Atlas Copco Adr Stock Market Value
| ATLCY Stock | USD 13.80 0.01 0.07% |
| Symbol | Atlas |
Atlas Copco '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 Atlas Copco's pink sheet 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 Atlas Copco.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Atlas Copco on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Atlas Copco ADR or generate 0.0% return on investment in Atlas Copco over 330 days. Atlas Copco is related to or competes with Amaero International, Aumann AG, Atlas Copco, and Alfa Laval. Atlas Copco AB, together with its subsidiaries, provides productivity solutions More
Atlas Copco 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 Atlas Copco's pink sheet 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 Atlas Copco ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.61 |
Atlas Copco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Copco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Copco's standard deviation. In reality, there are many statistical measures that can use Atlas Copco historical prices to predict the future Atlas Copco's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlas Copco's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Atlas Copco ADR Backtested Returns
Atlas Copco ADR secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Atlas Copco ADR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlas Copco's Mean Deviation of 1.23, risk adjusted performance of (0.07), and Standard Deviation of 1.74 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.93, which signifies possible diversification benefits within a given portfolio. Atlas Copco returns are very sensitive to returns on the market. As the market goes up or down, Atlas Copco is expected to follow. At this point, Atlas Copco ADR has a negative expected return of -0.19%. Please make sure to confirm Atlas Copco's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Atlas Copco ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Atlas Copco ADR has good reverse predictability. Overlapping area represents the amount of predictability between Atlas Copco time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Atlas Copco ADR price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Atlas Copco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Atlas Copco ADR lagged returns against current returns
Autocorrelation, which is Atlas Copco pink sheet'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 Atlas Copco's pink sheet expected returns. We can calculate the autocorrelation of Atlas Copco returns to help us make a trade decision. For example, suppose you find that Atlas Copco has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Atlas Copco 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 Atlas Copco pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Copco pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Copco pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Atlas Copco Lagged Returns
When evaluating Atlas Copco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Copco pink sheet have on its future price. Atlas Copco 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, Atlas Copco autocorrelation shows the relationship between Atlas Copco pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Atlas Copco ADR.
Regressed Prices |
| Timeline |
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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.Additional Tools for Atlas Pink Sheet Analysis
When running Atlas Copco's price analysis, check to measure Atlas Copco'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 Atlas Copco is operating at the current time. Most of Atlas Copco's value examination focuses on studying past and present price action to predict the probability of Atlas Copco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Copco's price. Additionally, you may evaluate how the addition of Atlas Copco to your portfolios can decrease your overall portfolio volatility.