A1EN34's market value is the price at which a share of A1EN34 trades on a public exchange. It measures the collective expectations of A1EN34 investors about its performance. A1EN34 is trading at 256.45 as of the 27th of December 2024, a No Change since the beginning of the trading day. The stock's open price was 256.45. With this module, you can estimate the performance of a buy and hold strategy of A1EN34 and determine expected loss or profit from investing in A1EN34 over a given investment horizon. Check out Trending Equities 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
A1EN34
A1EN34 '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 A1EN34'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 A1EN34.
0.00
01/12/2022
No Change 0.00
0.0
In 2 years 11 months and 16 days
12/27/2024
0.00
If you would invest 0.00 in A1EN34 on January 12, 2022 and sell it all today you would earn a total of 0.00 from holding A1EN34 or generate 0.0% return on investment in A1EN34 over 1080 days.
A1EN34 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 A1EN34'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 A1EN34 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 A1EN34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as A1EN34's standard deviation. In reality, there are many statistical measures that can use A1EN34 historical prices to predict the future A1EN34's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as A1EN34. Your research has to be compared to or analyzed against A1EN34's peers to derive any actionable benefits. When done correctly, A1EN34'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 A1EN34.
A1EN34 Backtested Returns
At this point, A1EN34 is very steady. A1EN34 secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for A1EN34, which you can use to evaluate the volatility of the entity. Please confirm A1EN34's variance of 0.0085, and Mean Deviation of 0.0224 to double-check if the risk estimate we provide is consistent with the expected return of 0.0125%. A1EN34 has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0643, which signifies not very significant fluctuations relative to the market. As returns on the market increase, A1EN34's returns are expected to increase less than the market. However, during the bear market, the loss of holding A1EN34 is expected to be smaller as well. A1EN34 today shows a risk of 0.0969%. Please confirm A1EN34 standard deviation, information ratio, and the relationship between the coefficient of variation and variance , to decide if A1EN34 will be following its price patterns.
Auto-correlation
0.52
Modest predictability
A1EN34 has modest predictability. Overlapping area represents the amount of predictability between A1EN34 time series from 12th of January 2022 to 6th of July 2023 and 6th of July 2023 to 27th 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 A1EN34 price movement. The serial correlation of 0.52 indicates that about 52.0% of current A1EN34 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.52
Spearman Rank Test
0.4
Residual Average
0.0
Price Variance
20.09
A1EN34 lagged returns against current returns
Autocorrelation, which is A1EN34 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 A1EN34's stock expected returns. We can calculate the autocorrelation of A1EN34 returns to help us make a trade decision. For example, suppose you find that A1EN34 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
A1EN34 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 A1EN34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if A1EN34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in A1EN34 stock over time.
Current vs Lagged Prices
Timeline
A1EN34 Lagged Returns
When evaluating A1EN34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of A1EN34 stock have on its future price. A1EN34 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, A1EN34 autocorrelation shows the relationship between A1EN34 stock current value and its past values and can show if there is a momentum factor associated with investing in A1EN34.
Regressed Prices
Timeline
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