AXA World (Germany) Market Value
| AW43 Fund | EUR 206.64 0.42 0.20% |
| Symbol | AXA |
Please note, there is a significant difference between AXA World's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXA World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXA World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
AXA World '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 AXA World's fund 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 AXA World.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in AXA World on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding AXA World Funds or generate 0.0% return on investment in AXA World over 180 days. AXA World is related to or competes with Esfera Robotics, R Co, IE00B0H4TS55, and Echiquier Entrepreneurs. More
AXA World 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 AXA World's fund 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 AXA World Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 2.75 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.9792 |
AXA World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXA World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXA World's standard deviation. In reality, there are many statistical measures that can use AXA World historical prices to predict the future AXA World's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.29) |
AXA World Funds Backtested Returns
AXA World Funds retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the fund had a -0.11% return per unit of risk over the last 3 months. AXA World exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AXA World's variance of 0.3732, and Market Risk Adjusted Performance of (0.28) to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AXA World's returns are expected to increase less than the market. However, during the bear market, the loss of holding AXA World is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
AXA World Funds has average predictability. Overlapping area represents the amount of predictability between AXA World time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 AXA World Funds price movement. The serial correlation of 0.43 indicates that just about 43.0% of current AXA World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 12.72 |
AXA World Funds lagged returns against current returns
Autocorrelation, which is AXA World fund'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 AXA World's fund expected returns. We can calculate the autocorrelation of AXA World returns to help us make a trade decision. For example, suppose you find that AXA World has exhibited high autocorrelation historically, and you observe that the fund 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 |
AXA World 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 AXA World fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXA World fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXA World fund over time.
Current vs Lagged Prices |
| Timeline |
AXA World Lagged Returns
When evaluating AXA World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXA World fund have on its future price. AXA World 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, AXA World autocorrelation shows the relationship between AXA World fund current value and its past values and can show if there is a momentum factor associated with investing in AXA World Funds.
Regressed Prices |
| Timeline |
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AXA World financial ratios help investors to determine whether AXA Fund 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 AXA with respect to the benefits of owning AXA World security.
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