AMAG Austria (Germany) Market Value
| AM8 Stock | EUR 23.90 0.10 0.42% |
| Symbol | AMAG |
AMAG Austria '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 AMAG Austria'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 AMAG Austria.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in AMAG Austria on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding AMAG Austria Metall or generate 0.0% return on investment in AMAG Austria over 720 days. AMAG Austria is related to or competes with Norsk Hydro, Norsk Hydro, Alcoa Corp, Kaiser Aluminum, and Century Aluminum. AMAG Austria Metall AG, together with its subsidiaries, produces, processes, and distributes aluminum, and aluminum wrou... More
AMAG Austria 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 AMAG Austria'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 AMAG Austria Metall upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.0069 | |||
| Maximum Drawdown | 11.62 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 2.13 |
AMAG Austria Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMAG Austria's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMAG Austria's standard deviation. In reality, there are many statistical measures that can use AMAG Austria historical prices to predict the future AMAG Austria's volatility.| Risk Adjusted Performance | 0.0271 | |||
| Jensen Alpha | 0.0269 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0068 | |||
| Treynor Ratio | 0.1103 |
AMAG Austria Metall Backtested Returns
At this point, AMAG Austria is very steady. AMAG Austria Metall retains Efficiency (Sharpe Ratio) of 0.0324, which signifies that the company had a 0.0324% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for AMAG Austria, which you can use to evaluate the volatility of the firm. Please confirm AMAG Austria's coefficient of variation of 3590.73, and Market Risk Adjusted Performance of 0.1203 to double-check if the risk estimate we provide is consistent with the expected return of 0.0522%. AMAG Austria has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AMAG Austria's returns are expected to increase less than the market. However, during the bear market, the loss of holding AMAG Austria is expected to be smaller as well. AMAG Austria Metall at this time owns a risk of 1.61%. Please confirm AMAG Austria Metall semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if AMAG Austria Metall will be following its current price history.
Auto-correlation | 0.80 |
Very good predictability
AMAG Austria Metall has very good predictability. Overlapping area represents the amount of predictability between AMAG Austria time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th of December 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 AMAG Austria Metall price movement. The serial correlation of 0.8 indicates that around 80.0% of current AMAG Austria price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 1.8 |
AMAG Austria Metall lagged returns against current returns
Autocorrelation, which is AMAG Austria 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 AMAG Austria's stock expected returns. We can calculate the autocorrelation of AMAG Austria returns to help us make a trade decision. For example, suppose you find that AMAG Austria 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 |
AMAG Austria 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 AMAG Austria stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMAG Austria stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMAG Austria stock over time.
Current vs Lagged Prices |
| Timeline |
AMAG Austria Lagged Returns
When evaluating AMAG Austria's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMAG Austria stock have on its future price. AMAG Austria 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, AMAG Austria autocorrelation shows the relationship between AMAG Austria stock current value and its past values and can show if there is a momentum factor associated with investing in AMAG Austria Metall.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AMAG Stock
AMAG Austria financial ratios help investors to determine whether AMAG 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 AMAG with respect to the benefits of owning AMAG Austria security.