Allianz Technology (UK) Market Value
| ATT Stock | 397.50 0.50 0.13% |
| Symbol | Allianz |
Allianz Technology '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 Allianz Technology'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 Allianz Technology.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Allianz Technology on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Allianz Technology Trust or generate 0.0% return on investment in Allianz Technology over 30 days. Allianz Technology is related to or competes with DXC Technology, International Biotechnology, Bytes Technology, Ashtead Technology, JD Sports, Flow Traders, and Ross Stores. Allianz Technology is entity of United Kingdom More
Allianz Technology 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 Allianz Technology'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 Allianz Technology Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.0375 | |||
| Maximum Drawdown | 7.37 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.57 |
Allianz Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allianz Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allianz Technology's standard deviation. In reality, there are many statistical measures that can use Allianz Technology historical prices to predict the future Allianz Technology's volatility.| Risk Adjusted Performance | 0.093 | |||
| Jensen Alpha | 0.1281 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0356 | |||
| Treynor Ratio | 0.4214 |
Allianz Technology Trust Backtested Returns
Allianz Technology appears to be very steady, given 3 months investment horizon. Allianz Technology Trust secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Allianz Technology Trust, which you can use to evaluate the volatility of the firm. Please makes use of Allianz Technology's Risk Adjusted Performance of 0.093, downside deviation of 1.72, and Mean Deviation of 1.24 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allianz Technology holds a performance score of 10. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allianz Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allianz Technology is expected to be smaller as well. Please check Allianz Technology's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Allianz Technology's price patterns will revert.
Auto-correlation | 0.76 |
Good predictability
Allianz Technology Trust has good predictability. Overlapping area represents the amount of predictability between Allianz Technology time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Allianz Technology Trust price movement. The serial correlation of 0.76 indicates that around 76.0% of current Allianz Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 33.69 |
Allianz Technology Trust lagged returns against current returns
Autocorrelation, which is Allianz Technology 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 Allianz Technology's stock expected returns. We can calculate the autocorrelation of Allianz Technology returns to help us make a trade decision. For example, suppose you find that Allianz Technology 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 |
Allianz Technology 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 Allianz Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allianz Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allianz Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Allianz Technology Lagged Returns
When evaluating Allianz Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allianz Technology stock have on its future price. Allianz Technology 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, Allianz Technology autocorrelation shows the relationship between Allianz Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Allianz Technology Trust.
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 Allianz Stock
Allianz Technology financial ratios help investors to determine whether Allianz 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 Allianz with respect to the benefits of owning Allianz Technology security.