ABO (Belgium) Market Value
| ABO Stock | EUR 5.45 0.15 2.68% |
| Symbol | ABO |
ABO '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 ABO'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 ABO.
| 10/11/2022 |
| 05/03/2024 |
If you would invest 0.00 in ABO on October 11, 2022 and sell it all today you would earn a total of 0.00 from holding ABO Group or generate 0.0% return on investment in ABO over 570 days. ABO is related to or competes with Proximus, Ageas SANV, Etablissementen Franz, and KBC Groep. ABO-Group Environment NV provides integrated consulting and testing services in the areas of soil, environment, geotechn... More
ABO 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 ABO'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 ABO Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.4 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 2.75 |
ABO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABO's standard deviation. In reality, there are many statistical measures that can use ABO historical prices to predict the future ABO's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.2065 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ABO'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.
ABO Group Backtested Returns
We consider ABO somewhat reliable. ABO Group secures Sharpe Ratio (or Efficiency) of 7.0E-4, which signifies that the company had a 7.0E-4% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for ABO Group, which you can use to evaluate the volatility of the entity. Please confirm ABO's Mean Deviation of 1.32, variance of 3.7, and Coefficient Of Variation of (5,519) to double-check if the risk estimate we provide is consistent with the expected return of 0.0014%. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ABO are expected to decrease at a much lower rate. During the bear market, ABO is likely to outperform the market. ABO Group at this time shows a risk of 1.98%. Please confirm ABO Group total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if ABO Group will be following its price patterns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
ABO Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ABO time series from 11th of October 2022 to 23rd of July 2023 and 23rd of July 2023 to 3rd of May 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 ABO Group price movement. The serial correlation of -0.73 indicates that around 73.0% of current ABO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
ABO Group lagged returns against current returns
Autocorrelation, which is ABO 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 ABO's stock expected returns. We can calculate the autocorrelation of ABO returns to help us make a trade decision. For example, suppose you find that ABO 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 |
ABO 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 ABO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABO stock over time.
Current vs Lagged Prices |
| Timeline |
ABO Lagged Returns
When evaluating ABO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABO stock have on its future price. ABO 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, ABO autocorrelation shows the relationship between ABO stock current value and its past values and can show if there is a momentum factor associated with investing in ABO Group.
Regressed Prices |
| Timeline |
Pair Trading with ABO
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 ABO 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 ABO will appreciate offsetting losses from the drop in the long position's value.Moving against ABO Stock
| 0.49 | AZE | Azelis Group NV | PairCorr |
The ability to find closely correlated positions to ABO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABO 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 ABO - 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 ABO Group to buy it.
The correlation of ABO 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 ABO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABO Group 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 ABO 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 ABO Correlation, ABO Volatility and ABO Alpha and Beta module to complement your research on ABO. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for ABO Stock analysis
When running ABO's price analysis, check to measure ABO'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 ABO is operating at the current time. Most of ABO's value examination focuses on studying past and present price action to predict the probability of ABO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABO's price. Additionally, you may evaluate how the addition of ABO to your portfolios can decrease your overall portfolio volatility.
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ABO 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.