ALSO Holding (UK) Market Value
| 0QLW Stock | 233.00 2.00 0.85% |
| Symbol | ALSO |
ALSO Holding '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 ALSO Holding'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 ALSO Holding.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in ALSO Holding on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding ALSO Holding AG or generate 0.0% return on investment in ALSO Holding over 30 days. ALSO Holding is related to or competes with Uniper SE, Mulberry Group, London Security, Triad Group, World Chess, SURETRACK MON, and Heavitree Brewery. ALSO Holding is entity of United Kingdom More
ALSO Holding 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 ALSO Holding'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 ALSO Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 6.55 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.07 |
ALSO Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALSO Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALSO Holding's standard deviation. In reality, there are many statistical measures that can use ALSO Holding historical prices to predict the future ALSO Holding's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.28) |
ALSO Holding AG Backtested Returns
ALSO Holding AG secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. ALSO Holding AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALSO Holding's mean deviation of 0.9801, and Risk Adjusted Performance of (0.06) 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, ALSO Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALSO Holding is expected to be smaller as well. At this point, ALSO Holding AG has a negative expected return of -0.16%. Please make sure to confirm ALSO Holding's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if ALSO Holding AG performance from the past will be repeated in the future.
Auto-correlation | -0.6 |
Good reverse predictability
ALSO Holding AG has good reverse predictability. Overlapping area represents the amount of predictability between ALSO Holding time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 ALSO Holding AG price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current ALSO Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 9.38 |
ALSO Holding AG lagged returns against current returns
Autocorrelation, which is ALSO Holding 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 ALSO Holding's stock expected returns. We can calculate the autocorrelation of ALSO Holding returns to help us make a trade decision. For example, suppose you find that ALSO Holding 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 |
ALSO Holding 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 ALSO Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALSO Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALSO Holding stock over time.
Current vs Lagged Prices |
| Timeline |
ALSO Holding Lagged Returns
When evaluating ALSO Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALSO Holding stock have on its future price. ALSO Holding 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, ALSO Holding autocorrelation shows the relationship between ALSO Holding stock current value and its past values and can show if there is a momentum factor associated with investing in ALSO Holding AG.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for ALSO Stock Analysis
When running ALSO Holding's price analysis, check to measure ALSO Holding'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 ALSO Holding is operating at the current time. Most of ALSO Holding's value examination focuses on studying past and present price action to predict the probability of ALSO Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALSO Holding's price. Additionally, you may evaluate how the addition of ALSO Holding to your portfolios can decrease your overall portfolio volatility.