Australia (Australia) Market Value
| ANZ Stock | 29.75 0.41 1.40% |
| Symbol | Australia |
Australia '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 Australia'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 Australia.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Australia on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Australia and New or generate 0.0% return on investment in Australia over 30 days. Australia is related to or competes with Bell Financial, Latitude Financial, Qbe Insurance, Medibank Private, Insignia Financial, and Macquarie Bank. More
Australia 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 Australia'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 Australia and New upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.76 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.36 |
Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Australia's standard deviation. In reality, there are many statistical measures that can use Australia historical prices to predict the future Australia's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.14) |
Australia and New Backtested Returns
Australia and New secures Sharpe Ratio (or Efficiency) of -0.0657, which signifies that the company had a -0.0657 % return per unit of risk over the last 3 months. Australia and New exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Australia's Standard Deviation of 1.3, mean deviation of 0.9309, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Australia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Australia is expected to be smaller as well. At this point, Australia and New has a negative expected return of -0.0853%. Please make sure to confirm Australia's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Australia and New performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Australia and New has very good reverse predictability. Overlapping area represents the amount of predictability between Australia time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Australia and New price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Australia and New lagged returns against current returns
Autocorrelation, which is Australia 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 Australia's stock expected returns. We can calculate the autocorrelation of Australia returns to help us make a trade decision. For example, suppose you find that Australia 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 |
Australia 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 Australia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Australia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Australia stock over time.
Current vs Lagged Prices |
| Timeline |
Australia Lagged Returns
When evaluating Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Australia stock have on its future price. Australia 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, Australia autocorrelation shows the relationship between Australia stock current value and its past values and can show if there is a momentum factor associated with investing in Australia and New.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Australia Stock Analysis
When running Australia's price analysis, check to measure Australia'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 Australia is operating at the current time. Most of Australia's value examination focuses on studying past and present price action to predict the probability of Australia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Australia's price. Additionally, you may evaluate how the addition of Australia to your portfolios can decrease your overall portfolio volatility.