Corporacion Acciona (Spain) Market Value
| ANE Stock | 20.30 0.02 0.1% |
| Symbol | Corporacion |
Corporacion 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 Corporacion 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 Corporacion Acciona.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in Corporacion Acciona on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Corporacion Acciona Energias or generate 0.0% return on investment in Corporacion Acciona over 450 days. Corporacion Acciona is related to or competes with Tier1 Technology, Melia Hotels, Caixabank, Bankinter, Hispanotels Inversiones, and Squirrel Media. More
Corporacion 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 Corporacion 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 Corporacion Acciona Energias upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.41 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 2.52 |
Corporacion Acciona Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corporacion Acciona's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corporacion Acciona's standard deviation. In reality, there are many statistical measures that can use Corporacion Acciona historical prices to predict the future Corporacion Acciona's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.3532 |
Corporacion Acciona Backtested Returns
Corporacion Acciona secures Sharpe Ratio (or Efficiency) of -8.0E-4, which signifies that the company had a -8.0E-4% return per unit of risk over the last 3 months. Corporacion Acciona Energias exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Corporacion Acciona's insignificant Risk Adjusted Performance, mean deviation of 1.43, and Standard Deviation of 1.97 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Corporacion Acciona are expected to decrease at a much lower rate. During the bear market, Corporacion Acciona is likely to outperform the market. At this point, Corporacion Acciona has a negative expected return of -0.0016%. Please make sure to confirm Corporacion Acciona's kurtosis, day median price, and the relationship between the potential upside and daily balance of power , to decide if Corporacion Acciona performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Corporacion Acciona Energias has insignificant reverse predictability. Overlapping area represents the amount of predictability between Corporacion Acciona time series from 9th of September 2023 to 21st of April 2024 and 21st of April 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 Corporacion Acciona price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Corporacion Acciona price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Corporacion Acciona lagged returns against current returns
Autocorrelation, which is Corporacion 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 Corporacion Acciona's stock expected returns. We can calculate the autocorrelation of Corporacion Acciona returns to help us make a trade decision. For example, suppose you find that Corporacion 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 |
Corporacion 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 Corporacion Acciona stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corporacion Acciona stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corporacion Acciona stock over time.
Current vs Lagged Prices |
| Timeline |
Corporacion Acciona Lagged Returns
When evaluating Corporacion Acciona's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corporacion Acciona stock have on its future price. Corporacion 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, Corporacion Acciona autocorrelation shows the relationship between Corporacion Acciona stock current value and its past values and can show if there is a momentum factor associated with investing in Corporacion Acciona Energias.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Corporacion Stock
Corporacion Acciona financial ratios help investors to determine whether Corporacion 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 Corporacion with respect to the benefits of owning Corporacion Acciona security.