Ambu AS (Denmark) Market Value
| AMBU-B Stock | DKK 111.00 1.00 0.89% |
| Symbol | Ambu |
Ambu AS '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 Ambu AS'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 Ambu AS.
| 12/05/2023 |
| 11/29/2024 |
If you would invest 0.00 in Ambu AS on December 5, 2023 and sell it all today you would earn a total of 0.00 from holding Ambu AS or generate 0.0% return on investment in Ambu AS over 360 days. Ambu AS is related to or competes with Bavarian Nordic, Genmab AS, GN Store, DSV Panalpina, and FLSmidth. Ambu AS provides healthcare solutions in the fields of visualization, anesthesia, and patient monitoring and diagnostics... More
Ambu AS 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 Ambu AS'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 Ambu AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 16.4 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 2.74 |
Ambu AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ambu AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ambu AS's standard deviation. In reality, there are many statistical measures that can use Ambu AS historical prices to predict the future Ambu AS's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (0.92) |
Ambu AS Backtested Returns
Ambu AS secures Sharpe Ratio (or Efficiency) of -0.0904, which signifies that the company had a -0.0904% return per unit of standard deviation over the last 3 months. Ambu AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ambu AS's mean deviation of 1.86, and Risk Adjusted Performance of (0.10) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ambu AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ambu AS is expected to be smaller as well. At this point, Ambu AS has a negative expected return of -0.2%. Please make sure to confirm Ambu AS's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Ambu AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Ambu AS has weak reverse predictability. Overlapping area represents the amount of predictability between Ambu AS time series from 5th of December 2023 to 2nd of June 2024 and 2nd of June 2024 to 29th of November 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 Ambu AS price movement. The serial correlation of -0.25 indicates that over 25.0% of current Ambu AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 56.8 |
Ambu AS lagged returns against current returns
Autocorrelation, which is Ambu AS 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 Ambu AS's stock expected returns. We can calculate the autocorrelation of Ambu AS returns to help us make a trade decision. For example, suppose you find that Ambu AS 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 |
Ambu AS 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 Ambu AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ambu AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ambu AS stock over time.
Current vs Lagged Prices |
| Timeline |
Ambu AS Lagged Returns
When evaluating Ambu AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ambu AS stock have on its future price. Ambu AS 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, Ambu AS autocorrelation shows the relationship between Ambu AS stock current value and its past values and can show if there is a momentum factor associated with investing in Ambu AS.
Regressed Prices |
| Timeline |
Pair Trading with Ambu AS
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 Ambu AS 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 Ambu AS will appreciate offsetting losses from the drop in the long position's value.Moving together with Ambu Stock
Moving against Ambu Stock
| 0.74 | VIRO | ViroGates AS | PairCorr |
| 0.64 | MAERSK-A | AP Mller | PairCorr |
| 0.64 | MAERSK-B | AP Mller | PairCorr |
| 0.44 | DSV | DSV Panalpina AS | PairCorr |
The ability to find closely correlated positions to Ambu AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ambu AS 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 Ambu AS - 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 Ambu AS to buy it.
The correlation of Ambu AS 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 Ambu AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ambu AS 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 Ambu AS 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.Other Information on Investing in Ambu Stock
Ambu AS financial ratios help investors to determine whether Ambu 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 Ambu with respect to the benefits of owning Ambu AS security.