Abbott Laboratories (Germany) Market Value
| ABL Stock | EUR 110.12 0.34 0.31% |
| Symbol | Abbott |
Abbott Laboratories '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 Abbott Laboratories' 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 Abbott Laboratories.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Abbott Laboratories on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Abbott Laboratories or generate 0.0% return on investment in Abbott Laboratories over 30 days. Abbott Laboratories is related to or competes with Chesapeake Utilities, Ameriprise Financial, SUN LIFE, Canadian Utilities, and OFFICE DEPOT. More
Abbott Laboratories 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 Abbott Laboratories' 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 Abbott Laboratories upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8494 | |||
| Information Ratio | 0.1022 | |||
| Maximum Drawdown | 6.44 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.41 |
Abbott Laboratories Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abbott Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abbott Laboratories' standard deviation. In reality, there are many statistical measures that can use Abbott Laboratories historical prices to predict the future Abbott Laboratories' volatility.| Risk Adjusted Performance | 0.0919 | |||
| Jensen Alpha | 0.103 | |||
| Total Risk Alpha | 0.1034 | |||
| Sortino Ratio | 0.1215 | |||
| Treynor Ratio | 0.2047 |
Abbott Laboratories Backtested Returns
As of now, Abbott Stock is very steady. Abbott Laboratories secures Sharpe Ratio (or Efficiency) of 0.0706, which signifies that the company had a 0.0706% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Abbott Laboratories, which you can use to evaluate the volatility of the firm. Please confirm Abbott Laboratories' risk adjusted performance of 0.0919, and Mean Deviation of 0.7258 to double-check if the risk estimate we provide is consistent with the expected return of 0.0722%. Abbott Laboratories has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Abbott Laboratories' returns are expected to increase less than the market. However, during the bear market, the loss of holding Abbott Laboratories is expected to be smaller as well. Abbott Laboratories right now shows a risk of 1.02%. Please confirm Abbott Laboratories mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Abbott Laboratories will be following its price patterns.
Auto-correlation | 0.30 |
Below average predictability
Abbott Laboratories has below average predictability. Overlapping area represents the amount of predictability between Abbott Laboratories time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Abbott Laboratories price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Abbott Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Abbott Laboratories lagged returns against current returns
Autocorrelation, which is Abbott Laboratories 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 Abbott Laboratories' stock expected returns. We can calculate the autocorrelation of Abbott Laboratories returns to help us make a trade decision. For example, suppose you find that Abbott Laboratories 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 |
Abbott Laboratories 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 Abbott Laboratories stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abbott Laboratories stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abbott Laboratories stock over time.
Current vs Lagged Prices |
| Timeline |
Abbott Laboratories Lagged Returns
When evaluating Abbott Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abbott Laboratories stock have on its future price. Abbott Laboratories 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, Abbott Laboratories autocorrelation shows the relationship between Abbott Laboratories stock current value and its past values and can show if there is a momentum factor associated with investing in Abbott Laboratories.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Abbott Stock
When determining whether Abbott Laboratories is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Abbott Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Abbott Laboratories Stock. Highlighted below are key reports to facilitate an investment decision about Abbott Laboratories Stock:Check out Abbott Laboratories Correlation, Abbott Laboratories Volatility and Abbott Laboratories Alpha and Beta module to complement your research on Abbott Laboratories. To learn how to invest in Abbott Stock, please use our How to Invest in Abbott Laboratories guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Abbott Laboratories technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.