ANSYS (Germany) Market Value
| AKX Stock | EUR 330.50 1.00 0.30% |
| Symbol | ANSYS |
ANSYS '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 ANSYS'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 ANSYS.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in ANSYS on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding ANSYS Inc or generate 0.0% return on investment in ANSYS over 30 days. ANSYS is related to or competes with Mitsubishi Gas, Eastman Chemical, EAT WELL, WisdomTree Investments, Westlake Chemical, MGIC INVESTMENT, and SHIN ETSU. ANSYS, Inc. develops and markets engineering simulation software and services worldwide More
ANSYS 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 ANSYS'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 ANSYS Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0584 | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 2.44 |
ANSYS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANSYS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANSYS's standard deviation. In reality, there are many statistical measures that can use ANSYS historical prices to predict the future ANSYS's volatility.| Risk Adjusted Performance | 0.1115 | |||
| Jensen Alpha | 0.1714 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0697 | |||
| Treynor Ratio | 0.7151 |
ANSYS Inc Backtested Returns
ANSYS appears to be very steady, given 3 months investment horizon. ANSYS Inc 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 ANSYS Inc, which you can use to evaluate the volatility of the firm. Please makes use of ANSYS's mean deviation of 1.13, and Risk Adjusted Performance of 0.1115 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ANSYS holds a performance score of 15. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ANSYS's returns are expected to increase less than the market. However, during the bear market, the loss of holding ANSYS is expected to be smaller as well. Please check ANSYS's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to make a quick decision on whether ANSYS's price patterns will revert.
Auto-correlation | 0.90 |
Excellent predictability
ANSYS Inc has excellent predictability. Overlapping area represents the amount of predictability between ANSYS time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 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 ANSYS Inc price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current ANSYS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 37.54 |
ANSYS Inc lagged returns against current returns
Autocorrelation, which is ANSYS 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 ANSYS's stock expected returns. We can calculate the autocorrelation of ANSYS returns to help us make a trade decision. For example, suppose you find that ANSYS 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 |
ANSYS 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 ANSYS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANSYS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANSYS stock over time.
Current vs Lagged Prices |
| Timeline |
ANSYS Lagged Returns
When evaluating ANSYS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANSYS stock have on its future price. ANSYS 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, ANSYS autocorrelation shows the relationship between ANSYS stock current value and its past values and can show if there is a momentum factor associated with investing in ANSYS Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in ANSYS Stock
When determining whether ANSYS Inc is a strong investment it is important to analyze ANSYS's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ANSYS's future performance. For an informed investment choice regarding ANSYS Stock, refer to the following important reports:Check out ANSYS Correlation, ANSYS Volatility and ANSYS Alpha and Beta module to complement your research on ANSYS. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
ANSYS 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.