AMG Advanced (Netherlands) Market Value
AMG Stock | EUR 21.04 0.26 1.25% |
Symbol | AMG |
AMG Advanced '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 AMG Advanced'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 AMG Advanced.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in AMG Advanced on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding AMG Advanced Metallurgical or generate 0.0% return on investment in AMG Advanced over 30 days. AMG Advanced is related to or competes with Shell PLC, ASML Holding, Unilever PLC, VEON, OCI NV, and Koninklijke KPN. AMG Advanced Metallurgical Group N.V. produces and sells engineered specialty metals and mineral products More
AMG Advanced 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 AMG Advanced'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 AMG Advanced Metallurgical upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.11) | |||
Maximum Drawdown | 10.27 | |||
Value At Risk | (3.61) | |||
Potential Upside | 4.25 |
AMG Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMG Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMG Advanced's standard deviation. In reality, there are many statistical measures that can use AMG Advanced historical prices to predict the future AMG Advanced's volatility.Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.25) | |||
Total Risk Alpha | (0.69) | |||
Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AMG Advanced'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.
AMG Advanced Metallu Backtested Returns
AMG Advanced Metallu secures Sharpe Ratio (or Efficiency) of -0.0512, which signifies that the company had a -0.0512% return per unit of risk over the last 3 months. AMG Advanced Metallurgical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AMG Advanced's Risk Adjusted Performance of (0.02), standard deviation of 2.42, and Mean Deviation of 1.98 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. AMG Advanced returns are very sensitive to returns on the market. As the market goes up or down, AMG Advanced is expected to follow. AMG Advanced Metallu has an expected return of -0.13%. Please make sure to confirm AMG Advanced Metallu coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if AMG Advanced Metallu performance from the past will be repeated in the future.
Auto-correlation | 0.05 |
Virtually no predictability
AMG Advanced Metallurgical has virtually no predictability. Overlapping area represents the amount of predictability between AMG Advanced time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 AMG Advanced Metallu price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current AMG Advanced price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.05 | |
Spearman Rank Test | -0.59 | |
Residual Average | 0.0 | |
Price Variance | 0.05 |
AMG Advanced Metallu lagged returns against current returns
Autocorrelation, which is AMG Advanced 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 AMG Advanced's stock expected returns. We can calculate the autocorrelation of AMG Advanced returns to help us make a trade decision. For example, suppose you find that AMG Advanced 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 |
AMG Advanced 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 AMG Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMG Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMG Advanced stock over time.
Current vs Lagged Prices |
Timeline |
AMG Advanced Lagged Returns
When evaluating AMG Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMG Advanced stock have on its future price. AMG Advanced 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, AMG Advanced autocorrelation shows the relationship between AMG Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in AMG Advanced Metallurgical.
Regressed Prices |
Timeline |
Pair Trading with AMG Advanced
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AMG Advanced position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AMG Advanced will appreciate offsetting losses from the drop in the long position's value.Moving together with AMG Stock
0.63 | INGA | ING Groep NV | PairCorr |
Moving against AMG Stock
0.41 | HEIO | Heineken Holding | PairCorr |
The ability to find closely correlated positions to AMG Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AMG Advanced when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AMG Advanced - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AMG Advanced Metallurgical to buy it.
The correlation of AMG Advanced is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AMG Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AMG Advanced Metallu moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AMG Advanced can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out AMG Advanced Correlation, AMG Advanced Volatility and AMG Advanced Alpha and Beta module to complement your research on AMG Advanced. Note that the AMG Advanced Metallu information on this page should be used as a complementary analysis to other AMG Advanced'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for AMG Stock analysis
When running AMG Advanced's price analysis, check to measure AMG Advanced'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 AMG Advanced is operating at the current time. Most of AMG Advanced's value examination focuses on studying past and present price action to predict the probability of AMG Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMG Advanced's price. Additionally, you may evaluate how the addition of AMG Advanced to your portfolios can decrease your overall portfolio volatility.
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AMG Advanced technical stock 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, stock market cycles, or different charting patterns.