Azelis Group (Belgium) Market Value
| AZE Stock | 20.84 0.10 0.48% |
| Symbol | Azelis |
Azelis Group '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 Azelis Group'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 Azelis Group.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Azelis Group on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Azelis Group NV or generate 0.0% return on investment in Azelis Group over 30 days. Azelis Group is related to or competes with IMCD NV, DIeteren Group, DEME Group, NV Bekaert, and VGP NV. More
Azelis Group 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 Azelis Group'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 Azelis Group NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.1142 | |||
| Maximum Drawdown | 6.84 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 2.37 |
Azelis Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azelis Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azelis Group's standard deviation. In reality, there are many statistical measures that can use Azelis Group historical prices to predict the future Azelis Group's volatility.| Risk Adjusted Performance | 0.0915 | |||
| Jensen Alpha | 0.1497 | |||
| Total Risk Alpha | 0.1477 | |||
| Sortino Ratio | 0.1203 | |||
| Treynor Ratio | 30.55 |
Azelis Group NV Backtested Returns
Currently, Azelis Group NV is very steady. Azelis Group NV secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Azelis Group NV, which you can use to evaluate the volatility of the firm. Please confirm Azelis Group's mean deviation of 0.9808, and Risk Adjusted Performance of 0.0915 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Azelis Group has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0049, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Azelis Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Azelis Group is expected to be smaller as well. Azelis Group NV right now shows a risk of 1.3%. Please confirm Azelis Group NV downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Azelis Group NV will be following its price patterns.
Auto-correlation | 0.60 |
Good predictability
Azelis Group NV has good predictability. Overlapping area represents the amount of predictability between Azelis Group time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Azelis Group NV price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Azelis Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Azelis Group NV lagged returns against current returns
Autocorrelation, which is Azelis Group 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 Azelis Group's stock expected returns. We can calculate the autocorrelation of Azelis Group returns to help us make a trade decision. For example, suppose you find that Azelis Group 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 |
Azelis Group 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 Azelis Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azelis Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azelis Group stock over time.
Current vs Lagged Prices |
| Timeline |
Azelis Group Lagged Returns
When evaluating Azelis Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azelis Group stock have on its future price. Azelis Group 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, Azelis Group autocorrelation shows the relationship between Azelis Group stock current value and its past values and can show if there is a momentum factor associated with investing in Azelis Group NV.
Regressed Prices |
| Timeline |
Pair Trading with Azelis Group
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 Azelis Group 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 Azelis Group will appreciate offsetting losses from the drop in the long position's value.Moving against Azelis Stock
The ability to find closely correlated positions to Azelis Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Azelis Group 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 Azelis Group - 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 Azelis Group NV to buy it.
The correlation of Azelis Group 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 Azelis Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azelis Group NV 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 Azelis Group 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.Additional Tools for Azelis Stock Analysis
When running Azelis Group's price analysis, check to measure Azelis Group'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 Azelis Group is operating at the current time. Most of Azelis Group's value examination focuses on studying past and present price action to predict the probability of Azelis Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azelis Group's price. Additionally, you may evaluate how the addition of Azelis Group to your portfolios can decrease your overall portfolio volatility.