Australian Bond (Australia) Market Value
| ABE Stock | 0.04 0 2.78% |
| Symbol | Australian |
Australian Bond '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 Australian Bond'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 Australian Bond.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Australian Bond on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Australian Bond Exchange or generate 0.0% return on investment in Australian Bond over 30 days. Australian Bond is related to or competes with Westpac Banking, National Australia, National Australia, National Australia, Commonwealth Bank, Commonwealth Bank, and ANZ Group. Australian Bond is entity of Australia. It is traded as Stock on AU exchange. More
Australian Bond 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 Australian Bond'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 Australian Bond Exchange upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.73 | |||
| Information Ratio | 0.0372 | |||
| Maximum Drawdown | 40.0 | |||
| Value At Risk | (9.38) | |||
| Potential Upside | 9.09 |
Australian Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Australian Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Australian Bond's standard deviation. In reality, there are many statistical measures that can use Australian Bond historical prices to predict the future Australian Bond's volatility.| Risk Adjusted Performance | 0.0428 | |||
| Jensen Alpha | 0.2404 | |||
| Total Risk Alpha | 0.0671 | |||
| Sortino Ratio | 0.0198 | |||
| Treynor Ratio | (1.12) |
Australian Bond Exchange Backtested Returns
Australian Bond appears to be out of control, given 3 months investment horizon. Australian Bond Exchange secures Sharpe Ratio (or Efficiency) of 0.0702, which signifies that the company had a 0.0702% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Australian Bond Exchange, which you can use to evaluate the volatility of the firm. Please makes use of Australian Bond's Mean Deviation of 2.81, downside deviation of 10.73, and Risk Adjusted Performance of 0.0428 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Australian Bond holds a performance score of 5. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Australian Bond are expected to decrease at a much lower rate. During the bear market, Australian Bond is likely to outperform the market. Please check Australian Bond's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Australian Bond's price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
Australian Bond Exchange has good predictability. Overlapping area represents the amount of predictability between Australian Bond time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Australian Bond Exchange price movement. The serial correlation of 0.78 indicates that around 78.0% of current Australian Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Australian Bond Exchange lagged returns against current returns
Autocorrelation, which is Australian Bond 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 Australian Bond's stock expected returns. We can calculate the autocorrelation of Australian Bond returns to help us make a trade decision. For example, suppose you find that Australian Bond 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 |
Australian Bond 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 Australian Bond stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Australian Bond stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Australian Bond stock over time.
Current vs Lagged Prices |
| Timeline |
Australian Bond Lagged Returns
When evaluating Australian Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Australian Bond stock have on its future price. Australian Bond 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, Australian Bond autocorrelation shows the relationship between Australian Bond stock current value and its past values and can show if there is a momentum factor associated with investing in Australian Bond Exchange.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Australian Stock Analysis
When running Australian Bond's price analysis, check to measure Australian Bond's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Australian Bond is operating at the current time. Most of Australian Bond's value examination focuses on studying past and present price action to predict the probability of Australian Bond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Australian Bond's price. Additionally, you may evaluate how the addition of Australian Bond to your portfolios can decrease your overall portfolio volatility.