American Woodmark (Germany) Market Value
| AHQ Stock | EUR 77.00 0.00 0.00% |
| Symbol | American |
American Woodmark '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 American Woodmark'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 American Woodmark.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in American Woodmark on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding American Woodmark or generate 0.0% return on investment in American Woodmark over 180 days. American Woodmark is related to or competes with Fortune Brands, Tempur Sealy, Howden Joinery, and Hisense Home. American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodel... More
American Woodmark 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 American Woodmark'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 American Woodmark upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.27 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.91 |
American Woodmark Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Woodmark's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Woodmark's standard deviation. In reality, there are many statistical measures that can use American Woodmark historical prices to predict the future American Woodmark's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.84) |
American Woodmark Backtested Returns
American Woodmark secures Sharpe Ratio (or Efficiency) of -0.0306, which signifies that the company had a -0.0306% return per unit of standard deviation over the last 3 months. American Woodmark exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Woodmark's risk adjusted performance of (0.03), and Mean Deviation of 1.49 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, American Woodmark's returns are expected to increase less than the market. However, during the bear market, the loss of holding American Woodmark is expected to be smaller as well. At this point, American Woodmark has a negative expected return of -0.0665%. Please make sure to confirm American Woodmark's coefficient of variation, jensen alpha, skewness, as well as the relationship between the variance and value at risk , to decide if American Woodmark performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
American Woodmark has poor predictability. Overlapping area represents the amount of predictability between American Woodmark time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th 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 American Woodmark price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current American Woodmark price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 21.33 |
American Woodmark lagged returns against current returns
Autocorrelation, which is American Woodmark 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 American Woodmark's stock expected returns. We can calculate the autocorrelation of American Woodmark returns to help us make a trade decision. For example, suppose you find that American Woodmark 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 |
American Woodmark 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 American Woodmark stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Woodmark stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Woodmark stock over time.
Current vs Lagged Prices |
| Timeline |
American Woodmark Lagged Returns
When evaluating American Woodmark's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Woodmark stock have on its future price. American Woodmark 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, American Woodmark autocorrelation shows the relationship between American Woodmark stock current value and its past values and can show if there is a momentum factor associated with investing in American Woodmark.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in American Stock
When determining whether American Woodmark is a strong investment it is important to analyze American Woodmark's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact American Woodmark's future performance. For an informed investment choice regarding American Stock, refer to the following important reports:Check out American Woodmark Correlation, American Woodmark Volatility and American Woodmark Alpha and Beta module to complement your research on American Woodmark. For more detail on how to invest in American Stock please use our How to Invest in American Woodmark 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.
American Woodmark 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.