ATX (Austria) Market Value

ATX -  Austria Index  

 3,509  27.72  0.80%

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

Please note, there is a significant difference between ATX's value and its price as these two are different measures arrived at by different means. Investors typically determine ATX value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATX's 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.

ATX '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 ATX's 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 ATX.
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 ATX on July 3, 2021 and sell it all today you would earn a total of 0.00 from holding ATX or generate 0.0% return on investment in ATX over 30 days.

ATX 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 ATX's 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 ATX upside and downside potential and time the market with a certain degree of confidence.

ATX Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ATX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATX's standard deviation. In reality, there are many statistical measures that can use ATX historical prices to predict the future ATX's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ATX'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. Please use the tools below to analyze the current value of ATX in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
3,5083,5093,509
Details
Intrinsic
Valuation
LowReal ValueHigh
3,1573,1583,859
Details
Naive
Forecast
LowNext ValueHigh
3,5483,5493,550
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3,3423,4413,539
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ATX. Your research has to be compared to or analyzed against ATX's peers to derive any actionable benefits. When done correctly, ATX's 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 ATX.

ATX Backtested Returns

ATX secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the index had 0.14% of return per unit of volatility over the last 3 months. Our approach 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-eight technical indicators for ATX, 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 ATX's beta means in this case. the returns on MARKET and ATX are completely uncorrelated. Although it is extremely important to respect ATX historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach 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 ATX technical indicators, you can now evaluate if the expected return of 0.13% will be sustainable into the future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.32)   

Poor reverse predictability

ATX has poor reverse predictability. Overlapping area represents the amount of predictability between ATX 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 ATX price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current ATX price fluctuation can be explain by its past prices. Given that ATX has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ATX for similar time interval.
Correlation Coefficient-0.32
Spearman Rank Test-0.58
Residual Average0.0
Price Variance3956.26

ATX lagged returns against current returns

Autocorrelation, which is ATX 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 ATX's index expected returns. We can calculate the autocorrelation of ATX returns to help us make a trade decision. For example, suppose you find that ATX 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 
Share
      Timeline 

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

ATX Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in ATX 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 ATX Hype Analysis, ATX Correlation, Portfolio Optimization, ATX Volatility, as well as analyze ATX Alpha and Beta and ATX Performance. Note that the ATX information on this page should be used as a complementary analysis to other ATX'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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Other Tools for ATX Index

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