Australia (Australia) Market Value
| ANZ Stock | 29.70 0.41 1.40% |
| Symbol | Australia |
Australia '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 Australia'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 Australia.
| 06/17/2023 |
| 07/11/2024 |
If you would invest 0.00 in Australia on June 17, 2023 and sell it all today you would earn a total of 0.00 from holding Australia and New or generate 0.0% return on investment in Australia over 390 days. Australia is related to or competes with Woolworths, Wesfarmers, Coles, Ramsay Health, Ramsay Health, Rio Tinto, and BHP Group. Australia is entity of Australia. It is traded as Stock on AU exchange. More
Australia 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 Australia'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 Australia and New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.0292 | |||
| Maximum Drawdown | 4.55 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.28 |
Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Australia's standard deviation. In reality, there are many statistical measures that can use Australia historical prices to predict the future Australia's volatility.| Risk Adjusted Performance | 0.0393 | |||
| Jensen Alpha | 0.0415 | |||
| Total Risk Alpha | 0.0165 | |||
| Sortino Ratio | 0.0263 | |||
| Treynor Ratio | 0.2003 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Australia'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.
Australia and New Backtested Returns
Currently, Australia and New is very steady. Australia and New secures Sharpe Ratio (or Efficiency) of 0.0976, which signifies that the company had a 0.0976% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Australia and New, which you can use to evaluate the volatility of the firm. Please confirm Australia's Downside Deviation of 1.03, risk adjusted performance of 0.0393, and Mean Deviation of 0.7138 to double-check if the risk estimate we provide is consistent with the expected return of 0.0927%. Australia has a performance score of 7 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, Australia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Australia is expected to be smaller as well. Australia and New right now shows a risk of 0.95%. Please confirm Australia and New sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Australia and New will be following its price patterns.
Auto-correlation | 0.69 |
Good predictability
Australia and New has good predictability. Overlapping area represents the amount of predictability between Australia time series from 17th of June 2023 to 29th of December 2023 and 29th of December 2023 to 11th of July 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 Australia and New price movement. The serial correlation of 0.69 indicates that around 69.0% of current Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
Australia and New lagged returns against current returns
Autocorrelation, which is Australia 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 Australia's stock expected returns. We can calculate the autocorrelation of Australia returns to help us make a trade decision. For example, suppose you find that Australia 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 |
Australia 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 Australia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Australia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Australia stock over time.
Current vs Lagged Prices |
| Timeline |
Australia Lagged Returns
When evaluating Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Australia stock have on its future price. Australia 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, Australia autocorrelation shows the relationship between Australia stock current value and its past values and can show if there is a momentum factor associated with investing in Australia and New.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Australia Stock Analysis
When running Australia's price analysis, check to measure Australia'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 Australia is operating at the current time. Most of Australia's value examination focuses on studying past and present price action to predict the probability of Australia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Australia's price. Additionally, you may evaluate how the addition of Australia to your portfolios can decrease your overall portfolio volatility.