American Express (Argentina) Market Value
| AXP Stock | ARS 21,175 75.00 0.35% |
| Symbol | American |
American Express '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 American Express' 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 American Express.
| 05/25/2024 |
| 11/21/2024 |
If you would invest 0.00 in American Express on May 25, 2024 and sell it all today you would earn a total of 0.00 from holding American Express Co or generate 0.0% return on investment in American Express over 180 days. American Express is related to or competes with Compania, Harmony Gold, United States, and Transportadora. American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-r... More
American Express 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 American Express' 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 American Express Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.56 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.73 |
American Express Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Express' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Express' standard deviation. In reality, there are many statistical measures that can use American Express historical prices to predict the future American Express' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.13) |
American Express Backtested Returns
American Express secures Sharpe Ratio (or Efficiency) of -0.007, which signifies that the company had a -0.007% return per unit of standard deviation over the last 3 months. American Express Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Express' risk adjusted performance of (0), and Mean Deviation of 1.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, American Express' returns are expected to increase less than the market. However, during the bear market, the loss of holding American Express is expected to be smaller as well. At this point, American Express has a negative expected return of -0.0124%. Please make sure to confirm American Express' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if American Express performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
American Express Co has virtually no predictability. Overlapping area represents the amount of predictability between American Express time series from 25th of May 2024 to 23rd of August 2024 and 23rd of August 2024 to 21st 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 American Express price movement. The serial correlation of 0.09 indicates that less than 9.0% of current American Express price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 303.2 K |
American Express lagged returns against current returns
Autocorrelation, which is American Express 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 American Express' stock expected returns. We can calculate the autocorrelation of American Express returns to help us make a trade decision. For example, suppose you find that American Express 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 |
American Express 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 American Express stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Express stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Express stock over time.
Current vs Lagged Prices |
| Timeline |
American Express Lagged Returns
When evaluating American Express' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Express stock have on its future price. American Express 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, American Express autocorrelation shows the relationship between American Express stock current value and its past values and can show if there is a momentum factor associated with investing in American Express Co.
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 American Stock
American Express financial ratios help investors to determine whether American 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 American with respect to the benefits of owning American Express security.