Avanza Bank (Sweden) Market Value
| AZA Stock | SEK 225.80 1.90 0.85% |
| Symbol | Avanza |
Avanza Bank '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 Avanza Bank'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 Avanza Bank.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Avanza Bank on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Avanza Bank Holding or generate 0.0% return on investment in Avanza Bank over 30 days. Avanza Bank is related to or competes with Axfood AB, SBB-B, Castellum, Investor, and Kinnevik Investment. Avanza Bank Holding AB , together with its subsidiaries, provides online stock trading services in Sweden More
Avanza Bank 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 Avanza Bank'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 Avanza Bank Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 2.22 |
Avanza Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Avanza Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Avanza Bank's standard deviation. In reality, there are many statistical measures that can use Avanza Bank historical prices to predict the future Avanza Bank's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.5749 |
Avanza Bank Holding Backtested Returns
Avanza Bank Holding secures Sharpe Ratio (or Efficiency) of -0.0538, which signifies that the company had a -0.0538% return per unit of standard deviation over the last 3 months. Avanza Bank Holding exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Avanza Bank's mean deviation of 1.26, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Avanza Bank are expected to decrease at a much lower rate. During the bear market, Avanza Bank is likely to outperform the market. At this point, Avanza Bank Holding has a negative expected return of -0.0928%. Please make sure to confirm Avanza Bank's maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if Avanza Bank Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Avanza Bank Holding has good reverse predictability. Overlapping area represents the amount of predictability between Avanza Bank time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Avanza Bank Holding price movement. The serial correlation of -0.51 indicates that about 51.0% of current Avanza Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 10.31 |
Avanza Bank Holding lagged returns against current returns
Autocorrelation, which is Avanza Bank 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 Avanza Bank's stock expected returns. We can calculate the autocorrelation of Avanza Bank returns to help us make a trade decision. For example, suppose you find that Avanza Bank 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 |
Avanza Bank 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 Avanza Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Avanza Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Avanza Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Avanza Bank Lagged Returns
When evaluating Avanza Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Avanza Bank stock have on its future price. Avanza Bank 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, Avanza Bank autocorrelation shows the relationship between Avanza Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Avanza Bank Holding.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Avanza Stock Analysis
When running Avanza Bank's price analysis, check to measure Avanza Bank'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 Avanza Bank is operating at the current time. Most of Avanza Bank's value examination focuses on studying past and present price action to predict the probability of Avanza Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avanza Bank's price. Additionally, you may evaluate how the addition of Avanza Bank to your portfolios can decrease your overall portfolio volatility.