ATHENE HLDG LTD Market Value
| 04686JAB7 | 103.67 1.45 1.38% |
| Symbol | ATHENE |
ATHENE '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 ATHENE's bond 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 ATHENE.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in ATHENE on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding ATHENE HLDG LTD or generate 0.0% return on investment in ATHENE over 540 days. ATHENE is related to or competes with 00108WAF7, 90331HPL1, American Express, Chevron Corp, Cisco Systems, Verizon Communications, and Merck. More
ATHENE 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 ATHENE's bond 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 ATHENE HLDG LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.75 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 0.9517 |
ATHENE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATHENE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATHENE's standard deviation. In reality, there are many statistical measures that can use ATHENE historical prices to predict the future ATHENE's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.42) |
ATHENE HLDG LTD Backtested Returns
ATHENE HLDG LTD secures Sharpe Ratio (or Efficiency) of -0.0497, which signifies that the bond had a -0.0497% return per unit of risk over the last 3 months. ATHENE HLDG LTD exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ATHENE's Mean Deviation of 0.5601, standard deviation of 0.8743, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ATHENE's returns are expected to increase less than the market. However, during the bear market, the loss of holding ATHENE is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
ATHENE HLDG LTD has below average predictability. Overlapping area represents the amount of predictability between ATHENE time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 ATHENE HLDG LTD price movement. The serial correlation of 0.36 indicates that just about 36.0% of current ATHENE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 2.79 |
ATHENE HLDG LTD lagged returns against current returns
Autocorrelation, which is ATHENE bond'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 ATHENE's bond expected returns. We can calculate the autocorrelation of ATHENE returns to help us make a trade decision. For example, suppose you find that ATHENE has exhibited high autocorrelation historically, and you observe that the bond 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 |
ATHENE 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 ATHENE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATHENE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATHENE bond over time.
Current vs Lagged Prices |
| Timeline |
ATHENE Lagged Returns
When evaluating ATHENE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATHENE bond have on its future price. ATHENE 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, ATHENE autocorrelation shows the relationship between ATHENE bond current value and its past values and can show if there is a momentum factor associated with investing in ATHENE HLDG LTD.
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.Other Information on Investing in ATHENE Bond
ATHENE financial ratios help investors to determine whether ATHENE Bond 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 ATHENE with respect to the benefits of owning ATHENE security.