Accsys Technologies (UK) Market Value
| AXS Stock | 47.65 0.30 0.63% |
| Symbol | Accsys |
Accsys Technologies '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 Accsys Technologies' 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 Accsys Technologies.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Accsys Technologies on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Accsys Technologies PLC or generate 0.0% return on investment in Accsys Technologies over 720 days. Accsys Technologies is related to or competes with Bankers Investment, Federal Realty, Beeks Trading, Lowland Investment, New Residential, and TR Property. Accsys Technologies is entity of United Kingdom More
Accsys Technologies 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 Accsys Technologies' 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 Accsys Technologies PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.76 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 3.64 |
Accsys Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accsys Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accsys Technologies' standard deviation. In reality, there are many statistical measures that can use Accsys Technologies historical prices to predict the future Accsys Technologies' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.33) |
Accsys Technologies PLC Backtested Returns
Accsys Technologies PLC secures Sharpe Ratio (or Efficiency) of -0.0256, which signifies that the company had a -0.0256% return per unit of standard deviation over the last 3 months. Accsys Technologies PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Accsys Technologies' risk adjusted performance of (0.02), and Mean Deviation of 1.88 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Accsys Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Accsys Technologies is expected to be smaller as well. At this point, Accsys Technologies PLC has a negative expected return of -0.0669%. Please make sure to confirm Accsys Technologies' value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if Accsys Technologies PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Accsys Technologies PLC has insignificant predictability. Overlapping area represents the amount of predictability between Accsys Technologies time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Accsys Technologies PLC price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Accsys Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 18.79 |
Accsys Technologies PLC lagged returns against current returns
Autocorrelation, which is Accsys Technologies 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 Accsys Technologies' stock expected returns. We can calculate the autocorrelation of Accsys Technologies returns to help us make a trade decision. For example, suppose you find that Accsys Technologies 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 |
Accsys Technologies 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 Accsys Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accsys Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accsys Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Accsys Technologies Lagged Returns
When evaluating Accsys Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accsys Technologies stock have on its future price. Accsys Technologies 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, Accsys Technologies autocorrelation shows the relationship between Accsys Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Accsys Technologies PLC.
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 Accsys Stock
Accsys Technologies financial ratios help investors to determine whether Accsys 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 Accsys with respect to the benefits of owning Accsys Technologies security.