Avis Budget (Germany) Market Value
| CUCA Stock | EUR 102.95 1.30 1.28% |
| Symbol | Avis |
Avis Budget '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 Avis Budget'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 Avis Budget.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Avis Budget on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Avis Budget Group or generate 0.0% return on investment in Avis Budget over 30 days. Avis Budget is related to or competes with United Rentals, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Talanx AG. Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary serv... More
Avis Budget 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 Avis Budget'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 Avis Budget Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.1229 | |||
| Maximum Drawdown | 18.35 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 6.26 |
Avis Budget Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avis Budget's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avis Budget's standard deviation. In reality, there are many statistical measures that can use Avis Budget historical prices to predict the future Avis Budget's volatility.| Risk Adjusted Performance | 0.1271 | |||
| Jensen Alpha | 0.3167 | |||
| Total Risk Alpha | 0.0086 | |||
| Sortino Ratio | 0.1472 | |||
| Treynor Ratio | 0.2496 |
Avis Budget Group Backtested Returns
Avis Budget appears to be very steady, given 3 months investment horizon. Avis Budget Group secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. By analyzing Avis Budget's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of Avis Budget's Downside Deviation of 3.22, risk adjusted performance of 0.1271, and Mean Deviation of 2.87 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Avis Budget holds a performance score of 12. The firm shows a Beta (market volatility) of 2.36, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Avis Budget will likely underperform. Please check Avis Budget's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Avis Budget's price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Avis Budget Group has average predictability. Overlapping area represents the amount of predictability between Avis Budget time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Avis Budget Group price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Avis Budget price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 13.36 |
Avis Budget Group lagged returns against current returns
Autocorrelation, which is Avis Budget 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 Avis Budget's stock expected returns. We can calculate the autocorrelation of Avis Budget returns to help us make a trade decision. For example, suppose you find that Avis Budget 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 |
Avis Budget 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 Avis Budget stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avis Budget stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avis Budget stock over time.
Current vs Lagged Prices |
| Timeline |
Avis Budget Lagged Returns
When evaluating Avis Budget's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avis Budget stock have on its future price. Avis Budget 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, Avis Budget autocorrelation shows the relationship between Avis Budget stock current value and its past values and can show if there is a momentum factor associated with investing in Avis Budget Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Avis Stock
When determining whether Avis Budget Group is a strong investment it is important to analyze Avis Budget's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avis Budget's future performance. For an informed investment choice regarding Avis Stock, refer to the following important reports:Check out Avis Budget Correlation, Avis Budget Volatility and Avis Budget Alpha and Beta module to complement your research on Avis Budget. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Avis Budget technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.