on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Akzo Nobel NV or generate 0.0% return on investment in Akzo Nobel over 30 days. Akzo Nobel is related to or competes with Randstad, Koninklijke Philips, Koninklijke KPN, and Aegon NV. Akzo Nobel N.V. operates as a paints and coatings company worldwide More
Akzo Nobel 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 Akzo Nobel'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 Akzo Nobel NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.59 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.6 |
Akzo Nobel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akzo Nobel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akzo Nobel's standard deviation. In reality, there are many statistical measures that can use Akzo Nobel historical prices to predict the future Akzo Nobel's volatility.| Risk Adjusted Performance | 0.0124 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0058 |
Akzo Nobel NV Backtested Returns
Currently, Akzo Nobel NV is very steady. Akzo Nobel NV secures Sharpe Ratio (or Efficiency) of 0.0069, which signifies that the company had a 0.0069% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Akzo Nobel NV, which you can use to evaluate the volatility of the firm. Please confirm Akzo Nobel's Mean Deviation of 1.09, downside deviation of 1.44, and Risk Adjusted Performance of 0.0124 to double-check if the risk estimate we provide is consistent with the expected return of 0.0105%. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Akzo Nobel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Akzo Nobel is expected to be smaller as well. Akzo Nobel NV right now shows a risk of 1.54%. Please confirm Akzo Nobel NV treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Akzo Nobel NV will be following its price patterns.
Auto-correlation | 0.50 |
Modest predictability
Akzo Nobel NV has modest predictability. Overlapping area represents the amount of predictability between Akzo Nobel time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Akzo Nobel NV price movement. The serial correlation of 0.5 indicates that about 50.0% of current Akzo Nobel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
Akzo Nobel NV lagged returns against current returns
Autocorrelation, which is Akzo Nobel 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 Akzo Nobel's stock expected returns. We can calculate the autocorrelation of Akzo Nobel returns to help us make a trade decision. For example, suppose you find that Akzo Nobel 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 |
Akzo Nobel 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 Akzo Nobel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akzo Nobel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akzo Nobel stock over time.
Current vs Lagged Prices |
| Timeline |
Akzo Nobel Lagged Returns
When evaluating Akzo Nobel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akzo Nobel stock have on its future price. Akzo Nobel 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, Akzo Nobel autocorrelation shows the relationship between Akzo Nobel stock current value and its past values and can show if there is a momentum factor associated with investing in Akzo Nobel NV.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Akzo Stock Analysis
When running Akzo Nobel's price analysis, check to measure Akzo Nobel'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 Akzo Nobel is operating at the current time. Most of Akzo Nobel's value examination focuses on studying past and present price action to predict the probability of Akzo Nobel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akzo Nobel's price. Additionally, you may evaluate how the addition of Akzo Nobel to your portfolios can decrease your overall portfolio volatility.