Addiko Bank (Austria) Market Value
| ADKO Stock | EUR 19.70 0.25 1.29% |
| Symbol | Addiko |
Addiko Bank '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 Addiko Bank'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 Addiko Bank.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Addiko Bank on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Addiko Bank AG or generate 0.0% return on investment in Addiko Bank over 30 days. Addiko Bank is related to or competes with Raiffeisen Bank, Wiener Privatbank, CNH Industrial, Erste Group, BKS Bank, and AMAG Austria. Addiko Bank AG provides various banking products and services in Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Mont... More
Addiko Bank 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 Addiko Bank'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 Addiko Bank AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.0616 | |||
| Maximum Drawdown | 11.25 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 4.99 |
Addiko Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Addiko Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Addiko Bank's standard deviation. In reality, there are many statistical measures that can use Addiko Bank historical prices to predict the future Addiko Bank's volatility.| Risk Adjusted Performance | 0.0935 | |||
| Jensen Alpha | 0.235 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0631 | |||
| Treynor Ratio | 19.21 |
Addiko Bank AG Backtested Returns
Addiko Bank appears to be very steady, given 3 months investment horizon. Addiko Bank AG secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Addiko Bank AG, which you can use to evaluate the volatility of the firm. Please makes use of Addiko Bank's mean deviation of 1.52, and Risk Adjusted Performance of 0.0935 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Addiko Bank holds a performance score of 12. The firm shows a Beta (market volatility) of 0.0123, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Addiko Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Addiko Bank is expected to be smaller as well. Please check Addiko Bank's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Addiko Bank's price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Addiko Bank AG has modest predictability. Overlapping area represents the amount of predictability between Addiko Bank time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Addiko Bank AG price movement. The serial correlation of 0.52 indicates that about 52.0% of current Addiko Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Addiko Bank AG lagged returns against current returns
Autocorrelation, which is Addiko Bank 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 Addiko Bank's stock expected returns. We can calculate the autocorrelation of Addiko Bank returns to help us make a trade decision. For example, suppose you find that Addiko Bank 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 |
Addiko Bank 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 Addiko Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Addiko Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Addiko Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Addiko Bank Lagged Returns
When evaluating Addiko Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Addiko Bank stock have on its future price. Addiko Bank 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, Addiko Bank autocorrelation shows the relationship between Addiko Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Addiko Bank AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Addiko Stock
Addiko Bank financial ratios help investors to determine whether Addiko Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Addiko with respect to the benefits of owning Addiko Bank security.