A2Z SMART's market value is the price at which a share of A2Z SMART trades on a public exchange. It measures the collective expectations of A2Z SMART TECHNOLOGIES investors about its performance. A2Z SMART is trading at 6.15 as of the 15th of December 2024. This is a 3.36 percent up since the beginning of the trading day. The stock's lowest day price was 5.95. With this module, you can estimate the performance of a buy and hold strategy of A2Z SMART TECHNOLOGIES and determine expected loss or profit from investing in A2Z SMART 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
A2Z
A2Z SMART '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 A2Z SMART'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 A2Z SMART.
0.00
01/25/2023
No Change 0.00
0.0
In 1 year 10 months and 22 days
12/15/2024
0.00
If you would invest 0.00 in A2Z SMART on January 25, 2023 and sell it all today you would earn a total of 0.00 from holding A2Z SMART TECHNOLOGIES or generate 0.0% return on investment in A2Z SMART over 690 days.
A2Z SMART 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 A2Z SMART'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 A2Z SMART TECHNOLOGIES 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 A2Z SMART's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as A2Z SMART's standard deviation. In reality, there are many statistical measures that can use A2Z SMART historical prices to predict the future A2Z SMART's volatility.
A2Z SMART is very risky given 3 months investment horizon. A2Z SMART TECHNOLOGIES secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the company had a 0.3% return per unit of volatility over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 2.75% are justified by taking the suggested risk. Use A2Z SMART Mean Deviation of 6.94, market risk adjusted performance of (14.05), and Coefficient Of Variation of 342.56 to evaluate company specific risk that cannot be diversified away. A2Z SMART holds a performance score of 23 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning A2Z SMART are expected to decrease at a much lower rate. During the bear market, A2Z SMART is likely to outperform the market. Use A2Z SMART value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to analyze future returns on A2Z SMART.
Auto-correlation
-0.45
Modest reverse predictability
A2Z SMART TECHNOLOGIES has modest reverse predictability. Overlapping area represents the amount of predictability between A2Z SMART time series from 25th of January 2023 to 5th of January 2024 and 5th of January 2024 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 A2Z SMART TECHNOLOGIES price movement. The serial correlation of -0.45 indicates that just about 45.0% of current A2Z SMART price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.45
Spearman Rank Test
-0.11
Residual Average
0.0
Price Variance
2.33
A2Z SMART TECHNOLOGIES lagged returns against current returns
Autocorrelation, which is A2Z SMART 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 A2Z SMART's stock expected returns. We can calculate the autocorrelation of A2Z SMART returns to help us make a trade decision. For example, suppose you find that A2Z SMART 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
A2Z SMART 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 A2Z SMART stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if A2Z SMART stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in A2Z SMART stock over time.
Current vs Lagged Prices
Timeline
A2Z SMART Lagged Returns
When evaluating A2Z SMART's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of A2Z SMART stock have on its future price. A2Z SMART 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, A2Z SMART autocorrelation shows the relationship between A2Z SMART stock current value and its past values and can show if there is a momentum factor associated with investing in A2Z SMART TECHNOLOGIES.