Aveng (South Africa) Market Value
| AEG Stock | 1,158 2.00 0.17% |
| Symbol | Aveng |
Aveng '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 Aveng'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 Aveng.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Aveng on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Aveng or generate 0.0% return on investment in Aveng over 720 days. Aveng is related to or competes with DRA Global, Raubex, Wilson Bayly, Prosus NV, AH Vest, and Advtech. More
Aveng 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 Aveng'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 Aveng upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.18 | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 4.09 |
Aveng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aveng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aveng's standard deviation. In reality, there are many statistical measures that can use Aveng historical prices to predict the future Aveng's volatility.| Risk Adjusted Performance | 0.1618 | |||
| Jensen Alpha | 0.3697 | |||
| Total Risk Alpha | 0.3149 | |||
| Sortino Ratio | 0.2183 | |||
| Treynor Ratio | (8.95) |
Aveng Backtested Returns
Aveng appears to be very steady, given 3 months investment horizon. Aveng secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Aveng, which you can use to evaluate the volatility of the firm. Please makes use of Aveng's mean deviation of 1.4, and Risk Adjusted Performance of 0.1618 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aveng holds a performance score of 15. The firm shows a Beta (market volatility) of -0.0412, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aveng are expected to decrease at a much lower rate. During the bear market, Aveng is likely to outperform the market. Please check Aveng's jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Aveng's price patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Aveng has good reverse predictability. Overlapping area represents the amount of predictability between Aveng 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 Aveng price movement. The serial correlation of -0.55 indicates that about 55.0% of current Aveng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 32.4 K |
Aveng lagged returns against current returns
Autocorrelation, which is Aveng 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 Aveng's stock expected returns. We can calculate the autocorrelation of Aveng returns to help us make a trade decision. For example, suppose you find that Aveng 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 |
Aveng 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 Aveng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aveng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aveng stock over time.
Current vs Lagged Prices |
| Timeline |
Aveng Lagged Returns
When evaluating Aveng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aveng stock have on its future price. Aveng 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, Aveng autocorrelation shows the relationship between Aveng stock current value and its past values and can show if there is a momentum factor associated with investing in Aveng.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Aveng Stock
Aveng financial ratios help investors to determine whether Aveng 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 Aveng with respect to the benefits of owning Aveng security.