Atenor SA (Belgium) Market Value
| ATEB Stock | EUR 4.05 0.04 1.00% |
| Symbol | Atenor |
Atenor SA '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 Atenor SA'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 Atenor SA.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Atenor SA on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Atenor SA or generate 0.0% return on investment in Atenor SA over 180 days. Atenor SA is related to or competes with Warehouses, Sofina Socit, Aedifica, Xior Student, and Ackermans Van. Atenor SA invests in large-scale real estate projects in Belgium and internationally More
Atenor SA 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 Atenor SA'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 Atenor SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 14.98 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 2.38 |
Atenor SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atenor SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atenor SA's standard deviation. In reality, there are many statistical measures that can use Atenor SA historical prices to predict the future Atenor SA's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 1.36 |
Atenor SA Backtested Returns
Atenor SA secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of standard deviation over the last 3 months. Atenor SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atenor SA's risk adjusted performance of (0.14), and Mean Deviation of 1.36 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Atenor SA are expected to decrease at a much lower rate. During the bear market, Atenor SA is likely to outperform the market. At this point, Atenor SA has a negative expected return of -0.44%. Please make sure to confirm Atenor SA's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Atenor SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Atenor SA has excellent predictability. Overlapping area represents the amount of predictability between Atenor SA time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Atenor SA price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Atenor SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Atenor SA lagged returns against current returns
Autocorrelation, which is Atenor SA 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 Atenor SA's stock expected returns. We can calculate the autocorrelation of Atenor SA returns to help us make a trade decision. For example, suppose you find that Atenor SA 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 |
Atenor SA 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 Atenor SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atenor SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atenor SA stock over time.
Current vs Lagged Prices |
| Timeline |
Atenor SA Lagged Returns
When evaluating Atenor SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atenor SA stock have on its future price. Atenor SA 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, Atenor SA autocorrelation shows the relationship between Atenor SA stock current value and its past values and can show if there is a momentum factor associated with investing in Atenor SA.
Regressed Prices |
| Timeline |
Pair Trading with Atenor SA
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 Atenor SA 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 Atenor SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Atenor Stock
Moving against Atenor Stock
The ability to find closely correlated positions to Atenor SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atenor SA 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 Atenor SA - 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 Atenor SA to buy it.
The correlation of Atenor SA 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 Atenor SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atenor SA 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 Atenor SA 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.Additional Tools for Atenor Stock Analysis
When running Atenor SA's price analysis, check to measure Atenor SA'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 Atenor SA is operating at the current time. Most of Atenor SA's value examination focuses on studying past and present price action to predict the probability of Atenor SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atenor SA's price. Additionally, you may evaluate how the addition of Atenor SA to your portfolios can decrease your overall portfolio volatility.