AstraZeneca PLC (Germany) Market Value
| ZEG Stock | EUR 138.45 1.30 0.95% |
| Symbol | AstraZeneca |
AstraZeneca 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 AstraZeneca 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 AstraZeneca PLC.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in AstraZeneca PLC on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding AstraZeneca PLC or generate 0.0% return on investment in AstraZeneca PLC over 90 days. AstraZeneca PLC is related to or competes with IMPERIAL TOBACCO, ONWARD MEDICAL, United Rentals, Peijia Medical, UNITED RENTALS, Global Ship, and CompuGroup Medical. AstraZeneca PLC discovers, develops, and commercializes prescription medicines in the areas of oncology, cardiovascular,... More
AstraZeneca 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 AstraZeneca 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 AstraZeneca PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.1666 | |||
| Maximum Drawdown | 7.12 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.32 |
AstraZeneca PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AstraZeneca PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AstraZeneca PLC's standard deviation. In reality, there are many statistical measures that can use AstraZeneca PLC historical prices to predict the future AstraZeneca PLC's volatility.| Risk Adjusted Performance | 0.0712 | |||
| Jensen Alpha | 0.1344 | |||
| Total Risk Alpha | 0.3287 | |||
| Sortino Ratio | 0.1738 | |||
| Treynor Ratio | 0.4524 |
AstraZeneca PLC Backtested Returns
At this point, AstraZeneca PLC is very steady. AstraZeneca PLC secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AstraZeneca PLC, which you can use to evaluate the volatility of the firm. Please confirm AstraZeneca PLC's Mean Deviation of 1.04, downside deviation of 1.36, and Risk Adjusted Performance of 0.0712 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. AstraZeneca PLC has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AstraZeneca PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding AstraZeneca PLC is expected to be smaller as well. AstraZeneca PLC right now shows a risk of 1.45%. Please confirm AstraZeneca PLC expected short fall, daily balance of power, and the relationship between the downside variance and kurtosis , to decide if AstraZeneca PLC will be following its price patterns.
Auto-correlation | 0.70 |
Good predictability
AstraZeneca PLC has good predictability. Overlapping area represents the amount of predictability between AstraZeneca PLC time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 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 AstraZeneca PLC price movement. The serial correlation of 0.7 indicates that around 70.0% of current AstraZeneca PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 25.05 |
AstraZeneca PLC lagged returns against current returns
Autocorrelation, which is AstraZeneca 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 AstraZeneca PLC's stock expected returns. We can calculate the autocorrelation of AstraZeneca PLC returns to help us make a trade decision. For example, suppose you find that AstraZeneca 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 |
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AstraZeneca 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 AstraZeneca PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AstraZeneca PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AstraZeneca PLC stock over time.
Current vs Lagged Prices |
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AstraZeneca PLC Lagged Returns
When evaluating AstraZeneca PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AstraZeneca PLC stock have on its future price. AstraZeneca 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, AstraZeneca PLC autocorrelation shows the relationship between AstraZeneca PLC stock current value and its past values and can show if there is a momentum factor associated with investing in AstraZeneca PLC.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in AstraZeneca Stock
AstraZeneca PLC financial ratios help investors to determine whether AstraZeneca 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 AstraZeneca with respect to the benefits of owning AstraZeneca PLC security.