Antibiotice (Romania) Market Value
| ATB Stock | 2.69 0.01 0.37% |
| Symbol | Antibiotice |
Please note, there is a significant difference between Antibiotice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Antibiotice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Antibiotice's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Antibiotice '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 Antibiotice'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 Antibiotice.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Antibiotice on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Antibiotice Ia or generate 0.0% return on investment in Antibiotice over 30 days. More
Antibiotice 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 Antibiotice'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 Antibiotice Ia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 21.59 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 4.5 |
Antibiotice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Antibiotice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Antibiotice's standard deviation. In reality, there are many statistical measures that can use Antibiotice historical prices to predict the future Antibiotice's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.2118 |
Antibiotice Ia Backtested Returns
Antibiotice Ia secures Sharpe Ratio (or Efficiency) of -0.0448, which signifies that the company had a -0.0448% return per unit of risk over the last 3 months. Antibiotice Ia exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Antibiotice's Mean Deviation of 1.62, risk adjusted performance of (0.02), and Standard Deviation of 2.93 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Antibiotice are expected to decrease at a much lower rate. During the bear market, Antibiotice is likely to outperform the market. At this point, Antibiotice Ia has a negative expected return of -0.13%. Please make sure to confirm Antibiotice's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Antibiotice Ia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Antibiotice Ia has very good reverse predictability. Overlapping area represents the amount of predictability between Antibiotice 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 Antibiotice Ia price movement. The serial correlation of -0.69 indicates that around 69.0% of current Antibiotice price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Antibiotice Ia lagged returns against current returns
Autocorrelation, which is Antibiotice 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 Antibiotice's stock expected returns. We can calculate the autocorrelation of Antibiotice returns to help us make a trade decision. For example, suppose you find that Antibiotice 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 |
Antibiotice 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 Antibiotice stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Antibiotice stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Antibiotice stock over time.
Current vs Lagged Prices |
| Timeline |
Antibiotice Lagged Returns
When evaluating Antibiotice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Antibiotice stock have on its future price. Antibiotice 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, Antibiotice autocorrelation shows the relationship between Antibiotice stock current value and its past values and can show if there is a momentum factor associated with investing in Antibiotice Ia.
Regressed Prices |
| Timeline |
Pair Trading with Antibiotice
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Antibiotice position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Antibiotice will appreciate offsetting losses from the drop in the long position's value.Moving together with Antibiotice Stock
The ability to find closely correlated positions to Antibiotice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Antibiotice when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Antibiotice - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Antibiotice Ia to buy it.
The correlation of Antibiotice is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Antibiotice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Antibiotice Ia moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Antibiotice can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Antibiotice Stock
Antibiotice financial ratios help investors to determine whether Antibiotice 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 Antibiotice with respect to the benefits of owning Antibiotice security.