ALLIANZ TECHNOTRLS-025 (Germany) Market Value
| 28X Stock | EUR 4.78 0.04 0.84% |
| Symbol | ALLIANZ |
ALLIANZ TECHNOTRLS-025 '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 ALLIANZ TECHNOTRLS-025'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 ALLIANZ TECHNOTRLS-025.
| 06/06/2024 |
| 12/03/2024 |
If you would invest 0.00 in ALLIANZ TECHNOTRLS-025 on June 6, 2024 and sell it all today you would earn a total of 0.00 from holding ALLIANZ TECHNOTRLS 025 or generate 0.0% return on investment in ALLIANZ TECHNOTRLS-025 over 180 days. ALLIANZ TECHNOTRLS-025 is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Almadex Minerals Limited acquires and explores for mineral properties in Canada, the United States, and Mexico More
ALLIANZ TECHNOTRLS-025 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 ALLIANZ TECHNOTRLS-025'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 ALLIANZ TECHNOTRLS 025 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0839 | |||
| Maximum Drawdown | 7.0 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.4 |
ALLIANZ TECHNOTRLS-025 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALLIANZ TECHNOTRLS-025's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALLIANZ TECHNOTRLS-025's standard deviation. In reality, there are many statistical measures that can use ALLIANZ TECHNOTRLS-025 historical prices to predict the future ALLIANZ TECHNOTRLS-025's volatility.| Risk Adjusted Performance | 0.1317 | |||
| Jensen Alpha | 0.1196 | |||
| Total Risk Alpha | 0.0146 | |||
| Sortino Ratio | 0.0621 | |||
| Treynor Ratio | 0.2263 |
ALLIANZ TECHNOTRLS 025 Backtested Returns
ALLIANZ TECHNOTRLS-025 appears to be somewhat reliable, given 3 months investment horizon. ALLIANZ TECHNOTRLS 025 secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for ALLIANZ TECHNOTRLS 025, which you can use to evaluate the volatility of the firm. Please makes use of ALLIANZ TECHNOTRLS-025's Risk Adjusted Performance of 0.1317, semi deviation of 1.43, and Mean Deviation of 1.15 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ALLIANZ TECHNOTRLS-025 holds a performance score of 15. The firm shows a Beta (market volatility) of 1.07, which signifies a somewhat significant risk relative to the market. ALLIANZ TECHNOTRLS-025 returns are very sensitive to returns on the market. As the market goes up or down, ALLIANZ TECHNOTRLS-025 is expected to follow. Please check ALLIANZ TECHNOTRLS-025's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether ALLIANZ TECHNOTRLS-025's price patterns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
ALLIANZ TECHNOTRLS 025 has modest reverse predictability. Overlapping area represents the amount of predictability between ALLIANZ TECHNOTRLS-025 time series from 6th of June 2024 to 4th of September 2024 and 4th of September 2024 to 3rd 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 ALLIANZ TECHNOTRLS 025 price movement. The serial correlation of -0.47 indicates that about 47.0% of current ALLIANZ TECHNOTRLS-025 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
ALLIANZ TECHNOTRLS 025 lagged returns against current returns
Autocorrelation, which is ALLIANZ TECHNOTRLS-025 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 ALLIANZ TECHNOTRLS-025's stock expected returns. We can calculate the autocorrelation of ALLIANZ TECHNOTRLS-025 returns to help us make a trade decision. For example, suppose you find that ALLIANZ TECHNOTRLS-025 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 |
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ALLIANZ TECHNOTRLS-025 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 ALLIANZ TECHNOTRLS-025 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALLIANZ TECHNOTRLS-025 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALLIANZ TECHNOTRLS-025 stock over time.
Current vs Lagged Prices |
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ALLIANZ TECHNOTRLS-025 Lagged Returns
When evaluating ALLIANZ TECHNOTRLS-025's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALLIANZ TECHNOTRLS-025 stock have on its future price. ALLIANZ TECHNOTRLS-025 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, ALLIANZ TECHNOTRLS-025 autocorrelation shows the relationship between ALLIANZ TECHNOTRLS-025 stock current value and its past values and can show if there is a momentum factor associated with investing in ALLIANZ TECHNOTRLS 025.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in ALLIANZ Stock
ALLIANZ TECHNOTRLS-025 financial ratios help investors to determine whether ALLIANZ 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 ALLIANZ with respect to the benefits of owning ALLIANZ TECHNOTRLS-025 security.