Accent (Australia) Market Value
| AX1 Stock | 2.39 0.02 0.84% |
| Symbol | Accent |
Accent '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 Accent'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 Accent.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Accent on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Accent Group or generate 0.0% return on investment in Accent over 540 days. Accent is related to or competes with Hotel Property, Perseus Mining, Pioneer Credit, and EP Financial. Accent is entity of Australia. It is traded as Stock on AU exchange. More
Accent 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 Accent'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 Accent Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.0768 | |||
| Maximum Drawdown | 16.38 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 3.21 |
Accent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accent's standard deviation. In reality, there are many statistical measures that can use Accent historical prices to predict the future Accent's volatility.| Risk Adjusted Performance | 0.1065 | |||
| Jensen Alpha | 0.3242 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0589 | |||
| Treynor Ratio | (1.20) |
Accent Group Backtested Returns
Currently, Accent Group is unstable. Accent Group secures Sharpe Ratio (or Efficiency) of 0.0747, which signifies that the company had a 0.0747% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Accent Group, which you can use to evaluate the volatility of the firm. Please confirm Accent's risk adjusted performance of 0.1065, and Mean Deviation of 1.64 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Accent has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Accent are expected to decrease at a much lower rate. During the bear market, Accent is likely to outperform the market. Accent Group right now shows a risk of 2.28%. Please confirm Accent Group market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Accent Group will be following its price patterns.
Auto-correlation | 0.56 |
Modest predictability
Accent Group has modest predictability. Overlapping area represents the amount of predictability between Accent time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Accent Group price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Accent price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Accent Group lagged returns against current returns
Autocorrelation, which is Accent 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 Accent's stock expected returns. We can calculate the autocorrelation of Accent returns to help us make a trade decision. For example, suppose you find that Accent 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 |
Accent 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 Accent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accent stock over time.
Current vs Lagged Prices |
| Timeline |
Accent Lagged Returns
When evaluating Accent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accent stock have on its future price. Accent 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, Accent autocorrelation shows the relationship between Accent stock current value and its past values and can show if there is a momentum factor associated with investing in Accent Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Accent Stock Analysis
When running Accent's price analysis, check to measure Accent'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 Accent is operating at the current time. Most of Accent's value examination focuses on studying past and present price action to predict the probability of Accent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accent's price. Additionally, you may evaluate how the addition of Accent to your portfolios can decrease your overall portfolio volatility.