ASSGENERALI ADR (Germany) Market Value
| ASG0 Stock | EUR 13.30 0.10 0.75% |
| Symbol | ASSGENERALI |
ASSGENERALI ADR '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 ASSGENERALI ADR'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 ASSGENERALI ADR.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in ASSGENERALI ADR on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding ASSGENERALI ADR 12EO or generate 0.0% return on investment in ASSGENERALI ADR over 360 days. ASSGENERALI ADR is related to or competes with HomeToGo, Addus HomeCare, American Homes, Retail Estates, COSTCO WHOLESALE, MI Homes, and MARKET VECTR. Assicurazioni Generali S.p.A. provides various insurance solutions More
ASSGENERALI ADR 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 ASSGENERALI ADR'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 ASSGENERALI ADR 12EO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0284 | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.67 |
ASSGENERALI ADR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASSGENERALI ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASSGENERALI ADR's standard deviation. In reality, there are many statistical measures that can use ASSGENERALI ADR historical prices to predict the future ASSGENERALI ADR's volatility.| Risk Adjusted Performance | 0.105 | |||
| Jensen Alpha | 0.1375 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0287 | |||
| Treynor Ratio | 1.01 |
ASSGENERALI ADR 12EO Backtested Returns
At this point, ASSGENERALI ADR is very steady. ASSGENERALI ADR 12EO secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ASSGENERALI ADR 12EO, which you can use to evaluate the volatility of the firm. Please confirm ASSGENERALI ADR's mean deviation of 0.918, and Risk Adjusted Performance of 0.105 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. ASSGENERALI ADR has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ASSGENERALI ADR's returns are expected to increase less than the market. However, during the bear market, the loss of holding ASSGENERALI ADR is expected to be smaller as well. ASSGENERALI ADR 12EO currently shows a risk of 1.26%. Please confirm ASSGENERALI ADR 12EO jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if ASSGENERALI ADR 12EO will be following its price patterns.
Auto-correlation | 0.81 |
Very good predictability
ASSGENERALI ADR 12EO has very good predictability. Overlapping area represents the amount of predictability between ASSGENERALI ADR time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 ASSGENERALI ADR 12EO price movement. The serial correlation of 0.81 indicates that around 81.0% of current ASSGENERALI ADR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
ASSGENERALI ADR 12EO lagged returns against current returns
Autocorrelation, which is ASSGENERALI ADR 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 ASSGENERALI ADR's stock expected returns. We can calculate the autocorrelation of ASSGENERALI ADR returns to help us make a trade decision. For example, suppose you find that ASSGENERALI ADR 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 |
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ASSGENERALI ADR 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 ASSGENERALI ADR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASSGENERALI ADR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASSGENERALI ADR stock over time.
Current vs Lagged Prices |
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ASSGENERALI ADR Lagged Returns
When evaluating ASSGENERALI ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASSGENERALI ADR stock have on its future price. ASSGENERALI ADR 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, ASSGENERALI ADR autocorrelation shows the relationship between ASSGENERALI ADR stock current value and its past values and can show if there is a momentum factor associated with investing in ASSGENERALI ADR 12EO.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in ASSGENERALI Stock
ASSGENERALI ADR financial ratios help investors to determine whether ASSGENERALI 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 ASSGENERALI with respect to the benefits of owning ASSGENERALI ADR security.