Atal SA (Poland) Market Value
| 1AT Stock | 53.40 1.40 2.69% |
| Symbol | Atal |
Atal SA '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 Atal SA'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 Atal SA.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Atal SA on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Atal SA or generate 0.0% return on investment in Atal SA over 180 days.
Atal SA 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 Atal SA'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 Atal SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.0028 | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.38 |
Atal SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atal SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atal SA's standard deviation. In reality, there are many statistical measures that can use Atal SA historical prices to predict the future Atal SA's volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 0.1483 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0022 | |||
| Treynor Ratio | (1.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atal SA'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.
Atal SA Backtested Returns
Currently, Atal SA is very steady. Atal SA secures Sharpe Ratio (or Efficiency) of 0.0822, which signifies that the company had a 0.0822% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Atal SA, which you can use to evaluate the volatility of the firm. Please confirm Atal SA's risk adjusted performance of 0.0761, and Mean Deviation of 1.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Atal SA has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Atal SA are expected to decrease at a much lower rate. During the bear market, Atal SA is likely to outperform the market. Atal SA right now shows a risk of 1.55%. Please confirm Atal SA value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Atal SA will be following its price patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Atal SA has good reverse predictability. Overlapping area represents the amount of predictability between Atal SA time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Atal SA price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Atal SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2.87 |
Atal SA lagged returns against current returns
Autocorrelation, which is Atal SA 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 Atal SA's stock expected returns. We can calculate the autocorrelation of Atal SA returns to help us make a trade decision. For example, suppose you find that Atal SA 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 |
Atal SA 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 Atal SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atal SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atal SA stock over time.
Current vs Lagged Prices |
| Timeline |
Atal SA Lagged Returns
When evaluating Atal SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atal SA stock have on its future price. Atal SA 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, Atal SA autocorrelation shows the relationship between Atal SA stock current value and its past values and can show if there is a momentum factor associated with investing in Atal SA.
Regressed Prices |
| Timeline |
Pair Trading with Atal SA
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 Atal SA 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 Atal SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Atal Stock
Moving against Atal Stock
| 0.76 | PKN | Polski Koncern Naftowy | PairCorr |
| 0.76 | ALE | Allegroeu SA | PairCorr |
| 0.56 | PEO | Bank Polska Kasa | PairCorr |
| 0.53 | SPL | Santander Bank Polska | PairCorr |
| 0.51 | PCO | Pepco Group BV | PairCorr |
The ability to find closely correlated positions to Atal SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atal SA 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 Atal SA - 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 Atal SA to buy it.
The correlation of Atal SA 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 Atal SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atal SA 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 Atal SA 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.Additional Tools for Atal Stock Analysis
When running Atal SA's price analysis, check to measure Atal SA'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 Atal SA is operating at the current time. Most of Atal SA's value examination focuses on studying past and present price action to predict the probability of Atal SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atal SA's price. Additionally, you may evaluate how the addition of Atal SA to your portfolios can decrease your overall portfolio volatility.