Azkoyen (Spain) Market Value
| AZK Stock | EUR 6.16 0.02 0.32% |
| Symbol | Azkoyen |
Azkoyen '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 Azkoyen'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 Azkoyen.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Azkoyen on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Azkoyen or generate 0.0% return on investment in Azkoyen over 30 days. Azkoyen is related to or competes with Miquel Y, Construcciones, Iberpapel Gestion, ENCE Energa, and Faes Farma. Azkoyen, S.A. designs, manufactures, and sells technological solutions in Spain and internationally More
Azkoyen 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 Azkoyen'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 Azkoyen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.03 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.63 |
Azkoyen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azkoyen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azkoyen's standard deviation. In reality, there are many statistical measures that can use Azkoyen historical prices to predict the future Azkoyen's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.18) |
Azkoyen Backtested Returns
Azkoyen secures Sharpe Ratio (or Efficiency) of -0.0313, which signifies that the company had a -0.0313% return per unit of risk over the last 3 months. Azkoyen exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Azkoyen's Risk Adjusted Performance of (0.02), mean deviation of 0.7674, and Standard Deviation of 1.06 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Azkoyen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Azkoyen is expected to be smaller as well. At this point, Azkoyen has a negative expected return of -0.0333%. Please make sure to confirm Azkoyen's kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if Azkoyen performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Azkoyen has virtually no predictability. Overlapping area represents the amount of predictability between Azkoyen time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Azkoyen price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Azkoyen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Azkoyen lagged returns against current returns
Autocorrelation, which is Azkoyen 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 Azkoyen's stock expected returns. We can calculate the autocorrelation of Azkoyen returns to help us make a trade decision. For example, suppose you find that Azkoyen 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 |
Azkoyen 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 Azkoyen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azkoyen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azkoyen stock over time.
Current vs Lagged Prices |
| Timeline |
Azkoyen Lagged Returns
When evaluating Azkoyen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azkoyen stock have on its future price. Azkoyen 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, Azkoyen autocorrelation shows the relationship between Azkoyen stock current value and its past values and can show if there is a momentum factor associated with investing in Azkoyen.
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.Other Information on Investing in Azkoyen Stock
Azkoyen financial ratios help investors to determine whether Azkoyen 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 Azkoyen with respect to the benefits of owning Azkoyen security.