ABO GROUP's market value is the price at which a share of ABO GROUP trades on a public exchange. It measures the collective expectations of ABO GROUP ENVIRONMENT investors about its performance. ABO GROUP is trading at 4.82 as of the 15th of December 2024. This is a 2.12 percent up since the beginning of the trading day. The stock's lowest day price was 4.82. With this module, you can estimate the performance of a buy and hold strategy of ABO GROUP ENVIRONMENT and determine expected loss or profit from investing in ABO GROUP over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
ABO
ABO GROUP '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 ABO GROUP'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 ABO GROUP.
0.00
12/26/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/15/2024
0.00
If you would invest 0.00 in ABO GROUP on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding ABO GROUP ENVIRONMENT or generate 0.0% return on investment in ABO GROUP over 720 days.
ABO GROUP 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 ABO GROUP'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 ABO GROUP ENVIRONMENT upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABO GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABO GROUP's standard deviation. In reality, there are many statistical measures that can use ABO GROUP historical prices to predict the future ABO GROUP's volatility.
ABO GROUP ENVIRONMENT 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. ABO GROUP ENVIRONMENT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ABO GROUP's Coefficient Of Variation of (781.97), variance of 2.18, and Mean Deviation of 1.08 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0985, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ABO GROUP's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABO GROUP is expected to be smaller as well. At this point, ABO GROUP ENVIRONMENT has a negative expected return of -0.2%. Please make sure to confirm ABO GROUP's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if ABO GROUP ENVIRONMENT performance from the past will be repeated in the future.
Auto-correlation
-0.07
Very weak reverse predictability
ABO GROUP ENVIRONMENT has very weak reverse predictability. Overlapping area represents the amount of predictability between ABO GROUP time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 ABO GROUP ENVIRONMENT price movement. The serial correlation of -0.07 indicates that barely 7.0% of current ABO GROUP price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.07
Spearman Rank Test
0.02
Residual Average
0.0
Price Variance
0.05
ABO GROUP ENVIRONMENT lagged returns against current returns
Autocorrelation, which is ABO GROUP 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 ABO GROUP's stock expected returns. We can calculate the autocorrelation of ABO GROUP returns to help us make a trade decision. For example, suppose you find that ABO GROUP 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
ABO GROUP 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 ABO GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABO GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABO GROUP stock over time.
Current vs Lagged Prices
Timeline
ABO GROUP Lagged Returns
When evaluating ABO GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABO GROUP stock have on its future price. ABO GROUP 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, ABO GROUP autocorrelation shows the relationship between ABO GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in ABO GROUP ENVIRONMENT.