Athanase Innovation (Sweden) Market Value
| ATIN Stock | 20.60 0.60 2.83% |
| Symbol | Athanase |
Athanase Innovation '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 Athanase Innovation'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 Athanase Innovation.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in Athanase Innovation on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Athanase Innovation AB or generate 0.0% return on investment in Athanase Innovation over 450 days.
Athanase Innovation 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 Athanase Innovation'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 Athanase Innovation AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.21 | |||
| Information Ratio | 0.0233 | |||
| Maximum Drawdown | 33.03 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 3.31 |
Athanase Innovation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Athanase Innovation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Athanase Innovation's standard deviation. In reality, there are many statistical measures that can use Athanase Innovation historical prices to predict the future Athanase Innovation's volatility.| Risk Adjusted Performance | 0.0558 | |||
| Jensen Alpha | 0.3234 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0193 | |||
| Treynor Ratio | (0.23) |
Athanase Innovation Backtested Returns
Athanase Innovation appears to be not too volatile, given 3 months investment horizon. Athanase Innovation secures Sharpe Ratio (or Efficiency) of 0.0588, which signifies that the company had a 0.0588% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Athanase Innovation AB, which you can use to evaluate the volatility of the firm. Please makes use of Athanase Innovation's mean deviation of 1.46, and Risk Adjusted Performance of 0.0558 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Athanase Innovation holds a performance score of 4. The firm shows a Beta (market volatility) of -0.9, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Athanase Innovation are expected to decrease slowly. On the other hand, during market turmoil, Athanase Innovation is expected to outperform it slightly. Please check Athanase Innovation's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether Athanase Innovation's price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Athanase Innovation AB has poor reverse predictability. Overlapping area represents the amount of predictability between Athanase Innovation time series from 9th of September 2023 to 21st of April 2024 and 21st of April 2024 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 Athanase Innovation price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Athanase Innovation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 4.68 |
Athanase Innovation lagged returns against current returns
Autocorrelation, which is Athanase Innovation 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 Athanase Innovation's stock expected returns. We can calculate the autocorrelation of Athanase Innovation returns to help us make a trade decision. For example, suppose you find that Athanase Innovation 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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Athanase Innovation 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 Athanase Innovation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Athanase Innovation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Athanase Innovation stock over time.
Current vs Lagged Prices |
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Athanase Innovation Lagged Returns
When evaluating Athanase Innovation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Athanase Innovation stock have on its future price. Athanase Innovation 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, Athanase Innovation autocorrelation shows the relationship between Athanase Innovation stock current value and its past values and can show if there is a momentum factor associated with investing in Athanase Innovation AB.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Athanase Stock Analysis
When running Athanase Innovation's price analysis, check to measure Athanase Innovation'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 Athanase Innovation is operating at the current time. Most of Athanase Innovation's value examination focuses on studying past and present price action to predict the probability of Athanase Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Athanase Innovation's price. Additionally, you may evaluate how the addition of Athanase Innovation to your portfolios can decrease your overall portfolio volatility.