Allianz Technology (UK) Market Value
| ATT Stock | 397.00 9.50 2.45% |
| Symbol | Allianz |
Allianz Technology '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 Allianz Technology'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 Allianz Technology.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Allianz Technology on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Allianz Technology Trust or generate 0.0% return on investment in Allianz Technology over 30 days. Allianz Technology is related to or competes with Home Depot, River, Chrysalis Investments, and Sherborne Investors. Allianz Technology is entity of United Kingdom More
Allianz Technology 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 Allianz Technology'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 Allianz Technology Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.0016 | |||
| Maximum Drawdown | 7.37 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.57 |
Allianz Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianz Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianz Technology's standard deviation. In reality, there are many statistical measures that can use Allianz Technology historical prices to predict the future Allianz Technology's volatility.| Risk Adjusted Performance | 0.057 | |||
| Jensen Alpha | 0.0017 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0016 | |||
| Treynor Ratio | 0.1012 |
Allianz Technology Trust Backtested Returns
At this point, Allianz Technology is very steady. Allianz Technology Trust 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. We have found thirty technical indicators for Allianz Technology Trust, which you can use to evaluate the volatility of the firm. Please confirm Allianz Technology's Risk Adjusted Performance of 0.057, downside deviation of 1.68, and Mean Deviation of 1.29 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Allianz Technology has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.01, which signifies a somewhat significant risk relative to the market. Allianz Technology returns are very sensitive to returns on the market. As the market goes up or down, Allianz Technology is expected to follow. Allianz Technology Trust right now shows a risk of 1.64%. Please confirm Allianz Technology Trust jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Allianz Technology Trust will be following its price patterns.
Auto-correlation | 0.79 |
Good predictability
Allianz Technology Trust has good predictability. Overlapping area represents the amount of predictability between Allianz Technology time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Allianz Technology Trust price movement. The serial correlation of 0.79 indicates that around 79.0% of current Allianz Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 17.59 |
Allianz Technology Trust lagged returns against current returns
Autocorrelation, which is Allianz Technology 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 Allianz Technology's stock expected returns. We can calculate the autocorrelation of Allianz Technology returns to help us make a trade decision. For example, suppose you find that Allianz Technology 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 |
Allianz Technology 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 Allianz Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianz Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allianz Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Allianz Technology Lagged Returns
When evaluating Allianz Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianz Technology stock have on its future price. Allianz Technology 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, Allianz Technology autocorrelation shows the relationship between Allianz Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Allianz Technology Trust.
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 Allianz Stock
Allianz Technology financial ratios help investors to determine whether Allianz 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 Allianz with respect to the benefits of owning Allianz Technology security.