AXAMANSARD INSURANCE's market value is the price at which a share of AXAMANSARD INSURANCE trades on a public exchange. It measures the collective expectations of AXAMANSARD INSURANCE PLC investors about its performance. AXAMANSARD INSURANCE is trading at 7.30 as of the 22nd of November 2024, a 4.29 percent increase since the beginning of the trading day. The stock's lowest day price was 6.9. With this module, you can estimate the performance of a buy and hold strategy of AXAMANSARD INSURANCE PLC and determine expected loss or profit from investing in AXAMANSARD INSURANCE over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
AXAMANSARD
AXAMANSARD INSURANCE '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 AXAMANSARD INSURANCE'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 AXAMANSARD INSURANCE.
0.00
10/23/2024
No Change 0.00
0.0
In 31 days
11/22/2024
0.00
If you would invest 0.00 in AXAMANSARD INSURANCE on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding AXAMANSARD INSURANCE PLC or generate 0.0% return on investment in AXAMANSARD INSURANCE over 30 days.
AXAMANSARD INSURANCE 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 AXAMANSARD INSURANCE'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 AXAMANSARD INSURANCE PLC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXAMANSARD INSURANCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXAMANSARD INSURANCE's standard deviation. In reality, there are many statistical measures that can use AXAMANSARD INSURANCE historical prices to predict the future AXAMANSARD INSURANCE's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AXAMANSARD INSURANCE. Your research has to be compared to or analyzed against AXAMANSARD INSURANCE's peers to derive any actionable benefits. When done correctly, AXAMANSARD INSURANCE's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in AXAMANSARD INSURANCE PLC.
AXAMANSARD INSURANCE PLC Backtested Returns
AXAMANSARD INSURANCE appears to be slightly risky, given 3 months investment horizon. AXAMANSARD INSURANCE PLC retains Efficiency (Sharpe Ratio) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By inspecting AXAMANSARD INSURANCE's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of AXAMANSARD INSURANCE's coefficient of variation of 555.1, and Market Risk Adjusted Performance of 1.11 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AXAMANSARD INSURANCE holds a performance score of 14. The firm owns a Beta (Systematic Risk) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AXAMANSARD INSURANCE's returns are expected to increase less than the market. However, during the bear market, the loss of holding AXAMANSARD INSURANCE is expected to be smaller as well. Please check AXAMANSARD INSURANCE's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether AXAMANSARD INSURANCE's current price history will revert.
Auto-correlation
0.62
Good predictability
AXAMANSARD INSURANCE PLC has good predictability. Overlapping area represents the amount of predictability between AXAMANSARD INSURANCE time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 AXAMANSARD INSURANCE PLC price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current AXAMANSARD INSURANCE price fluctuation can be explain by its past prices.
Correlation Coefficient
0.62
Spearman Rank Test
0.89
Residual Average
0.0
Price Variance
0.21
AXAMANSARD INSURANCE PLC lagged returns against current returns
Autocorrelation, which is AXAMANSARD INSURANCE 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 AXAMANSARD INSURANCE's stock expected returns. We can calculate the autocorrelation of AXAMANSARD INSURANCE returns to help us make a trade decision. For example, suppose you find that AXAMANSARD INSURANCE 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
AXAMANSARD INSURANCE 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 AXAMANSARD INSURANCE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXAMANSARD INSURANCE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXAMANSARD INSURANCE stock over time.
Current vs Lagged Prices
Timeline
AXAMANSARD INSURANCE Lagged Returns
When evaluating AXAMANSARD INSURANCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXAMANSARD INSURANCE stock have on its future price. AXAMANSARD INSURANCE 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, AXAMANSARD INSURANCE autocorrelation shows the relationship between AXAMANSARD INSURANCE stock current value and its past values and can show if there is a momentum factor associated with investing in AXAMANSARD INSURANCE PLC.
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.