ATHENE HOLDING (Germany) Market Value
| ATR0 Stock | 23.80 0.20 0.85% |
| Symbol | ATHENE |
ATHENE HOLDING '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 ATHENE HOLDING'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 ATHENE HOLDING.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in ATHENE HOLDING on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding ATHENE HOLDING PRFSERC or generate 0.0% return on investment in ATHENE HOLDING over 30 days. ATHENE HOLDING is related to or competes with Berkshire Hathaway, Allianz SE, AXA SA, AXA SA, Assicurazioni Generali, Hartford Financial, and Swiss Life. More
ATHENE HOLDING 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 ATHENE HOLDING'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 ATHENE HOLDING PRFSERC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.1472 | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.9246 |
ATHENE HOLDING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATHENE HOLDING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATHENE HOLDING's standard deviation. In reality, there are many statistical measures that can use ATHENE HOLDING historical prices to predict the future ATHENE HOLDING's volatility.| Risk Adjusted Performance | 0.1522 | |||
| Jensen Alpha | 0.1168 | |||
| Total Risk Alpha | 0.1041 | |||
| Sortino Ratio | 0.0985 | |||
| Treynor Ratio | 0.4213 |
ATHENE HOLDING PRFSERC Backtested Returns
At this point, ATHENE HOLDING is very steady. ATHENE HOLDING PRFSERC secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ATHENE HOLDING PRFSERC, which you can use to evaluate the volatility of the firm. Please confirm ATHENE HOLDING's Risk Adjusted Performance of 0.1522, downside deviation of 1.03, and Mean Deviation of 0.5063 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. ATHENE HOLDING has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ATHENE HOLDING's returns are expected to increase less than the market. However, during the bear market, the loss of holding ATHENE HOLDING is expected to be smaller as well. ATHENE HOLDING PRFSERC now shows a risk of 0.68%. Please confirm ATHENE HOLDING PRFSERC semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if ATHENE HOLDING PRFSERC will be following its price patterns.
Auto-correlation | -0.53 |
Good reverse predictability
ATHENE HOLDING PRFSERC has good reverse predictability. Overlapping area represents the amount of predictability between ATHENE HOLDING time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 ATHENE HOLDING PRFSERC price movement. The serial correlation of -0.53 indicates that about 53.0% of current ATHENE HOLDING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
ATHENE HOLDING PRFSERC lagged returns against current returns
Autocorrelation, which is ATHENE HOLDING 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 ATHENE HOLDING's stock expected returns. We can calculate the autocorrelation of ATHENE HOLDING returns to help us make a trade decision. For example, suppose you find that ATHENE HOLDING 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 |
ATHENE HOLDING 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 ATHENE HOLDING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATHENE HOLDING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATHENE HOLDING stock over time.
Current vs Lagged Prices |
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ATHENE HOLDING Lagged Returns
When evaluating ATHENE HOLDING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATHENE HOLDING stock have on its future price. ATHENE HOLDING 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, ATHENE HOLDING autocorrelation shows the relationship between ATHENE HOLDING stock current value and its past values and can show if there is a momentum factor associated with investing in ATHENE HOLDING PRFSERC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ATHENE Stock
ATHENE HOLDING financial ratios help investors to determine whether ATHENE 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 ATHENE with respect to the benefits of owning ATHENE HOLDING security.