Accsys Technologies (Netherlands) Market Value
AXS Stock | EUR 0.71 0.04 5.97% |
Symbol | Accsys |
Accsys Technologies '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 Accsys Technologies' 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 Accsys Technologies.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Accsys Technologies on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Accsys Technologies or generate 0.0% return on investment in Accsys Technologies over 30 days. Accsys Technologies is related to or competes with AMG Advanced, Vastned Retail, Allfunds, Universal Music, BE Semiconductor, and Reinet Investments. Accsys Technologies PLC, together with its subsidiaries, produces and sells Accoya solid wood and Tricoya wood elements ... More
Accsys Technologies 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 Accsys Technologies' 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 Accsys Technologies upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.08) | |||
Maximum Drawdown | 7.92 | |||
Value At Risk | (2.78) | |||
Potential Upside | 1.64 |
Accsys Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accsys Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accsys Technologies' standard deviation. In reality, there are many statistical measures that can use Accsys Technologies historical prices to predict the future Accsys Technologies' volatility.Risk Adjusted Performance | 0.0047 | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.41) | |||
Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Accsys Technologies' 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.
Accsys Technologies Backtested Returns
Accsys Technologies secures Sharpe Ratio (or Efficiency) of -0.0041, which signifies that the company had a -0.0041% return per unit of standard deviation over the last 3 months. Accsys Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Accsys Technologies' mean deviation of 1.07, and Risk Adjusted Performance of 0.0047 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Accsys Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Accsys Technologies is expected to be smaller as well. Accsys Technologies has an expected return of -0.0072%. Please make sure to confirm Accsys Technologies coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Accsys Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Accsys Technologies has modest reverse predictability. Overlapping area represents the amount of predictability between Accsys Technologies time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Accsys Technologies price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Accsys Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.41 | |
Spearman Rank Test | -0.23 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Accsys Technologies lagged returns against current returns
Autocorrelation, which is Accsys Technologies 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 Accsys Technologies' stock expected returns. We can calculate the autocorrelation of Accsys Technologies returns to help us make a trade decision. For example, suppose you find that Accsys Technologies 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 |
Accsys Technologies 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 Accsys Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accsys Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accsys Technologies stock over time.
Current vs Lagged Prices |
Timeline |
Accsys Technologies Lagged Returns
When evaluating Accsys Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accsys Technologies stock have on its future price. Accsys Technologies 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, Accsys Technologies autocorrelation shows the relationship between Accsys Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Accsys Technologies.
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 Accsys Technologies 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, Accsys Technologies' short interest history, or implied volatility extrapolated from Accsys Technologies options trading.
Pair Trading with Accsys Technologies
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 Accsys Technologies 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 Accsys Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Accsys Stock
0.9 | EXO | Exor NV | PairCorr |
0.79 | ABN | ABN Amro Group | PairCorr |
0.72 | UNA | Unilever PLC | PairCorr |
0.65 | NN | NN Group NV | PairCorr |
0.44 | SHELL | Shell PLC | PairCorr |
The ability to find closely correlated positions to Accsys Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accsys Technologies 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 Accsys Technologies - 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 Accsys Technologies to buy it.
The correlation of Accsys Technologies 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 Accsys Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accsys Technologies 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 Accsys Technologies 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 Accsys Technologies Correlation, Accsys Technologies Volatility and Accsys Technologies Alpha and Beta module to complement your research on Accsys Technologies. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Accsys Stock analysis
When running Accsys Technologies' price analysis, check to measure Accsys Technologies' 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 Accsys Technologies is operating at the current time. Most of Accsys Technologies' value examination focuses on studying past and present price action to predict the probability of Accsys Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accsys Technologies' price. Additionally, you may evaluate how the addition of Accsys Technologies to your portfolios can decrease your overall portfolio volatility.
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Accsys Technologies 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.