American Express Cdr Stock Market Value
| AXP Stock | 26.84 0.14 0.52% |
| 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'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 AMERICAN EXPRESS.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in AMERICAN EXPRESS on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding AMERICAN EXPRESS CDR or generate 0.0% return on investment in AMERICAN EXPRESS over 30 days. AMERICAN EXPRESS is related to or competes with Guru Organic, Westshore Terminals, Canadian Utilities, Canadian General, and Caribbean Utilities. 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'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 AMERICAN EXPRESS CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.0756 | |||
| Maximum Drawdown | 12.43 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.79 |
AMERICAN EXPRESS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMERICAN EXPRESS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMERICAN EXPRESS's standard deviation. In reality, there are many statistical measures that can use AMERICAN EXPRESS historical prices to predict the future AMERICAN EXPRESS's volatility.| Risk Adjusted Performance | 0.1161 | |||
| Jensen Alpha | 0.2402 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0972 | |||
| Treynor Ratio | 2.08 |
AMERICAN EXPRESS CDR Backtested Returns
AMERICAN EXPRESS appears to be very steady, given 3 months investment horizon. AMERICAN EXPRESS CDR secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AMERICAN EXPRESS CDR, which you can use to evaluate the volatility of the firm. Please makes use of AMERICAN EXPRESS's Downside Deviation of 1.43, mean deviation of 1.17, and Risk Adjusted Performance of 0.1161 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AMERICAN EXPRESS holds a performance score of 11. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AMERICAN EXPRESS's 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. Please check AMERICAN EXPRESS's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether AMERICAN EXPRESS's price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
AMERICAN EXPRESS CDR has very good predictability. Overlapping area represents the amount of predictability between AMERICAN EXPRESS time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 CDR price movement. The serial correlation of 0.84 indicates that around 84.0% of current AMERICAN EXPRESS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
AMERICAN EXPRESS CDR 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's 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's 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 CDR.
Regressed Prices |
| Timeline |
Pair Trading with AMERICAN EXPRESS
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AMERICAN EXPRESS position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AMERICAN EXPRESS will appreciate offsetting losses from the drop in the long position's value.Moving against AMERICAN Stock
| 0.63 | EPF | Everyday People Financial | PairCorr |
| 0.63 | VGZ | Vista Gold | PairCorr |
| 0.58 | ABRA | AbraSilver Resource Corp | PairCorr |
| 0.54 | EXN | Excellon Resources | PairCorr |
| 0.51 | MTY | MTY Food Group | PairCorr |
The ability to find closely correlated positions to AMERICAN EXPRESS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMERICAN EXPRESS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AMERICAN EXPRESS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AMERICAN EXPRESS CDR to buy it.
The correlation of AMERICAN EXPRESS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AMERICAN EXPRESS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMERICAN EXPRESS CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AMERICAN EXPRESS can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.