Amazon Cdr Stock Market Value
| AMZN Stock | 24.77 0.07 0.28% |
| Symbol | Amazon |
Amazon CDR '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 Amazon CDR'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 Amazon CDR.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Amazon CDR on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Amazon CDR or generate 0.0% return on investment in Amazon CDR over 180 days. Amazon CDR is related to or competes with IShares Canadian, Altagas Cum, European Residential, RBC Discount, IShares SPTSX, and Harvest Tech. Amazon CDR is entity of Canada. It is traded as Stock on NEO exchange. More
Amazon CDR 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 Amazon CDR'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 Amazon CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0937 | |||
| Maximum Drawdown | 10.08 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 3.21 |
Amazon CDR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amazon CDR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amazon CDR's standard deviation. In reality, there are many statistical measures that can use Amazon CDR historical prices to predict the future Amazon CDR's volatility.| Risk Adjusted Performance | 0.1353 | |||
| Jensen Alpha | 0.2191 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1019 | |||
| Treynor Ratio | 0.4836 |
Amazon CDR Backtested Returns
Amazon CDR appears to be very steady, given 3 months investment horizon. Amazon CDR secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Amazon CDR, which you can use to evaluate the volatility of the firm. Please makes use of Amazon CDR's mean deviation of 1.41, and Risk Adjusted Performance of 0.1353 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Amazon CDR holds a performance score of 11. The firm shows a Beta (market volatility) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Amazon CDR's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amazon CDR is expected to be smaller as well. Please check Amazon CDR's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Amazon CDR's price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Amazon CDR has very good reverse predictability. Overlapping area represents the amount of predictability between Amazon CDR time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Amazon CDR price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Amazon CDR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Amazon CDR lagged returns against current returns
Autocorrelation, which is Amazon CDR 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 Amazon CDR's stock expected returns. We can calculate the autocorrelation of Amazon CDR returns to help us make a trade decision. For example, suppose you find that Amazon CDR 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 |
Amazon CDR 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 Amazon CDR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amazon CDR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amazon CDR stock over time.
Current vs Lagged Prices |
| Timeline |
Amazon CDR Lagged Returns
When evaluating Amazon CDR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amazon CDR stock have on its future price. Amazon CDR 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, Amazon CDR autocorrelation shows the relationship between Amazon CDR stock current value and its past values and can show if there is a momentum factor associated with investing in Amazon CDR.
Regressed Prices |
| Timeline |
Pair Trading with Amazon CDR
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 Amazon CDR 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 Amazon CDR will appreciate offsetting losses from the drop in the long position's value.Moving together with Amazon Stock
Moving against Amazon Stock
The ability to find closely correlated positions to Amazon CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amazon CDR 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 Amazon CDR - 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 Amazon CDR to buy it.
The correlation of Amazon CDR 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 Amazon CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amazon CDR 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 Amazon CDR 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 Amazon Stock
Amazon CDR financial ratios help investors to determine whether Amazon 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 Amazon with respect to the benefits of owning Amazon CDR security.