ABACUS STORAGE (Australia) Market Value
| ASK Stock | 1.22 0.01 0.83% |
| Symbol | ABACUS |
ABACUS STORAGE '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 ABACUS STORAGE'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 ABACUS STORAGE.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in ABACUS STORAGE on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding ABACUS STORAGE KING or generate 0.0% return on investment in ABACUS STORAGE over 90 days. ABACUS STORAGE is related to or competes with Westpac Banking, IShares Global, Ridley, Adriatic Metals, and Australian Agricultural. ABACUS STORAGE is entity of Australia. It is traded as Stock on AU exchange. More
ABACUS STORAGE 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 ABACUS STORAGE'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 ABACUS STORAGE KING upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.25 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.46 |
ABACUS STORAGE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABACUS STORAGE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABACUS STORAGE's standard deviation. In reality, there are many statistical measures that can use ABACUS STORAGE historical prices to predict the future ABACUS STORAGE's volatility.| Risk Adjusted Performance | 0.0106 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0037 |
ABACUS STORAGE KING Backtested Returns
ABACUS STORAGE KING retains Efficiency (Sharpe Ratio) of -0.018, which signifies that the company had a -0.018% return per unit of risk over the last 3 months. ABACUS STORAGE exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ABACUS STORAGE's coefficient of variation of 13491.92, and Market Risk Adjusted Performance of 0.0137 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ABACUS STORAGE's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABACUS STORAGE is expected to be smaller as well. At this point, ABACUS STORAGE KING has a negative expected return of -0.0269%. Please make sure to confirm ABACUS STORAGE's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if ABACUS STORAGE KING performance from the past will be repeated at some future date.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
ABACUS STORAGE KING has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ABACUS STORAGE time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th of November 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 ABACUS STORAGE KING price movement. The serial correlation of -0.73 indicates that around 73.0% of current ABACUS STORAGE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ABACUS STORAGE KING lagged returns against current returns
Autocorrelation, which is ABACUS STORAGE 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 ABACUS STORAGE's stock expected returns. We can calculate the autocorrelation of ABACUS STORAGE returns to help us make a trade decision. For example, suppose you find that ABACUS STORAGE 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 |
ABACUS STORAGE 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 ABACUS STORAGE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABACUS STORAGE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABACUS STORAGE stock over time.
Current vs Lagged Prices |
| Timeline |
ABACUS STORAGE Lagged Returns
When evaluating ABACUS STORAGE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABACUS STORAGE stock have on its future price. ABACUS STORAGE 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, ABACUS STORAGE autocorrelation shows the relationship between ABACUS STORAGE stock current value and its past values and can show if there is a momentum factor associated with investing in ABACUS STORAGE KING.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for ABACUS Stock Analysis
When running ABACUS STORAGE's price analysis, check to measure ABACUS STORAGE'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 ABACUS STORAGE is operating at the current time. Most of ABACUS STORAGE's value examination focuses on studying past and present price action to predict the probability of ABACUS STORAGE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABACUS STORAGE's price. Additionally, you may evaluate how the addition of ABACUS STORAGE to your portfolios can decrease your overall portfolio volatility.