Associated British (Germany) Market Value
| AFO1 Stock | EUR 26.83 0.32 1.18% |
| Symbol | Associated |
Associated British '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 Associated British'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 Associated British.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Associated British on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Associated British Foods or generate 0.0% return on investment in Associated British over 30 days. Associated British is related to or competes with Hormel Foods, Superior Plus, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, Reliance Steel, and RYOHIN UNSPADR1. Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide More
Associated British 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 Associated British'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 Associated British Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.17 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.87 |
Associated British Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Associated British's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Associated British's standard deviation. In reality, there are many statistical measures that can use Associated British historical prices to predict the future Associated British's volatility.| Risk Adjusted Performance | 0.0493 | |||
| Jensen Alpha | 0.032 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1919 |
Associated British Foods Backtested Returns
At this point, Associated British is very steady. Associated British Foods secures Sharpe Ratio (or Efficiency) of 0.0622, which signifies that the company had a 0.0622% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Associated British Foods, which you can use to evaluate the volatility of the firm. Please confirm Associated British's Downside Deviation of 1.32, mean deviation of 1.17, and Risk Adjusted Performance of 0.0493 to double-check if the risk estimate we provide is consistent with the expected return of 0.0897%. Associated British has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Associated British's returns are expected to increase less than the market. However, during the bear market, the loss of holding Associated British is expected to be smaller as well. Associated British Foods right now shows a risk of 1.44%. Please confirm Associated British Foods sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Associated British Foods will be following its price patterns.
Auto-correlation | -0.83 |
Excellent reverse predictability
Associated British Foods has excellent reverse predictability. Overlapping area represents the amount of predictability between Associated British time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 Associated British Foods price movement. The serial correlation of -0.83 indicates that around 83.0% of current Associated British price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Associated British Foods lagged returns against current returns
Autocorrelation, which is Associated British 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 Associated British's stock expected returns. We can calculate the autocorrelation of Associated British returns to help us make a trade decision. For example, suppose you find that Associated British 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 |
Associated British 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 Associated British stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Associated British stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Associated British stock over time.
Current vs Lagged Prices |
| Timeline |
Associated British Lagged Returns
When evaluating Associated British's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Associated British stock have on its future price. Associated British 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, Associated British autocorrelation shows the relationship between Associated British stock current value and its past values and can show if there is a momentum factor associated with investing in Associated British Foods.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Associated Stock
Associated British financial ratios help investors to determine whether Associated 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 Associated with respect to the benefits of owning Associated British security.