AlzChem Group (Germany) Market Value

ACT Stock  EUR 57.00  1.20  2.06%   
AlzChem Group's market value is the price at which a share of AlzChem Group trades on a public exchange. It measures the collective expectations of AlzChem Group AG investors about its performance. AlzChem Group is trading at 57.00 as of the 22nd of December 2024, a 2.06 percent decrease since the beginning of the trading day. The stock's lowest day price was 55.4.
With this module, you can estimate the performance of a buy and hold strategy of AlzChem Group AG and determine expected loss or profit from investing in AlzChem Group over a given investment horizon. Check out AlzChem Group Correlation, AlzChem Group Volatility and AlzChem Group Alpha and Beta module to complement your research on AlzChem Group.
Symbol

Please note, there is a significant difference between AlzChem Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if AlzChem Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AlzChem Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

AlzChem Group '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 AlzChem Group'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 AlzChem Group.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in AlzChem Group on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding AlzChem Group AG or generate 0.0% return on investment in AlzChem Group over 720 days. AlzChem Group is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More

AlzChem Group 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 AlzChem Group'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 AlzChem Group AG upside and downside potential and time the market with a certain degree of confidence.

AlzChem Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for AlzChem Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AlzChem Group's standard deviation. In reality, there are many statistical measures that can use AlzChem Group historical prices to predict the future AlzChem Group's volatility.
Hype
Prediction
LowEstimatedHigh
53.7857.0060.22
Details
Intrinsic
Valuation
LowRealHigh
51.3063.3966.61
Details
Naive
Forecast
LowNextHigh
53.1456.3659.58
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
54.8058.4962.18
Details

AlzChem Group AG Backtested Returns

AlzChem Group appears to be very steady, given 3 months investment horizon. AlzChem Group AG secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AlzChem Group AG, which you can use to evaluate the volatility of the firm. Please makes use of AlzChem Group's Mean Deviation of 2.45, risk adjusted performance of 0.1329, and Downside Deviation of 2.65 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AlzChem Group holds a performance score of 10. The firm shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AlzChem Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding AlzChem Group is expected to be smaller as well. Please check AlzChem Group's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether AlzChem Group's price patterns will revert.

Auto-correlation

    
  0.75  

Good predictability

AlzChem Group AG has good predictability. Overlapping area represents the amount of predictability between AlzChem Group time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd of December 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 AlzChem Group AG price movement. The serial correlation of 0.75 indicates that around 75.0% of current AlzChem Group price fluctuation can be explain by its past prices.
Correlation Coefficient0.75
Spearman Rank Test0.83
Residual Average0.0
Price Variance133.99

AlzChem Group AG lagged returns against current returns

Autocorrelation, which is AlzChem Group 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 AlzChem Group's stock expected returns. We can calculate the autocorrelation of AlzChem Group returns to help us make a trade decision. For example, suppose you find that AlzChem Group 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  

AlzChem Group 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 AlzChem Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AlzChem Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AlzChem Group stock over time.
   Current vs Lagged Prices   
       Timeline  

AlzChem Group Lagged Returns

When evaluating AlzChem Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AlzChem Group stock have on its future price. AlzChem Group 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, AlzChem Group autocorrelation shows the relationship between AlzChem Group stock current value and its past values and can show if there is a momentum factor associated with investing in AlzChem Group AG.
   Regressed Prices   
       Timeline  

Also Currently Popular

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.

Other Information on Investing in AlzChem Stock

AlzChem Group financial ratios help investors to determine whether AlzChem 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 AlzChem with respect to the benefits of owning AlzChem Group security.