Abbott Laboratories (Germany) Market Value
| ABL Stock | 109.66 1.56 1.44% |
| 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.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Abbott Laboratories on January 2, 2023 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 720 days. Abbott Laboratories is related to or competes with Medtronic PLC, Stryker, Boston Scientific, Siemens Healthineers, Edwards Lifesciences, and Align Technology. 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 | 0.8879 | |||
| Information Ratio | 0.0751 | |||
| Maximum Drawdown | 6.59 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.95 |
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 | 0.0847 | |||
| Jensen Alpha | 0.1103 | |||
| Total Risk Alpha | 0.0765 | |||
| Sortino Ratio | 0.0975 | |||
| Treynor Ratio | (1.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Abbott Laboratories' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Abbott Laboratories Backtested Returns
Currently, Abbott Laboratories is very steady. Abbott Laboratories secures Sharpe Ratio (or Efficiency) of 0.0983, which signifies that the company had a 0.0983% 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' mean deviation of 0.8415, and Risk Adjusted Performance of 0.0847 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Abbott Laboratories has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0661, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Abbott Laboratories are expected to decrease at a much lower rate. During the bear market, Abbott Laboratories is likely to outperform the market. Abbott Laboratories right now shows a risk of 1.15%. Please confirm Abbott Laboratories value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Abbott Laboratories will be following its price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Abbott Laboratories has poor reverse predictability. Overlapping area represents the amount of predictability between Abbott Laboratories time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Abbott Laboratories price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Abbott Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 27.33 |
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Abbott Stock Analysis
When running Abbott Laboratories' price analysis, check to measure Abbott Laboratories' 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 Abbott Laboratories is operating at the current time. Most of Abbott Laboratories' value examination focuses on studying past and present price action to predict the probability of Abbott Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abbott Laboratories' price. Additionally, you may evaluate how the addition of Abbott Laboratories to your portfolios can decrease your overall portfolio volatility.