Accenture Plc (Brazil) Market Value
| ACNB34 Stock | BRL 1,555 19.65 1.28% |
| Symbol | Accenture |
Accenture 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 Accenture 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 Accenture Plc.
| 11/23/2023 |
| 05/21/2024 |
If you would invest 0.00 in Accenture Plc on November 23, 2023 and sell it all today you would earn a total of 0.00 from holding Accenture plc or generate 0.0% return on investment in Accenture Plc over 180 days. Accenture Plc is related to or competes with Take Two, Zoom Video, Micron Technology, Salesforce, T Mobile, Palantir Technologies, and Uber Technologies. Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operat... More
Accenture 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 Accenture 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 Accenture plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 12.64 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.43 |
Accenture Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accenture Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accenture Plc's standard deviation. In reality, there are many statistical measures that can use Accenture Plc historical prices to predict the future Accenture Plc's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 20.55 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Accenture Plc'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.
Accenture plc Backtested Returns
Accenture plc secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Accenture plc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Accenture Plc's risk adjusted performance of (0.08), and Mean Deviation of 1.17 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0127, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Accenture Plc are expected to decrease at a much lower rate. During the bear market, Accenture Plc is likely to outperform the market. Accenture plc has an expected return of -0.19%. Please make sure to confirm Accenture plc coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Accenture plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Accenture plc has excellent reverse predictability. Overlapping area represents the amount of predictability between Accenture Plc time series from 23rd of November 2023 to 21st of February 2024 and 21st of February 2024 to 21st 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 Accenture plc price movement. The serial correlation of -0.82 indicates that around 82.0% of current Accenture Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 15.4 K |
Accenture plc lagged returns against current returns
Autocorrelation, which is Accenture 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 Accenture Plc's stock expected returns. We can calculate the autocorrelation of Accenture Plc returns to help us make a trade decision. For example, suppose you find that Accenture 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 |
| Timeline |
Accenture 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 Accenture Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accenture Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accenture Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Accenture Plc Lagged Returns
When evaluating Accenture Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accenture Plc stock have on its future price. Accenture 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, Accenture Plc autocorrelation shows the relationship between Accenture Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Accenture plc.
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.When determining whether Accenture plc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Accenture Plc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Accenture Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Accenture Plc Stock:Check out Accenture Plc Correlation, Accenture Plc Volatility and Accenture Plc Alpha and Beta module to complement your research on Accenture Plc. For information on how to trade Accenture Stock refer to our How to Trade Accenture Stock guide.Note that the Accenture plc information on this page should be used as a complementary analysis to other Accenture Plc'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Accenture Stock analysis
When running Accenture Plc's price analysis, check to measure Accenture Plc'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 Accenture Plc is operating at the current time. Most of Accenture Plc's value examination focuses on studying past and present price action to predict the probability of Accenture Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accenture Plc's price. Additionally, you may evaluate how the addition of Accenture Plc to your portfolios can decrease your overall portfolio volatility.
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Accenture Plc 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.