Advanced Braking (Australia) Market Value
| ABV Stock | 0.09 0 4.88% |
| Symbol | Advanced |
Advanced Braking '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 Advanced Braking'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 Advanced Braking.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Advanced Braking on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Advanced Braking Technology or generate 0.0% return on investment in Advanced Braking over 360 days. Advanced Braking is related to or competes with Readytech Holdings, Mayfield Childcare, WiseTech Global, and Collins Foods. Advanced Braking is entity of Australia. It is traded as Stock on AU exchange. More
Advanced Braking 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 Advanced Braking'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 Advanced Braking Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.0756 | |||
| Maximum Drawdown | 15.01 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 5.06 |
Advanced Braking Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Braking's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Braking's standard deviation. In reality, there are many statistical measures that can use Advanced Braking historical prices to predict the future Advanced Braking's volatility.| Risk Adjusted Performance | 0.0957 | |||
| Jensen Alpha | 0.3173 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0556 | |||
| Treynor Ratio | (22.88) |
Advanced Braking Tec Backtested Returns
Advanced Braking appears to be out of control, given 3 months investment horizon. Advanced Braking Tec secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Advanced Braking Technology, which you can use to evaluate the volatility of the firm. Please makes use of Advanced Braking's Downside Deviation of 3.62, mean deviation of 1.81, and Risk Adjusted Performance of 0.0957 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Advanced Braking holds a performance score of 8. The firm shows a Beta (market volatility) of -0.0138, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Advanced Braking are expected to decrease at a much lower rate. During the bear market, Advanced Braking is likely to outperform the market. Please check Advanced Braking'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 Advanced Braking's price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Advanced Braking Technology has insignificant reverse predictability. Overlapping area represents the amount of predictability between Advanced Braking time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Advanced Braking Tec price movement. The serial correlation of -0.17 indicates that over 17.0% of current Advanced Braking price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Advanced Braking Tec lagged returns against current returns
Autocorrelation, which is Advanced Braking 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 Advanced Braking's stock expected returns. We can calculate the autocorrelation of Advanced Braking returns to help us make a trade decision. For example, suppose you find that Advanced Braking 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 |
Advanced Braking 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 Advanced Braking stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Braking stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Braking stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Braking Lagged Returns
When evaluating Advanced Braking's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Braking stock have on its future price. Advanced Braking 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, Advanced Braking autocorrelation shows the relationship between Advanced Braking stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Braking Technology.
Regressed Prices |
| Timeline |
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Additional Tools for Advanced Stock Analysis
When running Advanced Braking's price analysis, check to measure Advanced Braking's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Advanced Braking is operating at the current time. Most of Advanced Braking's value examination focuses on studying past and present price action to predict the probability of Advanced Braking's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Braking's price. Additionally, you may evaluate how the addition of Advanced Braking to your portfolios can decrease your overall portfolio volatility.