Atlassian Plc (Brazil) Market Value
| T1AM34 Stock | BRL 77.28 2.24 2.82% |
| Symbol | Atlassian |
Atlassian Plc '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 Atlassian Plc'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 Atlassian Plc.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Atlassian Plc on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Atlassian Plc or generate 0.0% return on investment in Atlassian Plc over 720 days. Atlassian Plc is related to or competes with Monster Beverage, Healthpeak Properties, Tres Tentos, and MAHLE Metal. Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software product... More
Atlassian Plc 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 Atlassian Plc'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 Atlassian Plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.2661 | |||
| Maximum Drawdown | 25.03 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 4.98 |
Atlassian Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlassian Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlassian Plc's standard deviation. In reality, there are many statistical measures that can use Atlassian Plc historical prices to predict the future Atlassian Plc's volatility.| Risk Adjusted Performance | 0.2261 | |||
| Jensen Alpha | 0.8993 | |||
| Total Risk Alpha | 0.8117 | |||
| Sortino Ratio | 0.2567 | |||
| Treynor Ratio | 3.78 |
Atlassian Plc Backtested Returns
Atlassian Plc appears to be very steady, given 3 months investment horizon. Atlassian Plc secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of risk over the last 3 months. By analyzing Atlassian Plc's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please makes use of Atlassian Plc's Mean Deviation of 1.87, downside deviation of 3.44, and Risk Adjusted Performance of 0.2261 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Atlassian Plc holds a performance score of 22. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Atlassian Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atlassian Plc is expected to be smaller as well. Please check Atlassian Plc's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Atlassian Plc's price patterns will revert.
Auto-correlation | 0.24 |
Weak predictability
Atlassian Plc has weak predictability. Overlapping area represents the amount of predictability between Atlassian Plc time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Atlassian Plc price movement. The serial correlation of 0.24 indicates that over 24.0% of current Atlassian Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 116.83 |
Atlassian Plc lagged returns against current returns
Autocorrelation, which is Atlassian Plc 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 Atlassian Plc's stock expected returns. We can calculate the autocorrelation of Atlassian Plc returns to help us make a trade decision. For example, suppose you find that Atlassian Plc 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 |
Atlassian Plc 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 Atlassian Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlassian Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlassian Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Atlassian Plc Lagged Returns
When evaluating Atlassian Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlassian Plc stock have on its future price. Atlassian Plc 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, Atlassian Plc autocorrelation shows the relationship between Atlassian Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Atlassian 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 Atlassian Stock
Atlassian Plc financial ratios help investors to determine whether Atlassian 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 Atlassian with respect to the benefits of owning Atlassian Plc security.