GREAT AJAX (Germany) Market Value
| 45R Stock | EUR 2.70 0.06 2.17% |
| Symbol | GREAT |
GREAT AJAX '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 GREAT AJAX'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 GREAT AJAX.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in GREAT AJAX on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding GREAT AJAX P or generate 0.0% return on investment in GREAT AJAX over 30 days. GREAT AJAX is related to or competes with SEI INVESTMENTS, SLR Investment, WisdomTree Investments, Carsales, CARSALESCOM, and CDL INVESTMENT. Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small b... More
GREAT AJAX 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 GREAT AJAX'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 GREAT AJAX P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.69 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 3.5 |
GREAT AJAX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GREAT AJAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GREAT AJAX's standard deviation. In reality, there are many statistical measures that can use GREAT AJAX historical prices to predict the future GREAT AJAX's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (1.00) |
GREAT AJAX P Backtested Returns
GREAT AJAX P holds Efficiency (Sharpe) Ratio of -0.0421, which attests that the entity had a -0.0421 % return per unit of return volatility over the last 3 months. GREAT AJAX P exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GREAT AJAX's Market Risk Adjusted Performance of (0.99), coefficient of variation of (3,907), and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0587, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GREAT AJAX's returns are expected to increase less than the market. However, during the bear market, the loss of holding GREAT AJAX is expected to be smaller as well. At this point, GREAT AJAX P has a negative expected return of -0.08%. Please make sure to check out GREAT AJAX's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if GREAT AJAX P performance from the past will be repeated in the future.
Auto-correlation | 0.21 |
Weak predictability
GREAT AJAX P has weak predictability. Overlapping area represents the amount of predictability between GREAT AJAX time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 GREAT AJAX P price movement. The serial correlation of 0.21 indicates that over 21.0% of current GREAT AJAX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GREAT AJAX P lagged returns against current returns
Autocorrelation, which is GREAT AJAX 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 GREAT AJAX's stock expected returns. We can calculate the autocorrelation of GREAT AJAX returns to help us make a trade decision. For example, suppose you find that GREAT AJAX 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 |
GREAT AJAX 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 GREAT AJAX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GREAT AJAX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GREAT AJAX stock over time.
Current vs Lagged Prices |
| Timeline |
GREAT AJAX Lagged Returns
When evaluating GREAT AJAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GREAT AJAX stock have on its future price. GREAT AJAX 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, GREAT AJAX autocorrelation shows the relationship between GREAT AJAX stock current value and its past values and can show if there is a momentum factor associated with investing in GREAT AJAX P.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GREAT Stock
GREAT AJAX financial ratios help investors to determine whether GREAT 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 GREAT with respect to the benefits of owning GREAT AJAX security.