Akzo Nobel Nv Stock Market Value
| AKZOF Stock | USD 71.61 0.61 0.84% |
| Symbol | Akzo |
Akzo Nobel '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 Akzo Nobel's otc 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 Akzo Nobel.
| 03/16/2024 |
| 04/15/2024 |
If you would invest 0.00 in Akzo Nobel on March 16, 2024 and sell it all today you would earn a total of 0.00 from holding Akzo Nobel NV or generate 0.0% return on investment in Akzo Nobel over 30 days. Akzo Nobel is related to or competes with Air Liquide, Sherwin Williams, Ecolab, Air Products, PPG Industries, and Dupont De. Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide More
Akzo Nobel 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 Akzo Nobel's otc 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 Akzo Nobel NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 6.38 | |||
| Value At Risk | (0.84) |
Akzo Nobel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akzo Nobel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akzo Nobel's standard deviation. In reality, there are many statistical measures that can use Akzo Nobel historical prices to predict the future Akzo Nobel's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 1.08 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Akzo Nobel'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.
Akzo Nobel NV Backtested Returns
Akzo Nobel NV secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Akzo Nobel NV exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akzo Nobel's Standard Deviation of 0.7469, mean deviation of 0.2981, and Risk Adjusted Performance of (0.1) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Akzo Nobel are expected to decrease at a much lower rate. During the bear market, Akzo Nobel is likely to outperform the market. Akzo Nobel NV has an expected return of -0.13%. Please make sure to confirm Akzo Nobel NV treynor ratio, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Akzo Nobel NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Akzo Nobel NV has modest reverse predictability. Overlapping area represents the amount of predictability between Akzo Nobel time series from 16th of March 2024 to 31st of March 2024 and 31st of March 2024 to 15th of April 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 Akzo Nobel NV price movement. The serial correlation of -0.5 indicates that about 50.0% of current Akzo Nobel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 2.77 |
Akzo Nobel NV lagged returns against current returns
Autocorrelation, which is Akzo Nobel otc 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 Akzo Nobel's otc stock expected returns. We can calculate the autocorrelation of Akzo Nobel returns to help us make a trade decision. For example, suppose you find that Akzo Nobel has exhibited high autocorrelation historically, and you observe that the otc 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 |
Akzo Nobel 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 Akzo Nobel otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akzo Nobel otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akzo Nobel otc stock over time.
Current vs Lagged Prices |
| Timeline |
Akzo Nobel Lagged Returns
When evaluating Akzo Nobel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akzo Nobel otc stock have on its future price. Akzo Nobel 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, Akzo Nobel autocorrelation shows the relationship between Akzo Nobel otc stock current value and its past values and can show if there is a momentum factor associated with investing in Akzo Nobel NV.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Akzo Nobel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Akzo Nobel's short interest history, or implied volatility extrapolated from Akzo Nobel options trading.
Pair Trading with Akzo Nobel
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 Akzo Nobel 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 Akzo Nobel will appreciate offsetting losses from the drop in the long position's value.Moving together with Akzo OTC Stock
| 0.62 | APD | Air Products Sell-off Trend | PairCorr |
Moving against Akzo OTC Stock
| 0.77 | ECL | Ecolab Inc Financial Report 7th of May 2024 | PairCorr |
| 0.7 | GVDNY | Givaudan SA ADR | PairCorr |
| 0.64 | SHW | Sherwin Williams Earnings Call Next Week | PairCorr |
| 0.63 | SKFOF | Sika AG | PairCorr |
| 0.62 | SXYAY | Sika AG ADR Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Akzo Nobel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akzo Nobel 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 Akzo Nobel - 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 Akzo Nobel NV to buy it.
The correlation of Akzo Nobel 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 Akzo Nobel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akzo Nobel NV 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 Akzo Nobel 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 Akzo Nobel Correlation, Akzo Nobel Volatility and Akzo Nobel Alpha and Beta module to complement your research on Akzo Nobel. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Akzo OTC Stock analysis
When running Akzo Nobel's price analysis, check to measure Akzo Nobel'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 Akzo Nobel is operating at the current time. Most of Akzo Nobel's value examination focuses on studying past and present price action to predict the probability of Akzo Nobel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akzo Nobel's price. Additionally, you may evaluate how the addition of Akzo Nobel to your portfolios can decrease your overall portfolio volatility.
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Akzo Nobel technical otc 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, otc market cycles, or different charting patterns.