Alumil Aluminium (Germany) Market Value
| A3A Stock | EUR 3.59 0.19 5.03% |
| Symbol | Alumil |
Alumil Aluminium '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 Alumil Aluminium'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 Alumil Aluminium.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Alumil Aluminium on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Alumil Aluminium Industry or generate 0.0% return on investment in Alumil Aluminium over 30 days. Alumil Aluminium is related to or competes with WisdomTree Investments, Rayonier Advanced, SANOK RUBBER, Strategic Investments, NEWELL RUBBERMAID, DIVERSIFIED ROYALTY, and PennyMac Mortgage. Alumil Aluminium Industry S.A., together with its subsidiaries, designs, produces, and distributes a range of architectu... More
Alumil Aluminium 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 Alumil Aluminium'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 Alumil Aluminium Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.1507 | |||
| Maximum Drawdown | 8.69 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 3.63 |
Alumil Aluminium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alumil Aluminium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alumil Aluminium's standard deviation. In reality, there are many statistical measures that can use Alumil Aluminium historical prices to predict the future Alumil Aluminium's volatility.| Risk Adjusted Performance | 0.179 | |||
| Jensen Alpha | 0.355 | |||
| Total Risk Alpha | 0.1156 | |||
| Sortino Ratio | 0.1484 | |||
| Treynor Ratio | 4.47 |
Alumil Aluminium Industry Backtested Returns
Alumil Aluminium appears to be somewhat reliable, given 3 months investment horizon. Alumil Aluminium Industry secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Alumil Aluminium Industry, which you can use to evaluate the volatility of the firm. Please makes use of Alumil Aluminium's Risk Adjusted Performance of 0.179, downside deviation of 1.68, and Mean Deviation of 1.18 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alumil Aluminium holds a performance score of 20. The firm shows a Beta (market volatility) of 0.0816, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alumil Aluminium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alumil Aluminium is expected to be smaller as well. Please check Alumil Aluminium's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Alumil Aluminium's price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Alumil Aluminium Industry has very weak predictability. Overlapping area represents the amount of predictability between Alumil Aluminium time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Alumil Aluminium Industry price movement. The serial correlation of 0.17 indicates that over 17.0% of current Alumil Aluminium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alumil Aluminium Industry lagged returns against current returns
Autocorrelation, which is Alumil Aluminium 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 Alumil Aluminium's stock expected returns. We can calculate the autocorrelation of Alumil Aluminium returns to help us make a trade decision. For example, suppose you find that Alumil Aluminium 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 |
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Alumil Aluminium 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 Alumil Aluminium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alumil Aluminium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alumil Aluminium stock over time.
Current vs Lagged Prices |
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Alumil Aluminium Lagged Returns
When evaluating Alumil Aluminium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alumil Aluminium stock have on its future price. Alumil Aluminium 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, Alumil Aluminium autocorrelation shows the relationship between Alumil Aluminium stock current value and its past values and can show if there is a momentum factor associated with investing in Alumil Aluminium Industry.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Alumil Stock
Alumil Aluminium financial ratios help investors to determine whether Alumil Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alumil with respect to the benefits of owning Alumil Aluminium security.