Alterola Biotech Stock Market Value
| ABTI Stock | USD 0.01 0 25.00% |
| Symbol | Alterola |
Alterola Biotech '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 Alterola Biotech's pink sheet 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 Alterola Biotech.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Alterola Biotech on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alterola Biotech or generate 0.0% return on investment in Alterola Biotech over 30 days. Alterola Biotech is related to or competes with Crescita Therapeutics. Alterola Biotech, Inc., a pharmaceutical company, engages in the development of cannabinoid and cannabinoid-like molecul... More
Alterola Biotech 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 Alterola Biotech's pink sheet 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 Alterola Biotech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.94 | |||
| Information Ratio | 0.0165 | |||
| Maximum Drawdown | 171.75 | |||
| Value At Risk | (19.00) | |||
| Potential Upside | 14.75 |
Alterola Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alterola Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alterola Biotech's standard deviation. In reality, there are many statistical measures that can use Alterola Biotech historical prices to predict the future Alterola Biotech's volatility.| Risk Adjusted Performance | 0.027 | |||
| Jensen Alpha | 0.2524 | |||
| Total Risk Alpha | (2.74) | |||
| Sortino Ratio | 0.0092 | |||
| Treynor Ratio | 0.2639 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alterola Biotech'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.
Alterola Biotech Backtested Returns
Alterola Biotech appears to be out of control, given 3 months investment horizon. Alterola Biotech secures Sharpe Ratio (or Efficiency) of 0.0232, which signifies that the company had a 0.0232% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Alterola Biotech, which you can use to evaluate the volatility of the firm. Please makes use of Alterola Biotech's Mean Deviation of 6.81, risk adjusted performance of 0.027, and Downside Deviation of 36.94 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alterola Biotech holds a performance score of 1. The firm shows a Beta (market volatility) of 1.74, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alterola Biotech will likely underperform. Please check Alterola Biotech's maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether Alterola Biotech's price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Alterola Biotech has virtually no predictability. Overlapping area represents the amount of predictability between Alterola Biotech time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Alterola Biotech price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Alterola Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alterola Biotech lagged returns against current returns
Autocorrelation, which is Alterola Biotech pink sheet'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 Alterola Biotech's pink sheet expected returns. We can calculate the autocorrelation of Alterola Biotech returns to help us make a trade decision. For example, suppose you find that Alterola Biotech has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Alterola Biotech 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 Alterola Biotech pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alterola Biotech pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alterola Biotech pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Alterola Biotech Lagged Returns
When evaluating Alterola Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alterola Biotech pink sheet have on its future price. Alterola Biotech 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, Alterola Biotech autocorrelation shows the relationship between Alterola Biotech pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Alterola Biotech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Alterola Pink Sheet
Alterola Biotech financial ratios help investors to determine whether Alterola Pink Sheet 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 Alterola with respect to the benefits of owning Alterola Biotech security.