AMAG AUSTRIA (Germany) Market Value
| AM8 Stock | EUR 22.80 0.40 1.79% |
| 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in AMAG AUSTRIA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding AMAG AUSTRIA M or generate 0.0% return on investment in AMAG AUSTRIA over 30 days. AMAG AUSTRIA is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. 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 M upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.75 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.63 |
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 | (0.06) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.538 |
AMAG AUSTRIA M Backtested Returns
AMAG AUSTRIA M retains Efficiency (Sharpe Ratio) of -0.0834, which signifies that the company had a -0.0834% return per unit of risk over the last 3 months. AMAG AUSTRIA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AMAG AUSTRIA's variance of 0.5761, and Market Risk Adjusted Performance of 0.548 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AMAG AUSTRIA are expected to decrease at a much lower rate. During the bear market, AMAG AUSTRIA is likely to outperform the market. At this point, AMAG AUSTRIA M has a negative expected return of -0.0641%. Please make sure to confirm AMAG AUSTRIA's mean deviation, information ratio, potential upside, as well as the relationship between the standard deviation and total risk alpha , to decide if AMAG AUSTRIA M performance from the past will be repeated in the future.
Auto-correlation | 0.34 |
Below average predictability
AMAG AUSTRIA M has below average predictability. Overlapping area represents the amount of predictability between AMAG AUSTRIA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 AMAG AUSTRIA M price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current AMAG AUSTRIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
AMAG AUSTRIA M 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 M.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for AMAG Stock Analysis
When running AMAG AUSTRIA's price analysis, check to measure AMAG AUSTRIA'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 AMAG AUSTRIA is operating at the current time. Most of AMAG AUSTRIA's value examination focuses on studying past and present price action to predict the probability of AMAG AUSTRIA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMAG AUSTRIA's price. Additionally, you may evaluate how the addition of AMAG AUSTRIA to your portfolios can decrease your overall portfolio volatility.