Ao World (UK) Market Value
| AO Stock | 106.80 1.60 1.48% |
| Symbol | Ao World |
Ao World '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 Ao World'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 Ao World.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Ao World on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Ao World or generate 0.0% return on investment in Ao World over 720 days. Ao World is related to or competes with Science In, Molson Coors, Gaztransport, Fevertree Drinks, Orient Telecoms, Zegona Communications, and Cellnex Telecom. More
Ao World 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 Ao World'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 Ao World upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.38 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 2.41 |
Ao World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ao World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ao World's standard deviation. In reality, there are many statistical measures that can use Ao World historical prices to predict the future Ao World's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 45.54 |
Ao World Backtested Returns
Ao World retains Efficiency (Sharpe Ratio) of -0.0628, which signifies that the company had a -0.0628% return per unit of price deviation over the last 3 months. Ao World exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ao World's Variance of 2.06, information ratio of (0.16), and Market Risk Adjusted Performance of 45.55 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0022, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ao World are expected to decrease at a much lower rate. During the bear market, Ao World is likely to outperform the market. At this point, Ao World has a negative expected return of -0.0902%. Please make sure to confirm Ao World's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Ao World performance from the past will be repeated in the future.
Auto-correlation | 0.79 |
Good predictability
Ao World has good predictability. Overlapping area represents the amount of predictability between Ao World time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Ao World price movement. The serial correlation of 0.79 indicates that around 79.0% of current Ao World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 89.71 |
Ao World lagged returns against current returns
Autocorrelation, which is Ao World 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 Ao World's stock expected returns. We can calculate the autocorrelation of Ao World returns to help us make a trade decision. For example, suppose you find that Ao World 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 |
Ao World 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 Ao World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ao World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ao World stock over time.
Current vs Lagged Prices |
| Timeline |
Ao World Lagged Returns
When evaluating Ao World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ao World stock have on its future price. Ao World 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, Ao World autocorrelation shows the relationship between Ao World stock current value and its past values and can show if there is a momentum factor associated with investing in Ao World.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Ao World Stock
Ao World financial ratios help investors to determine whether Ao World 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 Ao World with respect to the benefits of owning Ao World security.