AMP (Australia) Market Value
| AMP Stock | 1.56 0.02 1.30% |
| Symbol | AMP |
AMP '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 AMP'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 AMP.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in AMP on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding AMP or generate 0.0% return on investment in AMP over 30 days. AMP is related to or competes with Pioneer Credit, EP Financial, Ironbark Capital, Aristocrat Leisure, Credit Clear, Westpac Banking, and Bluescope Steel. AMP is entity of Australia. It is traded as Stock on AU exchange. More
AMP 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 AMP'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 AMP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.0738 | |||
| Maximum Drawdown | 23.9 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.63 |
AMP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMP's standard deviation. In reality, there are many statistical measures that can use AMP historical prices to predict the future AMP's volatility.| Risk Adjusted Performance | 0.1033 | |||
| Jensen Alpha | 0.2327 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.112 | |||
| Treynor Ratio | 0.4594 |
AMP Backtested Returns
AMP appears to be very risky, given 3 months investment horizon. AMP secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AMP, which you can use to evaluate the volatility of the firm. Please makes use of AMP's risk adjusted performance of 0.1033, and Mean Deviation of 1.41 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AMP holds a performance score of 9. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AMP's returns are expected to increase less than the market. However, during the bear market, the loss of holding AMP is expected to be smaller as well. Please check AMP's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether AMP's price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
AMP has very weak predictability. Overlapping area represents the amount of predictability between AMP time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 AMP price movement. The serial correlation of 0.17 indicates that over 17.0% of current AMP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AMP lagged returns against current returns
Autocorrelation, which is AMP 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 AMP's stock expected returns. We can calculate the autocorrelation of AMP returns to help us make a trade decision. For example, suppose you find that AMP 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 |
AMP 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 AMP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMP stock over time.
Current vs Lagged Prices |
| Timeline |
AMP Lagged Returns
When evaluating AMP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMP stock have on its future price. AMP 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, AMP autocorrelation shows the relationship between AMP stock current value and its past values and can show if there is a momentum factor associated with investing in AMP.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for AMP Stock Analysis
When running AMP's price analysis, check to measure AMP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AMP is operating at the current time. Most of AMP's value examination focuses on studying past and present price action to predict the probability of AMP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMP's price. Additionally, you may evaluate how the addition of AMP to your portfolios can decrease your overall portfolio volatility.