Amada Co Stock Market Value
AMDLY Stock | USD 44.54 0.00 0.00% |
Symbol | Amada |
Amada '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 Amada'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 Amada.
03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in Amada on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding Amada Co or generate 0.0% return on investment in Amada over 30 days. Amada is related to or competes with AAC Clyde, Avante Logixx, Corby Spirit, HUMANA, Thrivent High, Morningstar Unconstrained, and Via Renewables. Amada Co., Ltd., together with its subsidiaries, manufactures, sells, leases, repairs, maintains, checks, and inspects m... More
Amada 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 Amada'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 Amada Co upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | 0.0419 | |||
Maximum Drawdown | 16.53 |
Amada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amada's standard deviation. In reality, there are many statistical measures that can use Amada historical prices to predict the future Amada's volatility.Risk Adjusted Performance | 0.0621 | |||
Jensen Alpha | 0.1365 | |||
Total Risk Alpha | (0.07) | |||
Treynor Ratio | 0.9534 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amada'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.
Amada Backtested Returns
We consider Amada very steady. Amada secures Sharpe Ratio (or Efficiency) of 0.093, which signifies that the company had a 0.093% return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for Amada Co, which you can use to evaluate the volatility of the firm. Please confirm Amada's risk adjusted performance of 0.0621, and Mean Deviation of 0.5821 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Amada has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amada is expected to be smaller as well. Amada right now shows a risk of 1.78%. Please confirm Amada risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and day median price , to decide if Amada will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Amada Co has no correlation between past and present. Overlapping area represents the amount of predictability between Amada time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 Amada price movement. The serial correlation of 0.0 indicates that just 0.0% of current Amada price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.0 | |
Spearman Rank Test | -0.64 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Amada lagged returns against current returns
Autocorrelation, which is Amada 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 Amada's otc stock expected returns. We can calculate the autocorrelation of Amada returns to help us make a trade decision. For example, suppose you find that Amada 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 |
Amada 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 Amada otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amada otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amada otc stock over time.
Current vs Lagged Prices |
Timeline |
Amada Lagged Returns
When evaluating Amada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amada otc stock have on its future price. Amada 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, Amada autocorrelation shows the relationship between Amada otc stock current value and its past values and can show if there is a momentum factor associated with investing in Amada Co.
Regressed Prices |
Timeline |
Pair Trading with Amada
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 Amada 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 Amada will appreciate offsetting losses from the drop in the long position's value.Moving together with Amada OTC Stock
0.66 | MSFT | Microsoft Earnings Call This Week | PairCorr |
0.86 | NVDA | NVIDIA Financial Report 22nd of May 2024 | PairCorr |
0.71 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
Moving against Amada OTC Stock
0.82 | AAPL | Apple Inc Report 2nd of May 2024 | PairCorr |
0.64 | BA | Boeing Earnings Call This Week | PairCorr |
0.53 | MCD | McDonalds Report 23rd of April 2024 | PairCorr |
The ability to find closely correlated positions to Amada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amada 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 Amada - 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 Amada Co to buy it.
The correlation of Amada 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 Amada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amada 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 Amada 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 Amada Correlation, Amada Volatility and Amada Alpha and Beta module to complement your research on Amada. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Amada OTC Stock analysis
When running Amada's price analysis, check to measure Amada'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 Amada is operating at the current time. Most of Amada's value examination focuses on studying past and present price action to predict the probability of Amada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amada's price. Additionally, you may evaluate how the addition of Amada to your portfolios can decrease your overall portfolio volatility.
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Amada 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.