Aurubis AG (Germany) Market Value
| NDA Stock | 77.90 1.70 2.14% |
| Symbol | Aurubis |
Aurubis AG '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 Aurubis AG'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 Aurubis AG.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Aurubis AG on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Aurubis AG or generate 0.0% return on investment in Aurubis AG over 720 days. Aurubis AG is related to or competes with Southern Copper, Lundin Mining, and . More
Aurubis AG 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 Aurubis AG'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 Aurubis AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.0582 | |||
| Maximum Drawdown | 15.95 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 5.18 |
Aurubis AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurubis AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurubis AG's standard deviation. In reality, there are many statistical measures that can use Aurubis AG historical prices to predict the future Aurubis AG's volatility.| Risk Adjusted Performance | 0.0621 | |||
| Jensen Alpha | 0.1988 | |||
| Total Risk Alpha | 0.11 | |||
| Sortino Ratio | 0.058 | |||
| Treynor Ratio | (0.58) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aurubis AG'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.
Aurubis AG Backtested Returns
Aurubis AG appears to be very steady, given 3 months investment horizon. Aurubis AG secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aurubis AG, which you can use to evaluate the volatility of the firm. Please makes use of Aurubis AG's Downside Deviation of 2.92, mean deviation of 1.78, and Risk Adjusted Performance of 0.0621 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aurubis AG holds a performance score of 10. 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, returns on owning Aurubis AG are expected to decrease at a much lower rate. During the bear market, Aurubis AG is likely to outperform the market. Please check Aurubis AG's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Aurubis AG's price patterns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Aurubis AG has poor reverse predictability. Overlapping area represents the amount of predictability between Aurubis AG time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Aurubis AG price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Aurubis AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 41.21 |
Aurubis AG lagged returns against current returns
Autocorrelation, which is Aurubis AG 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 Aurubis AG's stock expected returns. We can calculate the autocorrelation of Aurubis AG returns to help us make a trade decision. For example, suppose you find that Aurubis AG 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 |
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Aurubis AG 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 Aurubis AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurubis AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurubis AG stock over time.
Current vs Lagged Prices |
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Aurubis AG Lagged Returns
When evaluating Aurubis AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurubis AG stock have on its future price. Aurubis AG 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, Aurubis AG autocorrelation shows the relationship between Aurubis AG stock current value and its past values and can show if there is a momentum factor associated with investing in Aurubis AG.
Regressed Prices |
| Timeline |
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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.Additional Tools for Aurubis Stock Analysis
When running Aurubis AG's price analysis, check to measure Aurubis AG'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 Aurubis AG is operating at the current time. Most of Aurubis AG's value examination focuses on studying past and present price action to predict the probability of Aurubis AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurubis AG's price. Additionally, you may evaluate how the addition of Aurubis AG to your portfolios can decrease your overall portfolio volatility.