AMAG Austria's market value is the price at which a share of AMAG Austria trades on a public exchange. It measures the collective expectations of AMAG Austria Metall investors about its performance. AMAG Austria is trading at 24.10 as of the 10th of January 2025. This is a 0.42 percent increase since the beginning of the trading day. The stock's lowest day price was 24.1. With this module, you can estimate the performance of a buy and hold strategy of AMAG Austria Metall and determine expected loss or profit from investing in AMAG Austria over a given investment horizon. Check out AMAG Austria Correlation, AMAG Austria Volatility and AMAG Austria Alpha and Beta module to complement your research on AMAG Austria.
Please note, there is a significant difference between AMAG Austria's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMAG Austria is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMAG Austria's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
AMAG Austria '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 AMAG Austria'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 AMAG Austria.
0.00
12/11/2024
No Change 0.00
0.0
In 31 days
01/10/2025
0.00
If you would invest 0.00 in AMAG Austria on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding AMAG Austria Metall or generate 0.0% return on investment in AMAG Austria over 30 days. AMAG Austria is related to or competes with Pembina Pipeline, Methode Electronics, Major Drilling, Electronic Arts, Arrow Electronics, and United Airlines. AMAG Austria Metall AG, together with its subsidiaries, produces, processes, and distributes aluminum, and aluminum wrou... More
AMAG Austria 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 AMAG Austria'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 AMAG Austria Metall upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMAG Austria's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMAG Austria's standard deviation. In reality, there are many statistical measures that can use AMAG Austria historical prices to predict the future AMAG Austria's volatility.
At this point, AMAG Austria is very steady. AMAG Austria Metall retains Efficiency (Sharpe Ratio) of 0.0373, which signifies that the company had a 0.0373% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for AMAG Austria, which you can use to evaluate the volatility of the firm. Please confirm AMAG Austria's coefficient of variation of 2681.64, and Market Risk Adjusted Performance of (0.17) to double-check if the risk estimate we provide is consistent with the expected return of 0.0643%. AMAG Austria has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AMAG Austria are expected to decrease at a much lower rate. During the bear market, AMAG Austria is likely to outperform the market. AMAG Austria Metall at this time owns a risk of 1.72%. Please confirm AMAG Austria Metall market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if AMAG Austria Metall will be following its current price history.
Auto-correlation
-0.92
Near perfect reversele predictability
AMAG Austria Metall has near perfect reversele predictability. Overlapping area represents the amount of predictability between AMAG Austria time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 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 AMAG Austria Metall price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current AMAG Austria price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.92
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
0.04
AMAG Austria Metall lagged returns against current returns
Autocorrelation, which is AMAG Austria 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 AMAG Austria's stock expected returns. We can calculate the autocorrelation of AMAG Austria returns to help us make a trade decision. For example, suppose you find that AMAG Austria 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
AMAG Austria 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 AMAG Austria stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMAG Austria stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMAG Austria stock over time.
Current vs Lagged Prices
Timeline
AMAG Austria Lagged Returns
When evaluating AMAG Austria's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMAG Austria stock have on its future price. AMAG Austria 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, AMAG Austria autocorrelation shows the relationship between AMAG Austria stock current value and its past values and can show if there is a momentum factor associated with investing in AMAG Austria Metall.
AMAG Austria financial ratios help investors to determine whether AMAG 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 AMAG with respect to the benefits of owning AMAG Austria security.