Addtech AB (Germany) Market Value
| AZZ2 Stock | EUR 25.66 0.24 0.93% |
| Symbol | Addtech |
Addtech AB '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 Addtech AB'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 Addtech AB.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in Addtech AB on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Addtech AB or generate 0.0% return on investment in Addtech AB over 450 days. Addtech AB is related to or competes with CapitaLand Investment, Japan Tobacco, Scandinavian Tobacco, BRIT AMER, Microchip Technology, Strategic Investments, and REINET INVESTMENTS. Addtech AB operates as a technology trading company in Sweden, Denmark, Finland, Norway, rest of Europe, and internation... More
Addtech AB 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 Addtech AB'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 Addtech AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.66 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 3.07 |
Addtech AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Addtech AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Addtech AB's standard deviation. In reality, there are many statistical measures that can use Addtech AB historical prices to predict the future Addtech AB's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.40) |
Addtech AB Backtested Returns
Addtech AB secures Sharpe Ratio (or Efficiency) of -0.0902, which signifies that the company had a -0.0902% return per unit of standard deviation over the last 3 months. Addtech AB exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Addtech AB's mean deviation of 1.45, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Addtech AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Addtech AB is expected to be smaller as well. At this point, Addtech AB has a negative expected return of -0.17%. Please make sure to confirm Addtech AB's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if Addtech AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Addtech AB has very good predictability. Overlapping area represents the amount of predictability between Addtech AB time series from 9th of September 2023 to 21st of April 2024 and 21st of April 2024 to 2nd 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 Addtech AB price movement. The serial correlation of 0.85 indicates that around 85.0% of current Addtech AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 11.11 |
Addtech AB lagged returns against current returns
Autocorrelation, which is Addtech AB 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 Addtech AB's stock expected returns. We can calculate the autocorrelation of Addtech AB returns to help us make a trade decision. For example, suppose you find that Addtech AB 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 |
Addtech AB 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 Addtech AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Addtech AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Addtech AB stock over time.
Current vs Lagged Prices |
| Timeline |
Addtech AB Lagged Returns
When evaluating Addtech AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Addtech AB stock have on its future price. Addtech AB 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, Addtech AB autocorrelation shows the relationship between Addtech AB stock current value and its past values and can show if there is a momentum factor associated with investing in Addtech AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Addtech Stock
Addtech AB financial ratios help investors to determine whether Addtech 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 Addtech with respect to the benefits of owning Addtech AB security.