Azbil Corp (Germany) Market Value
| YMK Stock | EUR 7.55 0.05 0.67% |
| Symbol | Azbil |
Azbil Corp '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 Azbil Corp'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 Azbil Corp.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Azbil Corp on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Azbil Corp or generate 0.0% return on investment in Azbil Corp over 90 days. Azbil Corp is related to or competes with Cleanaway Waste, KAUFMAN ET, Ultra Clean, TEXAS ROADHOUSE, Solstad Offshore, Clean Energy, and SOLSTAD OFFSHORE. More
Azbil Corp 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 Azbil Corp'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 Azbil Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.25 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.78 |
Azbil Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azbil Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azbil Corp's standard deviation. In reality, there are many statistical measures that can use Azbil Corp historical prices to predict the future Azbil Corp's volatility.| Risk Adjusted Performance | 0.0396 | |||
| Jensen Alpha | 0.0298 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2078 |
Azbil Corp Backtested Returns
At this point, Azbil Corp is not too volatile. Azbil Corp secures Sharpe Ratio (or Efficiency) of 0.0472, which signifies that the company had a 0.0472% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Azbil Corp, which you can use to evaluate the volatility of the firm. Please confirm Azbil Corp's mean deviation of 1.21, and Risk Adjusted Performance of 0.0396 to double-check if the risk estimate we provide is consistent with the expected return of 0.0762%. Azbil Corp has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Azbil Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Azbil Corp is expected to be smaller as well. Azbil Corp right now shows a risk of 1.62%. Please confirm Azbil Corp downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Azbil Corp will be following its price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Azbil Corp has very weak predictability. Overlapping area represents the amount of predictability between Azbil Corp time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Azbil Corp price movement. The serial correlation of 0.17 indicates that over 17.0% of current Azbil Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Azbil Corp lagged returns against current returns
Autocorrelation, which is Azbil Corp 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 Azbil Corp's stock expected returns. We can calculate the autocorrelation of Azbil Corp returns to help us make a trade decision. For example, suppose you find that Azbil Corp 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 |
Azbil Corp 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 Azbil Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azbil Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azbil Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Azbil Corp Lagged Returns
When evaluating Azbil Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azbil Corp stock have on its future price. Azbil Corp 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, Azbil Corp autocorrelation shows the relationship between Azbil Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Azbil Corp.
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.Other Information on Investing in Azbil Stock
Azbil Corp financial ratios help investors to determine whether Azbil 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 Azbil with respect to the benefits of owning Azbil Corp security.