Accentis (Belgium) Market Value
| ACCB Stock | EUR 0.03 0.0005 1.59% |
| Symbol | Accentis |
Accentis '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 Accentis' 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 Accentis.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Accentis on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Accentis or generate 0.0% return on investment in Accentis over 90 days. Accentis is related to or competes with Exmar NV, Roularta, Iep Invest, Tessenderlo, and AGFA Gevaert. More
Accentis 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 Accentis' 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 Accentis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.23 | |||
| Information Ratio | 0.0992 | |||
| Maximum Drawdown | 17.06 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.0 |
Accentis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accentis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accentis' standard deviation. In reality, there are many statistical measures that can use Accentis historical prices to predict the future Accentis' volatility.| Risk Adjusted Performance | 0.0654 | |||
| Jensen Alpha | 0.2069 | |||
| Total Risk Alpha | 0.5788 | |||
| Sortino Ratio | 0.0718 | |||
| Treynor Ratio | 1.77 |
Accentis Backtested Returns
Accentis appears to be out of control, given 3 months investment horizon. Accentis secures Sharpe Ratio (or Efficiency) of 0.0669, which signifies that the company had a 0.0669 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Accentis, which you can use to evaluate the volatility of the firm. Please makes use of Accentis' risk adjusted performance of 0.0654, and Mean Deviation of 1.93 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Accentis holds a performance score of 5. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Accentis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Accentis is expected to be smaller as well. Please check Accentis' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Accentis' price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Accentis has poor predictability. Overlapping area represents the amount of predictability between Accentis time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Accentis price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Accentis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Accentis lagged returns against current returns
Autocorrelation, which is Accentis 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 Accentis' stock expected returns. We can calculate the autocorrelation of Accentis returns to help us make a trade decision. For example, suppose you find that Accentis 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 |
Accentis 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 Accentis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accentis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accentis stock over time.
Current vs Lagged Prices |
| Timeline |
Accentis Lagged Returns
When evaluating Accentis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accentis stock have on its future price. Accentis 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, Accentis autocorrelation shows the relationship between Accentis stock current value and its past values and can show if there is a momentum factor associated with investing in Accentis.
Regressed Prices |
| Timeline |
Pair Trading with Accentis
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Accentis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Accentis will appreciate offsetting losses from the drop in the long position's value.Moving against Accentis Stock
The ability to find closely correlated positions to Accentis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accentis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Accentis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Accentis to buy it.
The correlation of Accentis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Accentis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accentis moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Accentis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Accentis Stock Analysis
When running Accentis' price analysis, check to measure Accentis' 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 Accentis is operating at the current time. Most of Accentis' value examination focuses on studying past and present price action to predict the probability of Accentis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accentis' price. Additionally, you may evaluate how the addition of Accentis to your portfolios can decrease your overall portfolio volatility.