Acciona (Spain) Market Value
| ANA Stock | EUR 119.80 0.50 0.42% |
| Symbol | Acciona |
Acciona '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 Acciona'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 Acciona.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Acciona on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Acciona or generate 0.0% return on investment in Acciona over 180 days. Acciona is related to or competes with Ferrovial, ACS Actividades, Acerinox, Endesa SA, and Indra A. Acciona, S.A., together with its subsidiaries, engages in the energy, infrastructure, and other businesses in Spain and ... More
Acciona 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 Acciona'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 Acciona upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.58 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 2.16 |
Acciona Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acciona's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acciona's standard deviation. In reality, there are many statistical measures that can use Acciona historical prices to predict the future Acciona's volatility.| Risk Adjusted Performance | 0.0033 | |||
| Jensen Alpha | 0.0121 | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.0741 |
Acciona Backtested Returns
Acciona secures Sharpe Ratio (or Efficiency) of -0.0168, which signifies that the company had a -0.0168% return per unit of standard deviation over the last 3 months. Acciona exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Acciona's mean deviation of 1.4, and Risk Adjusted Performance of 0.0033 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Acciona are expected to decrease at a much lower rate. During the bear market, Acciona is likely to outperform the market. At this point, Acciona has a negative expected return of -0.0322%. Please make sure to confirm Acciona's mean deviation, jensen alpha, potential upside, as well as the relationship between the standard deviation and treynor ratio , to decide if Acciona performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Acciona has very good reverse predictability. Overlapping area represents the amount of predictability between Acciona time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Acciona price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Acciona price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 25.01 |
Acciona lagged returns against current returns
Autocorrelation, which is Acciona 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 Acciona's stock expected returns. We can calculate the autocorrelation of Acciona returns to help us make a trade decision. For example, suppose you find that Acciona 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 |
Acciona 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 Acciona stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acciona stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acciona stock over time.
Current vs Lagged Prices |
| Timeline |
Acciona Lagged Returns
When evaluating Acciona's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acciona stock have on its future price. Acciona 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, Acciona autocorrelation shows the relationship between Acciona stock current value and its past values and can show if there is a momentum factor associated with investing in Acciona.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Acciona Stock
Acciona financial ratios help investors to determine whether Acciona 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 Acciona with respect to the benefits of owning Acciona security.