Ansell (Australia) Market Value
| ANN Stock | 32.44 0.29 0.90% |
| Symbol | Ansell |
Ansell '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 Ansell'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 Ansell.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Ansell on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ansell or generate 0.0% return on investment in Ansell over 30 days. Ansell is related to or competes with Fisher Paykel, Oneview Healthcare, EMvision Medical, Clime Investment, and Viva Leisure. Ansell is entity of Australia. It is traded as Stock on AU exchange. More
Ansell 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 Ansell'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 Ansell upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.0294 | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 2.14 |
Ansell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ansell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ansell's standard deviation. In reality, there are many statistical measures that can use Ansell historical prices to predict the future Ansell's volatility.| Risk Adjusted Performance | 0.1094 | |||
| Jensen Alpha | 0.1445 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0281 | |||
| Treynor Ratio | 1.61 |
Ansell Backtested Returns
Currently, Ansell is very steady. Ansell secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ansell, which you can use to evaluate the volatility of the firm. Please confirm Ansell's Mean Deviation of 0.8647, downside deviation of 1.26, and Risk Adjusted Performance of 0.1094 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Ansell has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0968, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ansell's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ansell is expected to be smaller as well. Ansell right now shows a risk of 1.2%. Please confirm Ansell jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Ansell will be following its price patterns.
Auto-correlation | 0.40 |
Average predictability
Ansell has average predictability. Overlapping area represents the amount of predictability between Ansell time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Ansell price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Ansell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Ansell lagged returns against current returns
Autocorrelation, which is Ansell 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 Ansell's stock expected returns. We can calculate the autocorrelation of Ansell returns to help us make a trade decision. For example, suppose you find that Ansell 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 |
Ansell 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 Ansell stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ansell stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ansell stock over time.
Current vs Lagged Prices |
| Timeline |
Ansell Lagged Returns
When evaluating Ansell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ansell stock have on its future price. Ansell 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, Ansell autocorrelation shows the relationship between Ansell stock current value and its past values and can show if there is a momentum factor associated with investing in Ansell.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ansell Stock Analysis
When running Ansell's price analysis, check to measure Ansell'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 Ansell is operating at the current time. Most of Ansell's value examination focuses on studying past and present price action to predict the probability of Ansell's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ansell's price. Additionally, you may evaluate how the addition of Ansell to your portfolios can decrease your overall portfolio volatility.