Afentra PLC (Germany) Market Value
| TB8A Stock | EUR 0.52 0.01 1.89% |
| Symbol | Afentra |
Afentra PLC '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 Afentra PLC'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 Afentra PLC.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Afentra PLC on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Afentra PLC or generate 0.0% return on investment in Afentra PLC over 30 days. Afentra PLC is related to or competes with EHEALTH, Bausch Health, Heartland Financial, National Bank, and REVO INSURANCE. Sterling Energy plc, together with its subsidiaries, operates as an upstream oil and gas exploration and production comp... More
Afentra PLC 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 Afentra PLC'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 Afentra PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 12.63 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 3.77 |
Afentra PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Afentra PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Afentra PLC's standard deviation. In reality, there are many statistical measures that can use Afentra PLC historical prices to predict the future Afentra PLC's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.1694 |
Afentra PLC Backtested Returns
Afentra PLC secures Sharpe Ratio (or Efficiency) of -0.0409, which signifies that the company had a -0.0409% return per unit of standard deviation over the last 3 months. Afentra PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Afentra PLC's risk adjusted performance of (0.02), and Mean Deviation of 1.57 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Afentra PLC are expected to decrease at a much lower rate. During the bear market, Afentra PLC is likely to outperform the market. At this point, Afentra PLC has a negative expected return of -0.0901%. Please make sure to confirm Afentra PLC's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Afentra PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Afentra PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between Afentra PLC time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Afentra PLC price movement. The serial correlation of -0.03 indicates that only 3.0% of current Afentra PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Afentra PLC lagged returns against current returns
Autocorrelation, which is Afentra PLC 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 Afentra PLC's stock expected returns. We can calculate the autocorrelation of Afentra PLC returns to help us make a trade decision. For example, suppose you find that Afentra PLC 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 |
Afentra PLC 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 Afentra PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Afentra PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Afentra PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Afentra PLC Lagged Returns
When evaluating Afentra PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Afentra PLC stock have on its future price. Afentra PLC 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, Afentra PLC autocorrelation shows the relationship between Afentra PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Afentra PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Afentra Stock
Afentra PLC financial ratios help investors to determine whether Afentra 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 Afentra with respect to the benefits of owning Afentra PLC security.