Akzo Nobel (Netherlands) Market Value
| AKZA Stock | EUR 66.10 0.40 0.61% |
| 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 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.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Akzo Nobel on March 20, 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 Randstad, Koninklijke Philips, Koninklijke KPN, and Aegon NV. Akzo Nobel N.V. operates as a paints and coatings company 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 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 | (0.13) | |||
| Maximum Drawdown | 4.98 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 1.77 |
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 | (0.04) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.27) |
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 -0.0556, which signifies that the company had a -0.0556% return per unit of risk over the last 3 months. Akzo Nobel NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akzo Nobel's Standard Deviation of 1.1, mean deviation of 0.8583, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Akzo Nobel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Akzo Nobel is expected to be smaller as well. Akzo Nobel NV has an expected return of -0.062%. Please make sure to confirm Akzo Nobel NV potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Akzo Nobel NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Akzo Nobel NV has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Akzo Nobel time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 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 Akzo Nobel NV price movement. The serial correlation of -0.8 indicates that around 80.0% of current Akzo Nobel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
Akzo Nobel NV lagged returns against current returns
Autocorrelation, which is Akzo Nobel 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akzo Nobel 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 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 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 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 |
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 against Akzo Stock
| 0.69 | ARCAD | Arcadis NV | PairCorr |
| 0.69 | VPK | Koninklijke Vopak Earnings Call This Week | PairCorr |
| 0.55 | IMCD | IMCD NV Earnings Call This Week | PairCorr |
| 0.49 | INPST | Inpost SA | PairCorr |
| 0.45 | ALLFG | Allfunds Group Earnings Call This Week | 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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Akzo 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.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
Akzo Nobel 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.