Aalberts Industries (Netherlands) Market Value
| AALB Stock | EUR 33.88 0.16 0.47% |
| Symbol | Aalberts |
Aalberts Industries '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 Aalberts Industries' 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 Aalberts Industries.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Aalberts Industries on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Aalberts Industries NV or generate 0.0% return on investment in Aalberts Industries over 30 days. Aalberts Industries is related to or competes with Pharming Group, AMG Advanced, Alfen Beheer, and BE Semiconductor. The company operates through four segments Installation Technology, Material Technology, Climate Technology, and Industr... More
Aalberts Industries 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 Aalberts Industries' 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 Aalberts Industries NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.91 |
Aalberts Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aalberts Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aalberts Industries' standard deviation. In reality, there are many statistical measures that can use Aalberts Industries historical prices to predict the future Aalberts Industries' volatility.| Risk Adjusted Performance | 0.002 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.03) |
Aalberts Industries Backtested Returns
Aalberts Industries secures Sharpe Ratio (or Efficiency) of -0.0072, which signifies that the company had a -0.0072% return per unit of risk over the last 3 months. Aalberts Industries NV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aalberts Industries' Standard Deviation of 1.78, risk adjusted performance of 0.002, and Mean Deviation of 1.24 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aalberts Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aalberts Industries is expected to be smaller as well. At this point, Aalberts Industries has a negative expected return of -0.0128%. Please make sure to confirm Aalberts Industries' jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Aalberts Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Aalberts Industries NV has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aalberts Industries time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Aalberts Industries price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Aalberts Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Aalberts Industries lagged returns against current returns
Autocorrelation, which is Aalberts Industries 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 Aalberts Industries' stock expected returns. We can calculate the autocorrelation of Aalberts Industries returns to help us make a trade decision. For example, suppose you find that Aalberts Industries 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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Aalberts Industries 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 Aalberts Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aalberts Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aalberts Industries stock over time.
Current vs Lagged Prices |
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Aalberts Industries Lagged Returns
When evaluating Aalberts Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aalberts Industries stock have on its future price. Aalberts Industries 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, Aalberts Industries autocorrelation shows the relationship between Aalberts Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Aalberts Industries NV.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Aalberts Stock Analysis
When running Aalberts Industries' price analysis, check to measure Aalberts Industries' 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 Aalberts Industries is operating at the current time. Most of Aalberts Industries' value examination focuses on studying past and present price action to predict the probability of Aalberts Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aalberts Industries' price. Additionally, you may evaluate how the addition of Aalberts Industries to your portfolios can decrease your overall portfolio volatility.