Amazon (Germany) Market Value
| AMZ Stock | EUR 189.56 0.30 0.16% |
| Symbol | Amazon |
Amazon '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 Amazon'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 Amazon.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Amazon on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Amazon Inc or generate 0.0% return on investment in Amazon over 90 days. Amazon is related to or competes with ANTA SPORTS, Ubisoft Entertainment, BE Semiconductor, Magnachip Semiconductor, NXP Semiconductors, ELMOS SEMICONDUCTOR, and Nordic Semiconductor. More
Amazon 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 Amazon'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 Amazon Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.0915 | |||
| Maximum Drawdown | 9.6 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.72 |
Amazon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amazon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amazon's standard deviation. In reality, there are many statistical measures that can use Amazon historical prices to predict the future Amazon's volatility.| Risk Adjusted Performance | 0.1358 | |||
| Jensen Alpha | 0.157 | |||
| Total Risk Alpha | 0.011 | |||
| Sortino Ratio | 0.0921 | |||
| Treynor Ratio | 0.284 |
Amazon Inc Backtested Returns
Amazon appears to be very steady, given 3 months investment horizon. Amazon Inc secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Amazon Inc, which you can use to evaluate the volatility of the firm. Please makes use of Amazon's risk adjusted performance of 0.1358, and Mean Deviation of 1.31 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Amazon holds a performance score of 13. The firm shows a Beta (market volatility) of 0.96, which signifies possible diversification benefits within a given portfolio. Amazon returns are very sensitive to returns on the market. As the market goes up or down, Amazon is expected to follow. Please check Amazon's mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to make a quick decision on whether Amazon's price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Amazon Inc has good predictability. Overlapping area represents the amount of predictability between Amazon time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Amazon Inc price movement. The serial correlation of 0.7 indicates that around 70.0% of current Amazon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 100.89 |
Amazon Inc lagged returns against current returns
Autocorrelation, which is Amazon 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 Amazon's stock expected returns. We can calculate the autocorrelation of Amazon returns to help us make a trade decision. For example, suppose you find that Amazon 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 |
Amazon 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 Amazon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amazon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amazon stock over time.
Current vs Lagged Prices |
| Timeline |
Amazon Lagged Returns
When evaluating Amazon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amazon stock have on its future price. Amazon 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, Amazon autocorrelation shows the relationship between Amazon stock current value and its past values and can show if there is a momentum factor associated with investing in Amazon Inc.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Amazon Stock
When determining whether Amazon Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amazon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amazon Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amazon Inc Stock:Check out Amazon Correlation, Amazon Volatility and Amazon Alpha and Beta module to complement your research on Amazon. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Amazon technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.