Australia (Australia) Market Value
| AN3PL Stock | 104.90 0.10 0.1% |
| Symbol | Australia |
Please note, there is a significant difference between Australia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Australia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Australia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Australia '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 Australia'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 Australia.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Australia on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Australia and New or generate 0.0% return on investment in Australia over 30 days. Australia is related to or competes with 29Metals, Dug Technology, Australian Agricultural, and Homeco Daily. Australia is entity of Australia. It is traded as Stock on AU exchange. More
Australia 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 Australia'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 Australia and New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3496 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.13 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.7246 |
Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Australia's standard deviation. In reality, there are many statistical measures that can use Australia historical prices to predict the future Australia's volatility.| Risk Adjusted Performance | 0.059 | |||
| Jensen Alpha | 0.0212 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.6689 |
Australia and New Backtested Returns
At this point, Australia is very steady. Australia and New secures Sharpe Ratio (or Efficiency) of 0.0894, which signifies that the company had a 0.0894% return per unit of risk over the last 3 months. We have found thirty technical indicators for Australia and New, which you can use to evaluate the volatility of the firm. Please confirm Australia's Risk Adjusted Performance of 0.059, mean deviation of 0.3031, and Downside Deviation of 0.3496 to double-check if the risk estimate we provide is consistent with the expected return of 0.0344%. Australia has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0375, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Australia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Australia is expected to be smaller as well. Australia and New right now shows a risk of 0.38%. Please confirm Australia and New treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Australia and New will be following its price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
Australia and New has poor reverse predictability. Overlapping area represents the amount of predictability between Australia time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Australia and New price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Australia and New lagged returns against current returns
Autocorrelation, which is Australia 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 Australia's stock expected returns. We can calculate the autocorrelation of Australia returns to help us make a trade decision. For example, suppose you find that Australia 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 |
Australia 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 Australia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Australia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Australia stock over time.
Current vs Lagged Prices |
| Timeline |
Australia Lagged Returns
When evaluating Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Australia stock have on its future price. Australia 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, Australia autocorrelation shows the relationship between Australia stock current value and its past values and can show if there is a momentum factor associated with investing in Australia and New.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Australia Stock
Australia financial ratios help investors to determine whether Australia 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 Australia with respect to the benefits of owning Australia security.