All Ords (Australia) Market Value

AORD -  Australia Index  

 7,760  96.30  1.26%

All Ords' market value is the price at which a share of All Ords stock trades on a public exchange. It measures the collective expectations of All Ords investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of All Ords and determine expected loss or profit from investing in All Ords over a given investment horizon. Check out All Ords Hype Analysis, All Ords Correlation, Portfolio Optimization, All Ords Volatility, as well as analyze All Ords Alpha and Beta and All Ords Performance.
Symbol
Backtest

Please note, there is a significant difference between All Ords' value and its price as these two are different measures arrived at by different means. Investors typically determine All Ords value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, All Ords' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

All Ords '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 All Ords' index 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 All Ords.
0.00
07/03/2021
No Change 0.00  0.0 
In 31 days
08/02/2021
0.00
If you would invest  0.00  in All Ords on July 3, 2021 and sell it all today you would earn a total of 0.00 from holding All Ords or generate 0.0% return on investment in All Ords over 30 days.

All Ords 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 All Ords' index 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 All Ords upside and downside potential and time the market with a certain degree of confidence.

All Ords Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for All Ords' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as All Ords' standard deviation. In reality, there are many statistical measures that can use All Ords historical prices to predict the future All Ords' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of All Ords' 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. Please use the tools below to analyze the current value of All Ords in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
7,7607,7607,761
Details
Intrinsic
Valuation
LowReal ValueHigh
6,9066,9078,537
Details
Naive
Forecast
LowNext ValueHigh
7,7387,7397,739
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7,5007,6177,734
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as All Ords. Your research has to be compared to or analyzed against All Ords' peers to derive any actionable benefits. When done correctly, All Ords' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in All Ords.

All Ords Backtested Returns

All Ords secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the index had 0.14% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of an index is to use all available market data together with index-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for All Ords, which you can use to evaluate the future volatility of the entity.
The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. Let's try to break down what All Ords's beta means in this case. the returns on MARKET and All Ords are completely uncorrelated. Although it is extremely important to respect All Ords historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any index is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing All Ords technical indicators, you can presently evaluate if the expected return of 0.096% will be sustainable into the future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.36   

Below average predictability

All Ords has below average predictability. Overlapping area represents the amount of predictability between All Ords time series from 3rd of July 2021 to 18th of July 2021 and 18th of July 2021 to 2nd of August 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of All Ords price movement. The serial correlation of 0.36 indicates that just about 36.0% of current All Ords price fluctuation can be explain by its past prices.
Correlation Coefficient0.36
Spearman Rank Test0.21
Residual Average0.0
Price Variance3300.44

All Ords lagged returns against current returns

Autocorrelation, which is All Ords index'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 All Ords' index expected returns. We can calculate the autocorrelation of All Ords returns to help us make a trade decision. For example, suppose you find that All Ords index 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

All Ords 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 All Ords index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if All Ords index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in All Ords index over time.
 Current vs Lagged Prices 
Share
      Timeline 

All Ords Lagged Returns

When evaluating All Ords' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of All Ords index have on its future price. All Ords 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, All Ords autocorrelation shows the relationship between All Ords index current value and its past values and can show if there is a momentum factor associated with investing in All Ords.
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in All Ords without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out All Ords Hype Analysis, All Ords Correlation, Portfolio Optimization, All Ords Volatility, as well as analyze All Ords Alpha and Beta and All Ords Performance. Note that the All Ords information on this page should be used as a complementary analysis to other All Ords' 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Other Tools for All Ords Index

When running All Ords price analysis, check to measure All Ords' 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 All Ords is operating at the current time. Most of All Ords' value examination focuses on studying past and present price action to predict the probability of All Ords' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move All Ords' price. Additionally, you may evaluate how the addition of All Ords to your portfolios can decrease your overall portfolio volatility.
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