Andritz AG (Germany) Market Value
| AZ2 Stock | 52.55 0.45 0.86% |
| Symbol | Andritz |
Andritz AG '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 Andritz AG'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 Andritz AG.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Andritz AG on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Andritz AG or generate 0.0% return on investment in Andritz AG over 30 days. Andritz AG is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
Andritz AG 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 Andritz AG'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 Andritz AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 11.33 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 1.8 |
Andritz AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andritz AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Andritz AG's standard deviation. In reality, there are many statistical measures that can use Andritz AG historical prices to predict the future Andritz AG's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Andritz AG's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Andritz AG Backtested Returns
Andritz AG secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Andritz AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Andritz AG's mean deviation of 0.9038, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Andritz AG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Andritz AG is expected to be smaller as well. At this point, Andritz AG has a negative expected return of -0.17%. Please make sure to confirm Andritz AG's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Andritz AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Andritz AG has average predictability. Overlapping area represents the amount of predictability between Andritz AG time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Andritz AG price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Andritz AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Andritz AG lagged returns against current returns
Autocorrelation, which is Andritz AG 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 Andritz AG's stock expected returns. We can calculate the autocorrelation of Andritz AG returns to help us make a trade decision. For example, suppose you find that Andritz AG 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 |
Andritz AG 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 Andritz AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Andritz AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Andritz AG stock over time.
Current vs Lagged Prices |
| Timeline |
Andritz AG Lagged Returns
When evaluating Andritz AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Andritz AG stock have on its future price. Andritz AG 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, Andritz AG autocorrelation shows the relationship between Andritz AG stock current value and its past values and can show if there is a momentum factor associated with investing in Andritz AG.
Regressed Prices |
| Timeline |
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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.Additional Tools for Andritz Stock Analysis
When running Andritz AG's price analysis, check to measure Andritz AG'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 Andritz AG is operating at the current time. Most of Andritz AG's value examination focuses on studying past and present price action to predict the probability of Andritz AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andritz AG's price. Additionally, you may evaluate how the addition of Andritz AG to your portfolios can decrease your overall portfolio volatility.