Alfen Nv Stock Market Value
| ABHBY Stock | 7.00 1.00 16.67% |
| Symbol | Alfen |
Alfen NV '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 Alfen NV's otc 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 Alfen NV.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Alfen NV on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Alfen NV or generate 0.0% return on investment in Alfen NV over 30 days. Alfen NV is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. More
Alfen NV 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 Alfen NV's otc 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 Alfen NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 34.34 |
Alfen NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alfen NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alfen NV's standard deviation. In reality, there are many statistical measures that can use Alfen NV historical prices to predict the future Alfen NV's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.6141 |
Alfen NV Backtested Returns
Alfen NV secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Alfen NV exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alfen NV's risk adjusted performance of (0.03), and Mean Deviation of 0.8275 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alfen NV are expected to decrease at a much lower rate. During the bear market, Alfen NV is likely to outperform the market. At this point, Alfen NV has a negative expected return of -0.39%. Please make sure to confirm Alfen NV's information ratio, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Alfen NV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Alfen NV has no correlation between past and present. Overlapping area represents the amount of predictability between Alfen NV 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 Alfen NV price movement. The serial correlation of 0.0 indicates that just 0.0% of current Alfen NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Alfen NV lagged returns against current returns
Autocorrelation, which is Alfen NV otc 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 Alfen NV's otc stock expected returns. We can calculate the autocorrelation of Alfen NV returns to help us make a trade decision. For example, suppose you find that Alfen NV has exhibited high autocorrelation historically, and you observe that the otc 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 |
Alfen NV 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 Alfen NV otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alfen NV otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alfen NV otc stock over time.
Current vs Lagged Prices |
| Timeline |
Alfen NV Lagged Returns
When evaluating Alfen NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alfen NV otc stock have on its future price. Alfen NV 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, Alfen NV autocorrelation shows the relationship between Alfen NV otc stock current value and its past values and can show if there is a momentum factor associated with investing in Alfen NV.
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 Alfen OTC Stock Analysis
When running Alfen NV's price analysis, check to measure Alfen NV'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 Alfen NV is operating at the current time. Most of Alfen NV's value examination focuses on studying past and present price action to predict the probability of Alfen NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alfen NV's price. Additionally, you may evaluate how the addition of Alfen NV to your portfolios can decrease your overall portfolio volatility.