Andover Bancorp Stock Market Value
| ANDC Stock | USD 20.00 0.00 0.00% |
| Symbol | Andover |
Andover Bancorp '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 Andover Bancorp's pink sheet 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 Andover Bancorp.
| 08/06/2024 |
| 12/04/2024 |
If you would invest 0.00 in Andover Bancorp on August 6, 2024 and sell it all today you would earn a total of 0.00 from holding Andover Bancorp or generate 0.0% return on investment in Andover Bancorp over 120 days. Andover Bancorp is related to or competes with First Hawaiian, Central Pacific, Territorial Bancorp, Comerica, Bank of Hawaii, Lloyds Banking, and Zions Bancorporation. Andover Bancorp, Inc. operates as the bank holding company for Andover Bank that provides commercial and retail banking ... More
Andover Bancorp 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 Andover Bancorp's pink sheet 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 Andover Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0034 | |||
| Maximum Drawdown | 37.41 | |||
| Potential Upside | 1.27 |
Andover Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andover Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Andover Bancorp's standard deviation. In reality, there are many statistical measures that can use Andover Bancorp historical prices to predict the future Andover Bancorp's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | 0.1384 | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.50) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Andover Bancorp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Andover Bancorp Backtested Returns
At this point, Andover Bancorp is not too volatile. Andover Bancorp secures Sharpe Ratio (or Efficiency) of 0.0372, which signifies that the company had a 0.0372% return per unit of standard deviation over the last 3 months. We have found eighteen technical indicators for Andover Bancorp, which you can use to evaluate the volatility of the firm. Please confirm Andover Bancorp's risk adjusted performance of 0.0362, and Mean Deviation of 0.8461 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Andover Bancorp has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Andover Bancorp are expected to decrease at a much lower rate. During the bear market, Andover Bancorp is likely to outperform the market. Andover Bancorp right now shows a risk of 3.41%. Please confirm Andover Bancorp coefficient of variation, jensen alpha, kurtosis, as well as the relationship between the variance and potential upside , to decide if Andover Bancorp will be following its price patterns.
Auto-correlation | 0.23 |
Weak predictability
Andover Bancorp has weak predictability. Overlapping area represents the amount of predictability between Andover Bancorp time series from 6th of August 2024 to 5th of October 2024 and 5th of October 2024 to 4th 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 Andover Bancorp price movement. The serial correlation of 0.23 indicates that over 23.0% of current Andover Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 4.79 |
Andover Bancorp lagged returns against current returns
Autocorrelation, which is Andover Bancorp pink sheet'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 Andover Bancorp's pink sheet expected returns. We can calculate the autocorrelation of Andover Bancorp returns to help us make a trade decision. For example, suppose you find that Andover Bancorp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Andover Bancorp 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 Andover Bancorp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Andover Bancorp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Andover Bancorp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Andover Bancorp Lagged Returns
When evaluating Andover Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Andover Bancorp pink sheet have on its future price. Andover Bancorp 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, Andover Bancorp autocorrelation shows the relationship between Andover Bancorp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Andover Bancorp.
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.Other Information on Investing in Andover Pink Sheet
Andover Bancorp financial ratios help investors to determine whether Andover Pink Sheet 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 Andover with respect to the benefits of owning Andover Bancorp security.