Athens General's market value is the price at which a share of Athens General trades on a public exchange. It measures the collective expectations of Athens General Composite investors about its performance. Athens General is listed at 1397.63 as of the 21st of November 2024, which is a 0.94 percent increase since the beginning of the trading day. The index's lowest day price was 1380.22. With this module, you can estimate the performance of a buy and hold strategy of Athens General Composite and determine expected loss or profit from investing in Athens General over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Symbol
Athens
Athens General '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 Athens General's index 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 Athens General.
0.00
12/02/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
11/21/2024
0.00
If you would invest 0.00 in Athens General on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Athens General Composite or generate 0.0% return on investment in Athens General over 720 days.
Athens General 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 Athens General's index 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 Athens General Composite upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Athens General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Athens General's standard deviation. In reality, there are many statistical measures that can use Athens General historical prices to predict the future Athens General's volatility.
Athens General Composite secures Sharpe Ratio (or Efficiency) of -0.0484, which signifies that the index had a -0.0484% return per unit of standard deviation over the last 3 months. Athens General Composite exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Athens General are completely uncorrelated.
Auto-correlation
0.74
Good predictability
Athens General Composite has good predictability. Overlapping area represents the amount of predictability between Athens General time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Athens General Composite price movement. The serial correlation of 0.74 indicates that around 74.0% of current Athens General price fluctuation can be explain by its past prices.
Correlation Coefficient
0.74
Spearman Rank Test
0.49
Residual Average
0.0
Price Variance
2912.36
Athens General Composite lagged returns against current returns
Autocorrelation, which is Athens General index'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 Athens General's index expected returns. We can calculate the autocorrelation of Athens General returns to help us make a trade decision. For example, suppose you find that Athens General has exhibited high autocorrelation historically, and you observe that the index 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
Athens General 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 Athens General index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Athens General index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Athens General index over time.
Current vs Lagged Prices
Timeline
Athens General Lagged Returns
When evaluating Athens General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Athens General index have on its future price. Athens General 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, Athens General autocorrelation shows the relationship between Athens General index current value and its past values and can show if there is a momentum factor associated with investing in Athens General Composite.
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.