AXASA 6379 Market Value
| 054536AC1 | 109.29 0.00 0.00% |
| Symbol | AXASA |
Please note, there is a significant difference between AXASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXASA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
AXASA '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 AXASA'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 AXASA.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in AXASA on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding AXASA 6379 or generate 0.0% return on investment in AXASA over 180 days. AXASA is related to or competes with MYR, Emerson Electric, Highway Holdings, Hurco Companies, Chart Industries, Westinghouse Air, and Griffon. More
AXASA 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 AXASA'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 AXASA 6379 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 6.32 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 2.66 |
AXASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXASA's standard deviation. In reality, there are many statistical measures that can use AXASA historical prices to predict the future AXASA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.3697 |
AXASA 6379 Backtested Returns
At this point, AXASA is very steady. AXASA 6379 retains Efficiency (Sharpe Ratio) of 0.0437, which signifies that the bond had a 0.0437% return per unit of risk over the last 3 months. We have found eighteen technical indicators for AXASA, which you can use to evaluate the volatility of the entity. Please confirm AXASA's variance of 2.68, and Market Risk Adjusted Performance of 0.3797 to double-check if the risk estimate we provide is consistent with the expected return of 0.0484%. The bond owns a Beta (Systematic Risk) of -0.0963, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AXASA are expected to decrease at a much lower rate. During the bear market, AXASA is likely to outperform the market.
Auto-correlation | 0.16 |
Very weak predictability
AXASA 6379 has very weak predictability. Overlapping area represents the amount of predictability between AXASA time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 AXASA 6379 price movement. The serial correlation of 0.16 indicates that over 16.0% of current AXASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 2.15 |
AXASA 6379 lagged returns against current returns
Autocorrelation, which is AXASA 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 AXASA's bond expected returns. We can calculate the autocorrelation of AXASA returns to help us make a trade decision. For example, suppose you find that AXASA 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 |
AXASA 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 AXASA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXASA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXASA bond over time.
Current vs Lagged Prices |
| Timeline |
AXASA Lagged Returns
When evaluating AXASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXASA bond have on its future price. AXASA 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, AXASA autocorrelation shows the relationship between AXASA bond current value and its past values and can show if there is a momentum factor associated with investing in AXASA 6379.
Regressed Prices |
| Timeline |
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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 AXASA Bond
AXASA financial ratios help investors to determine whether AXASA 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 AXASA with respect to the benefits of owning AXASA security.