Aurubis AG (Germany) Market Value
| NDA Stock | EUR 78.70 1.05 1.32% |
| Symbol | Aurubis |
Aurubis AG '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 Aurubis AG'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 Aurubis AG.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Aurubis AG on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Aurubis AG or generate 0.0% return on investment in Aurubis AG over 30 days. Aurubis AG is related to or competes with Southern Copper, Sandfire Resources, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, NorAm Drilling, and BANK HANDLOWY. It processes complex metal concentrates, scrap metals, and metal-bearing recycling materials to produce metals More
Aurubis AG 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 Aurubis AG'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 Aurubis AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0581 | |||
| Maximum Drawdown | 13.88 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 4.83 |
Aurubis AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurubis AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurubis AG's standard deviation. In reality, there are many statistical measures that can use Aurubis AG historical prices to predict the future Aurubis AG's volatility.| Risk Adjusted Performance | 0.0672 | |||
| Jensen Alpha | 0.2438 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0595 | |||
| Treynor Ratio | (0.50) |
Aurubis AG Backtested Returns
At this point, Aurubis AG is very steady. Aurubis AG secures Sharpe Ratio (or Efficiency) of 0.0622, which signifies that the company had a 0.0622% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aurubis AG, which you can use to evaluate the volatility of the firm. Please confirm Aurubis AG's Risk Adjusted Performance of 0.0672, mean deviation of 1.81, and Downside Deviation of 2.71 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Aurubis AG has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aurubis AG are expected to decrease at a much lower rate. During the bear market, Aurubis AG is likely to outperform the market. Aurubis AG right now shows a risk of 2.78%. Please confirm Aurubis AG maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Aurubis AG will be following its price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Aurubis AG has very weak reverse predictability. Overlapping area represents the amount of predictability between Aurubis AG time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Aurubis AG price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Aurubis AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 9.03 |
Aurubis AG lagged returns against current returns
Autocorrelation, which is Aurubis AG 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 Aurubis AG's stock expected returns. We can calculate the autocorrelation of Aurubis AG returns to help us make a trade decision. For example, suppose you find that Aurubis AG 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 |
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Aurubis AG 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 Aurubis AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurubis AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurubis AG stock over time.
Current vs Lagged Prices |
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Aurubis AG Lagged Returns
When evaluating Aurubis AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurubis AG stock have on its future price. Aurubis AG 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, Aurubis AG autocorrelation shows the relationship between Aurubis AG stock current value and its past values and can show if there is a momentum factor associated with investing in Aurubis AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aurubis Stock
Aurubis AG financial ratios help investors to determine whether Aurubis 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 Aurubis with respect to the benefits of owning Aurubis AG security.