Azimut Holding Spa Stock Market Value
| AZIHF Stock | USD 24.90 0.28 1.11% |
| Symbol | Azimut |
Azimut 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 Azimut Holding's pink sheet 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 Azimut Holding.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Azimut Holding on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Azimut Holding SpA or generate 0.0% return on investment in Azimut Holding over 30 days. Azimut Holding is related to or competes with Flow Capital, Ameritrans Capital, Elysee Development, and AGF Management. Azimut Holding S.p.A. operates in the asset management sector More
Azimut 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 Azimut Holding's pink sheet 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 Azimut Holding SpA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.53 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.41 | |||
| Value At Risk | (7.24) | |||
| Potential Upside | 5.05 |
Azimut Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azimut Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azimut Holding's standard deviation. In reality, there are many statistical measures that can use Azimut Holding historical prices to predict the future Azimut Holding's volatility.| Risk Adjusted Performance | 0.0075 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.05) |
Azimut Holding SpA Backtested Returns
At this point, Azimut Holding is not too volatile. Azimut Holding SpA secures Sharpe Ratio (or Efficiency) of 0.0037, which signifies that the company had a 0.0037% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Azimut Holding SpA, which you can use to evaluate the volatility of the firm. Please confirm Azimut Holding's Downside Deviation of 5.53, risk adjusted performance of 0.0075, and Mean Deviation of 1.16 to double-check if the risk estimate we provide is consistent with the expected return of 0.011%. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Azimut Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Azimut Holding is expected to be smaller as well. Azimut Holding SpA right now shows a risk of 2.98%. Please confirm Azimut Holding SpA information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Azimut Holding SpA will be following its price patterns.
Auto-correlation | 0.06 |
Virtually no predictability
Azimut Holding SpA has virtually no predictability. Overlapping area represents the amount of predictability between Azimut Holding 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 Azimut Holding SpA price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Azimut Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Azimut Holding SpA lagged returns against current returns
Autocorrelation, which is Azimut Holding pink sheet'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 Azimut Holding's pink sheet expected returns. We can calculate the autocorrelation of Azimut Holding returns to help us make a trade decision. For example, suppose you find that Azimut Holding has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Azimut 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 Azimut Holding pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azimut Holding pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azimut Holding pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Azimut Holding Lagged Returns
When evaluating Azimut Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azimut Holding pink sheet have on its future price. Azimut 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, Azimut Holding autocorrelation shows the relationship between Azimut Holding pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Azimut Holding SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Azimut Pink Sheet
Azimut Holding financial ratios help investors to determine whether Azimut Pink Sheet 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 Azimut with respect to the benefits of owning Azimut Holding security.