Atlassian Plc's market value is the price at which a share of Atlassian Plc trades on a public exchange. It measures the collective expectations of Atlassian Plc investors about its performance. Atlassian Plc is trading at 74.07 as of the 11th of January 2025, a 0.04 percent decrease since the beginning of the trading day. The stock's open price was 74.1. With this module, you can estimate the performance of a buy and hold strategy of Atlassian Plc and determine expected loss or profit from investing in Atlassian Plc over a given investment horizon. Check out Atlassian Plc Correlation, Atlassian Plc Volatility and Atlassian Plc Alpha and Beta module to complement your research on Atlassian Plc.
Please note, there is a significant difference between Atlassian Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlassian Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlassian Plc'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.
Atlassian Plc '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 Atlassian Plc'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 Atlassian Plc.
0.00
12/12/2024
No Change 0.00
0.0
In 30 days
01/11/2025
0.00
If you would invest 0.00 in Atlassian Plc on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Atlassian Plc or generate 0.0% return on investment in Atlassian Plc over 30 days. Atlassian Plc is related to or competes with Jefferies Financial, Citizens Financial, Applied Materials,, GP Investments, and Synchrony Financial. Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software product... More
Atlassian Plc 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 Atlassian Plc'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 Atlassian Plc 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 Atlassian Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlassian Plc's standard deviation. In reality, there are many statistical measures that can use Atlassian Plc historical prices to predict the future Atlassian Plc's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Atlassian Plc. Your research has to be compared to or analyzed against Atlassian Plc's peers to derive any actionable benefits. When done correctly, Atlassian Plc's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Atlassian Plc.
Atlassian Plc Backtested Returns
Atlassian Plc appears to be very steady, given 3 months investment horizon. Atlassian Plc secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Atlassian Plc's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Atlassian Plc's Risk Adjusted Performance of 0.2089, mean deviation of 1.91, and Downside Deviation of 3.1 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Atlassian Plc holds a performance score of 14. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Atlassian Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Atlassian Plc is expected to be smaller as well. Please check Atlassian Plc's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Atlassian Plc's price patterns will revert.
Auto-correlation
0.53
Modest predictability
Atlassian Plc has modest predictability. Overlapping area represents the amount of predictability between Atlassian Plc time series from 12th of December 2024 to 27th of December 2024 and 27th of December 2024 to 11th 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 Atlassian Plc price movement. The serial correlation of 0.53 indicates that about 53.0% of current Atlassian Plc price fluctuation can be explain by its past prices.
Correlation Coefficient
0.53
Spearman Rank Test
-0.12
Residual Average
0.0
Price Variance
1.57
Atlassian Plc lagged returns against current returns
Autocorrelation, which is Atlassian Plc 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 Atlassian Plc's stock expected returns. We can calculate the autocorrelation of Atlassian Plc returns to help us make a trade decision. For example, suppose you find that Atlassian Plc 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
Atlassian Plc 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 Atlassian Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlassian Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlassian Plc stock over time.
Current vs Lagged Prices
Timeline
Atlassian Plc Lagged Returns
When evaluating Atlassian Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlassian Plc stock have on its future price. Atlassian Plc 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, Atlassian Plc autocorrelation shows the relationship between Atlassian Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Atlassian Plc.
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.
Atlassian Plc financial ratios help investors to determine whether Atlassian 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 Atlassian with respect to the benefits of owning Atlassian Plc security.