AECOM TECHNOLOGY (Germany) Market Value
| E6Z Stock | EUR 111.00 4.00 3.74% |
| Symbol | AECOM |
AECOM TECHNOLOGY '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 AECOM TECHNOLOGY'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 AECOM TECHNOLOGY.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in AECOM TECHNOLOGY on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding AECOM TECHNOLOGY or generate 0.0% return on investment in AECOM TECHNOLOGY over 300 days. AECOM TECHNOLOGY is related to or competes with Apple, Apple, Apple, Microsoft, and Microsoft. More
AECOM TECHNOLOGY 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 AECOM TECHNOLOGY'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 AECOM TECHNOLOGY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.1481 | |||
| Maximum Drawdown | 9.77 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 3.74 |
AECOM TECHNOLOGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AECOM TECHNOLOGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AECOM TECHNOLOGY's standard deviation. In reality, there are many statistical measures that can use AECOM TECHNOLOGY historical prices to predict the future AECOM TECHNOLOGY's volatility.| Risk Adjusted Performance | 0.1769 | |||
| Jensen Alpha | 0.2738 | |||
| Total Risk Alpha | 0.1066 | |||
| Sortino Ratio | 0.1364 | |||
| Treynor Ratio | 0.4605 |
AECOM TECHNOLOGY Backtested Returns
AECOM TECHNOLOGY appears to be very steady, given 3 months investment horizon. AECOM TECHNOLOGY retains Efficiency (Sharpe Ratio) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for AECOM TECHNOLOGY, which you can use to evaluate the volatility of the firm. Please makes use of AECOM TECHNOLOGY's market risk adjusted performance of 0.4705, and Coefficient Of Variation of 445.88 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AECOM TECHNOLOGY holds a performance score of 15. The firm owns a Beta (Systematic Risk) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AECOM TECHNOLOGY's returns are expected to increase less than the market. However, during the bear market, the loss of holding AECOM TECHNOLOGY is expected to be smaller as well. Please check AECOM TECHNOLOGY's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether AECOM TECHNOLOGY's current price history will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
AECOM TECHNOLOGY has insignificant reverse predictability. Overlapping area represents the amount of predictability between AECOM TECHNOLOGY time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 AECOM TECHNOLOGY price movement. The serial correlation of -0.19 indicates that over 19.0% of current AECOM TECHNOLOGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 65.54 |
AECOM TECHNOLOGY lagged returns against current returns
Autocorrelation, which is AECOM TECHNOLOGY 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 AECOM TECHNOLOGY's stock expected returns. We can calculate the autocorrelation of AECOM TECHNOLOGY returns to help us make a trade decision. For example, suppose you find that AECOM TECHNOLOGY 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 |
AECOM TECHNOLOGY 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 AECOM TECHNOLOGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AECOM TECHNOLOGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AECOM TECHNOLOGY stock over time.
Current vs Lagged Prices |
| Timeline |
AECOM TECHNOLOGY Lagged Returns
When evaluating AECOM TECHNOLOGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AECOM TECHNOLOGY stock have on its future price. AECOM TECHNOLOGY 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, AECOM TECHNOLOGY autocorrelation shows the relationship between AECOM TECHNOLOGY stock current value and its past values and can show if there is a momentum factor associated with investing in AECOM TECHNOLOGY.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in AECOM Stock
When determining whether AECOM TECHNOLOGY is a strong investment it is important to analyze AECOM TECHNOLOGY'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 AECOM TECHNOLOGY's future performance. For an informed investment choice regarding AECOM Stock, refer to the following important reports:Check out AECOM TECHNOLOGY Correlation, AECOM TECHNOLOGY Volatility and AECOM TECHNOLOGY Alpha and Beta module to complement your research on AECOM TECHNOLOGY. For information on how to trade AECOM Stock refer to our How to Trade AECOM Stock guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
AECOM TECHNOLOGY 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.