Autodesk (Brazil) Market Value
| A1UT34 Stock | BRL 458.10 5.85 1.29% |
| Symbol | Autodesk |
Autodesk '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 Autodesk'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 Autodesk.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Autodesk on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Autodesk or generate 0.0% return on investment in Autodesk over 30 days. Autodesk is related to or competes with ServiceNow, Shopify, Snowflake, Atlassian Plc, Trade Desk, and Zoom Video. Autodesk, Inc. provides 3D design, engineering, and entertainment software and services worldwide More
Autodesk 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 Autodesk'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 Autodesk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.1824 | |||
| Maximum Drawdown | 11.43 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.76 |
Autodesk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Autodesk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Autodesk's standard deviation. In reality, there are many statistical measures that can use Autodesk historical prices to predict the future Autodesk's volatility.| Risk Adjusted Performance | 0.1719 | |||
| Jensen Alpha | 0.3418 | |||
| Total Risk Alpha | 0.2758 | |||
| Sortino Ratio | 0.1481 | |||
| Treynor Ratio | 1.31 |
Autodesk Backtested Returns
Autodesk appears to be very steady, given 3 months investment horizon. Autodesk secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Autodesk, which you can use to evaluate the volatility of the firm. Please makes use of Autodesk's Mean Deviation of 1.26, downside deviation of 2.14, and Risk Adjusted Performance of 0.1719 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Autodesk holds a performance score of 15. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Autodesk's returns are expected to increase less than the market. However, during the bear market, the loss of holding Autodesk is expected to be smaller as well. Please check Autodesk's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Autodesk's price patterns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
Autodesk has modest reverse predictability. Overlapping area represents the amount of predictability between Autodesk time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Autodesk price movement. The serial correlation of -0.47 indicates that about 47.0% of current Autodesk price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 24.26 |
Autodesk lagged returns against current returns
Autocorrelation, which is Autodesk 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 Autodesk's stock expected returns. We can calculate the autocorrelation of Autodesk returns to help us make a trade decision. For example, suppose you find that Autodesk 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 |
Autodesk 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 Autodesk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Autodesk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Autodesk stock over time.
Current vs Lagged Prices |
| Timeline |
Autodesk Lagged Returns
When evaluating Autodesk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Autodesk stock have on its future price. Autodesk 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, Autodesk autocorrelation shows the relationship between Autodesk stock current value and its past values and can show if there is a momentum factor associated with investing in Autodesk.
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.Additional Information and Resources on Investing in Autodesk Stock
When determining whether Autodesk is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Autodesk Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Autodesk Stock. Highlighted below are key reports to facilitate an investment decision about Autodesk Stock:Check out Autodesk Correlation, Autodesk Volatility and Autodesk Alpha and Beta module to complement your research on Autodesk. For information on how to trade Autodesk Stock refer to our How to Trade Autodesk Stock guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Autodesk technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.