Albion Development (UK) Market Value
| AADV Stock | 85.00 1.00 1.16% |
| Symbol | Albion |
Albion Development '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 Albion Development'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 Albion Development.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Albion Development on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Albion Development VCT or generate 0.0% return on investment in Albion Development over 30 days. Albion Development is related to or competes with Oakley Capital, Alaska Air, Schroders Investment, Livermore Investments, Smithson Investment, Bankers Investment, and Finnair Oyj. Albion Development is entity of United Kingdom More
Albion Development 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 Albion Development'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 Albion Development VCT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 3.86 |
Albion Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Albion Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Albion Development's standard deviation. In reality, there are many statistical measures that can use Albion Development historical prices to predict the future Albion Development's volatility.| Risk Adjusted Performance | 0.0049 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.03) |
Albion Development VCT Backtested Returns
Albion Development VCT secures Sharpe Ratio (or Efficiency) of -0.0228, which signifies that the company had a -0.0228% return per unit of standard deviation over the last 3 months. Albion Development VCT exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Albion Development's mean deviation of 0.1157, and Risk Adjusted Performance of 0.0049 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Albion Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding Albion Development is expected to be smaller as well. At this point, Albion Development VCT has a negative expected return of -0.011%. Please make sure to confirm Albion Development's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Albion Development VCT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Albion Development VCT has no correlation between past and present. Overlapping area represents the amount of predictability between Albion Development time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Albion Development VCT price movement. The serial correlation of 0.0 indicates that just 0.0% of current Albion Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Albion Development VCT lagged returns against current returns
Autocorrelation, which is Albion Development 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 Albion Development's stock expected returns. We can calculate the autocorrelation of Albion Development returns to help us make a trade decision. For example, suppose you find that Albion Development 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 |
Albion Development 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 Albion Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Albion Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Albion Development stock over time.
Current vs Lagged Prices |
| Timeline |
Albion Development Lagged Returns
When evaluating Albion Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Albion Development stock have on its future price. Albion Development 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, Albion Development autocorrelation shows the relationship between Albion Development stock current value and its past values and can show if there is a momentum factor associated with investing in Albion Development VCT.
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 Albion Stock Analysis
When running Albion Development's price analysis, check to measure Albion Development'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 Albion Development is operating at the current time. Most of Albion Development's value examination focuses on studying past and present price action to predict the probability of Albion Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Albion Development's price. Additionally, you may evaluate how the addition of Albion Development to your portfolios can decrease your overall portfolio volatility.