Assicurazioni Generali Spa Stock Market Value
| ARZGF Stock | USD 25.00 0.00 0.00% |
| Symbol | Assicurazioni |
Assicurazioni Generali '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 Assicurazioni Generali'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 Assicurazioni Generali.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Assicurazioni Generali on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Assicurazioni Generali SpA or generate 0.0% return on investment in Assicurazioni Generali over 720 days. Assicurazioni Generali is related to or competes with Berkshire Hathaway, Berkshire Hathaway, and American International. Assicurazioni Generali S.p.A. provides various insurance solutions More
Assicurazioni Generali 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 Assicurazioni Generali'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 Assicurazioni Generali SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1161 | |||
| Maximum Drawdown | 15.42 |
Assicurazioni Generali Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Assicurazioni Generali's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Assicurazioni Generali's standard deviation. In reality, there are many statistical measures that can use Assicurazioni Generali historical prices to predict the future Assicurazioni Generali's volatility.| Risk Adjusted Performance | 0.0998 | |||
| Jensen Alpha | 0.2701 | |||
| Total Risk Alpha | 0.1013 | |||
| Treynor Ratio | 0.7924 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Assicurazioni Generali'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.
Assicurazioni Generali Backtested Returns
Assicurazioni Generali appears to be very steady, given 3 months investment horizon. Assicurazioni Generali secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Assicurazioni Generali SpA, which you can use to evaluate the volatility of the firm. Please makes use of Assicurazioni Generali's Standard Deviation of 2.01, risk adjusted performance of 0.0998, and Mean Deviation of 0.6141 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Assicurazioni Generali holds a performance score of 12. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Assicurazioni Generali's returns are expected to increase less than the market. However, during the bear market, the loss of holding Assicurazioni Generali is expected to be smaller as well. Please check Assicurazioni Generali's information ratio and kurtosis , to make a quick decision on whether Assicurazioni Generali's price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Assicurazioni Generali SpA has average predictability. Overlapping area represents the amount of predictability between Assicurazioni Generali time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th 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 Assicurazioni Generali price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Assicurazioni Generali price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 1.59 |
Assicurazioni Generali lagged returns against current returns
Autocorrelation, which is Assicurazioni Generali 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 Assicurazioni Generali's pink sheet expected returns. We can calculate the autocorrelation of Assicurazioni Generali returns to help us make a trade decision. For example, suppose you find that Assicurazioni Generali 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 |
Assicurazioni Generali 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 Assicurazioni Generali pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Assicurazioni Generali pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Assicurazioni Generali pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Assicurazioni Generali Lagged Returns
When evaluating Assicurazioni Generali's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Assicurazioni Generali pink sheet have on its future price. Assicurazioni Generali 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, Assicurazioni Generali autocorrelation shows the relationship between Assicurazioni Generali pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Assicurazioni Generali SpA.
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 Assicurazioni Generali 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, Assicurazioni Generali's short interest history, or implied volatility extrapolated from Assicurazioni Generali options trading.
Pair Trading with Assicurazioni Generali
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 Assicurazioni Generali 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 Assicurazioni Generali will appreciate offsetting losses from the drop in the long position's value.Moving together with Assicurazioni Pink Sheet
| 0.67 | ALIZF | Allianz SE | PairCorr |
| 0.7 | AXAHY | Axa SA ADR | PairCorr |
Moving against Assicurazioni Pink Sheet
| 0.84 | ELGL | Element Global | PairCorr |
| 0.47 | VNTN | VentureNet Capital | PairCorr |
The ability to find closely correlated positions to Assicurazioni Generali could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Assicurazioni Generali 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 Assicurazioni Generali - 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 Assicurazioni Generali SpA to buy it.
The correlation of Assicurazioni Generali 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 Assicurazioni Generali moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assicurazioni Generali 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 Assicurazioni Generali 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 Assicurazioni Generali Correlation, Assicurazioni Generali Volatility and Assicurazioni Generali Alpha and Beta module to complement your research on Assicurazioni Generali. Note that the Assicurazioni Generali information on this page should be used as a complementary analysis to other Assicurazioni Generali'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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Assicurazioni Pink Sheet analysis
When running Assicurazioni Generali's price analysis, check to measure Assicurazioni Generali'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 Assicurazioni Generali is operating at the current time. Most of Assicurazioni Generali's value examination focuses on studying past and present price action to predict the probability of Assicurazioni Generali's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Assicurazioni Generali's price. Additionally, you may evaluate how the addition of Assicurazioni Generali to your portfolios can decrease your overall portfolio volatility.
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Assicurazioni Generali 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.