AXA SA (Germany) Market Value
| AXA Stock | 33.51 0.24 0.71% |
| Symbol | AXA |
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.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in AXA SA on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding AXA SA or generate 0.0% return on investment in AXA SA over 180 days. AXA SA is related to or competes with Berkshire Hathaway, Allianz SE, AXA SA, Assicurazioni Generali, Hartford Financial, and Swiss Life. More
AXA 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 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.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.88 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.56 |
AXA SA Market Risk Indicators
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.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.5413 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AXA SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
AXA SA Backtested Returns
AXA SA retains Efficiency (Sharpe Ratio) of -0.0901, which signifies that the company had a -0.0901% return per unit of risk over the last 3 months. AXA SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AXA SA's variance of 1.4, and Market Risk Adjusted Performance of 0.5513 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.23, 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 -0.11%. Please make sure to confirm AXA SA's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if AXA SA performance from the past will be repeated in the future.
Auto-correlation | -0.66 |
Very good reverse predictability
AXA SA has very good reverse predictability. Overlapping area represents the amount of predictability between AXA SA time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 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 AXA SA price movement. The serial correlation of -0.66 indicates that around 66.0% of current AXA SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
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 |
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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.Additional Tools for AXA Stock Analysis
When running AXA SA's price analysis, check to measure AXA 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 AXA SA is operating at the current time. Most of AXA SA's value examination focuses on studying past and present price action to predict the probability of AXA 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 AXA SA's price. Additionally, you may evaluate how the addition of AXA SA to your portfolios can decrease your overall portfolio volatility.