AXA SA's market value is the price at which a share of AXA SA trades on a public exchange. It measures the collective expectations of AXA SA investors about its performance. AXA SA is trading at 34.46 as of the 8th of January 2025, a 1.50% up since the beginning of the trading day. The stock's lowest day price was 34.46. With this module, you can estimate the performance of a buy and hold strategy of AXA SA and determine expected loss or profit from investing in AXA SA over a given investment horizon. Check out AXA SA Correlation, AXA SA Volatility and AXA SA Alpha and Beta module to complement your research on AXA SA.
Please note, there is a significant difference between AXA SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXA SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXA SA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
AXA 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 AXA 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 AXA SA.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AXA 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 AXA SA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXA SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXA SA's standard deviation. In reality, there are many statistical measures that can use AXA SA historical prices to predict the future AXA SA's volatility.
AXA SA retains Efficiency (Sharpe Ratio) of -0.003, which signifies that the company had a -0.003% return per unit of risk over the last 3 months. AXA SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AXA SA's market risk adjusted performance of 0.4806, and Variance of 1.43 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AXA SA are expected to decrease at a much lower rate. During the bear market, AXA SA is likely to outperform the market. At this point, AXA SA has a negative expected return of -0.0037%. Please make sure to confirm AXA SA's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if AXA SA performance from the past will be repeated in the future.
Auto-correlation
0.43
Average predictability
AXA SA has average predictability. Overlapping area represents the amount of predictability between AXA SA time series from 18th of February 2023 to 29th of January 2024 and 29th of January 2024 to 8th of January 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 AXA SA price movement. The serial correlation of 0.43 indicates that just about 43.0% of current AXA SA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.43
Spearman Rank Test
0.52
Residual Average
0.0
Price Variance
3.31
AXA SA lagged returns against current returns
Autocorrelation, which is AXA 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 AXA SA's stock expected returns. We can calculate the autocorrelation of AXA SA returns to help us make a trade decision. For example, suppose you find that AXA 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
AXA 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 AXA SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXA SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXA SA stock over time.
Current vs Lagged Prices
Timeline
AXA SA Lagged Returns
When evaluating AXA SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXA SA stock have on its future price. AXA 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, AXA SA autocorrelation shows the relationship between AXA SA stock current value and its past values and can show if there is a momentum factor associated with investing in AXA SA.
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.
AXA SA financial ratios help investors to determine whether AXA 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 AXA with respect to the benefits of owning AXA SA security.