Advanced Micro (Germany) Market Value
| AMD Stock | 130.80 1.24 0.94% |
| Symbol | Advanced |
Advanced Micro '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 Advanced Micro'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 Advanced Micro.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Advanced Micro on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Advanced Micro Devices or generate 0.0% return on investment in Advanced Micro over 90 days. Advanced Micro is related to or competes with NVIDIA, NVIDIA, QUALCOMM Incorporated, and Intel. More
Advanced Micro 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 Advanced Micro'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 Advanced Micro Devices upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.83 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 3.09 |
Advanced Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Micro's standard deviation. In reality, there are many statistical measures that can use Advanced Micro historical prices to predict the future Advanced Micro's volatility.| Risk Adjusted Performance | 0.0175 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0182 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Advanced Micro's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Advanced Micro Devices Backtested Returns
Currently, Advanced Micro Devices is very steady. Advanced Micro Devices secures Sharpe Ratio (or Efficiency) of 0.0331, which signifies that the company had a 0.0331% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Advanced Micro Devices, which you can use to evaluate the volatility of the firm. Please confirm Advanced Micro's Risk Adjusted Performance of 0.0175, downside deviation of 2.68, and Mean Deviation of 1.84 to double-check if the risk estimate we provide is consistent with the expected return of 0.0804%. Advanced Micro has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.32, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Advanced Micro will likely underperform. Advanced Micro Devices right now shows a risk of 2.43%. Please confirm Advanced Micro Devices semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Advanced Micro Devices will be following its price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Advanced Micro Devices has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Advanced Micro 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 Advanced Micro Devices price movement. The serial correlation of -0.72 indicates that around 72.0% of current Advanced Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 44.77 |
Advanced Micro Devices lagged returns against current returns
Autocorrelation, which is Advanced Micro 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 Advanced Micro's stock expected returns. We can calculate the autocorrelation of Advanced Micro returns to help us make a trade decision. For example, suppose you find that Advanced Micro 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 |
Advanced Micro 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 Advanced Micro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Micro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Micro stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Micro Lagged Returns
When evaluating Advanced Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Micro stock have on its future price. Advanced Micro 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, Advanced Micro autocorrelation shows the relationship between Advanced Micro stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Micro Devices.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Advanced Stock Analysis
When running Advanced Micro's price analysis, check to measure Advanced Micro'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 Advanced Micro is operating at the current time. Most of Advanced Micro's value examination focuses on studying past and present price action to predict the probability of Advanced Micro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Micro's price. Additionally, you may evaluate how the addition of Advanced Micro to your portfolios can decrease your overall portfolio volatility.