ABERFORTH SMCOS (Germany) Market Value
| 0KJ Stock | EUR 15.80 0.10 0.64% |
| Symbol | ABERFORTH |
ABERFORTH SMCOS '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 ABERFORTH SMCOS'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 ABERFORTH SMCOS.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in ABERFORTH SMCOS on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding ABERFORTH SMCOS TRLS 01 or generate 0.0% return on investment in ABERFORTH SMCOS over 90 days. ABERFORTH SMCOS is related to or competes with United Airlines, Laureate Education, Aegean Airlines, SINGAPORE AIRLINES, Strategic Education, CAREER EDUCATION, and Grand Canyon. Aberforth Smaller Companies Trust Plc is a closed-ended equity mutual fund launched and managed by Aberforth Partners LL... More
ABERFORTH SMCOS 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 ABERFORTH SMCOS'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 ABERFORTH SMCOS TRLS 01 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.71 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 2.46 |
ABERFORTH SMCOS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABERFORTH SMCOS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABERFORTH SMCOS's standard deviation. In reality, there are many statistical measures that can use ABERFORTH SMCOS historical prices to predict the future ABERFORTH SMCOS's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | 0.0514 | |||
| Treynor Ratio | 1.5 |
ABERFORTH SMCOS TRLS Backtested Returns
ABERFORTH SMCOS TRLS secures Sharpe Ratio (or Efficiency) of -0.0782, which signifies that the company had a -0.0782 % return per unit of risk over the last 3 months. ABERFORTH SMCOS TRLS 01 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ABERFORTH SMCOS's variance of 2.32, and Mean Deviation of 1.03 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0929, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ABERFORTH SMCOS are expected to decrease at a much lower rate. During the bear market, ABERFORTH SMCOS is likely to outperform the market. At this point, ABERFORTH SMCOS TRLS has a negative expected return of -0.12%. Please make sure to confirm ABERFORTH SMCOS's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if ABERFORTH SMCOS TRLS performance from the past will be repeated at some future date.
Auto-correlation | 0.22 |
Weak predictability
ABERFORTH SMCOS TRLS 01 has weak predictability. Overlapping area represents the amount of predictability between ABERFORTH SMCOS time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ABERFORTH SMCOS TRLS price movement. The serial correlation of 0.22 indicates that over 22.0% of current ABERFORTH SMCOS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
ABERFORTH SMCOS TRLS lagged returns against current returns
Autocorrelation, which is ABERFORTH SMCOS 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 ABERFORTH SMCOS's stock expected returns. We can calculate the autocorrelation of ABERFORTH SMCOS returns to help us make a trade decision. For example, suppose you find that ABERFORTH SMCOS 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 |
ABERFORTH SMCOS 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 ABERFORTH SMCOS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABERFORTH SMCOS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABERFORTH SMCOS stock over time.
Current vs Lagged Prices |
| Timeline |
ABERFORTH SMCOS Lagged Returns
When evaluating ABERFORTH SMCOS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABERFORTH SMCOS stock have on its future price. ABERFORTH SMCOS 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, ABERFORTH SMCOS autocorrelation shows the relationship between ABERFORTH SMCOS stock current value and its past values and can show if there is a momentum factor associated with investing in ABERFORTH SMCOS TRLS 01.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ABERFORTH Stock
ABERFORTH SMCOS financial ratios help investors to determine whether ABERFORTH 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 ABERFORTH with respect to the benefits of owning ABERFORTH SMCOS security.