Aritzia Stock Market Value
| ATZAF Stock | USD 24.19 0.87 3.73% |
| Symbol | Aritzia |
Aritzia '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 Aritzia'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 Aritzia.
| 04/29/2024 |
| 05/29/2024 |
If you would invest 0.00 in Aritzia on April 29, 2024 and sell it all today you would earn a total of 0.00 from holding Aritzia or generate 0.0% return on investment in Aritzia over 30 days. Aritzia is related to or competes with Vuzix Corp, Singing Machine, Wearable Devices, LG Display, Vizio Holding, Sony Group, and Sonos. Aritzia Inc., together with its subsidiaries, designs and sells apparels and accessories for women in North America More
Aritzia 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 Aritzia'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 Aritzia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.96 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 4.03 |
Aritzia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aritzia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aritzia's standard deviation. In reality, there are many statistical measures that can use Aritzia historical prices to predict the future Aritzia's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.1617 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aritzia's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aritzia Backtested Returns
Aritzia secures Sharpe Ratio (or Efficiency) of -0.0555, which signifies that the company had a -0.0555% return per unit of risk over the last 3 months. Aritzia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aritzia's Risk Adjusted Performance of (0.02), mean deviation of 1.74, and Standard Deviation of 2.24 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aritzia are expected to decrease at a much lower rate. During the bear market, Aritzia is likely to outperform the market. Aritzia has an expected return of -0.13%. Please make sure to confirm Aritzia total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Aritzia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Aritzia has weak reverse predictability. Overlapping area represents the amount of predictability between Aritzia time series from 29th of April 2024 to 14th of May 2024 and 14th of May 2024 to 29th of May 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 Aritzia price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Aritzia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Aritzia lagged returns against current returns
Autocorrelation, which is Aritzia 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 Aritzia's pink sheet expected returns. We can calculate the autocorrelation of Aritzia returns to help us make a trade decision. For example, suppose you find that Aritzia 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 |
Aritzia 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 Aritzia pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aritzia pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aritzia pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aritzia Lagged Returns
When evaluating Aritzia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aritzia pink sheet have on its future price. Aritzia 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, Aritzia autocorrelation shows the relationship between Aritzia pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aritzia.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Aritzia Correlation, Aritzia Volatility and Aritzia Alpha and Beta module to complement your research on Aritzia. Note that the Aritzia information on this page should be used as a complementary analysis to other Aritzia's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Aritzia Pink Sheet analysis
When running Aritzia's price analysis, check to measure Aritzia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aritzia is operating at the current time. Most of Aritzia's value examination focuses on studying past and present price action to predict the probability of Aritzia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aritzia's price. Additionally, you may evaluate how the addition of Aritzia to your portfolios can decrease your overall portfolio volatility.
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Aritzia technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.