Alliance Global (Philippines) Market Value
| AGI Stock | 8.78 0.02 0.23% |
| Symbol | Alliance |
Alliance Global '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 Alliance Global'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 Alliance Global.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alliance Global on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Alliance Global Group or generate 0.0% return on investment in Alliance Global over 30 days. Alliance Global is related to or competes with GT Capital, Allhome Corp, Jollibee Foods, and Monde Nissin. More
Alliance Global 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 Alliance Global'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 Alliance Global Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.81 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.83 |
Alliance Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alliance Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alliance Global's standard deviation. In reality, there are many statistical measures that can use Alliance Global historical prices to predict the future Alliance Global's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0094 | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.0867 |
Alliance Global Group Backtested Returns
Alliance Global Group secures Sharpe Ratio (or Efficiency) of -0.0264, which signifies that the company had a -0.0264% return per unit of risk over the last 3 months. Alliance Global Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alliance Global's Standard Deviation of 1.21, mean deviation of 0.8904, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alliance Global are expected to decrease at a much lower rate. During the bear market, Alliance Global is likely to outperform the market. At this point, Alliance Global Group has a negative expected return of -0.0312%. Please make sure to confirm Alliance Global's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Alliance Global Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Alliance Global Group has below average predictability. Overlapping area represents the amount of predictability between Alliance Global time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Alliance Global Group price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Alliance Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Alliance Global Group lagged returns against current returns
Autocorrelation, which is Alliance Global 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 Alliance Global's stock expected returns. We can calculate the autocorrelation of Alliance Global returns to help us make a trade decision. For example, suppose you find that Alliance Global 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 |
Alliance Global 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 Alliance Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alliance Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alliance Global stock over time.
Current vs Lagged Prices |
| Timeline |
Alliance Global Lagged Returns
When evaluating Alliance Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alliance Global stock have on its future price. Alliance Global 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, Alliance Global autocorrelation shows the relationship between Alliance Global stock current value and its past values and can show if there is a momentum factor associated with investing in Alliance Global Group.
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 Alliance Stock
Alliance Global financial ratios help investors to determine whether Alliance 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 Alliance with respect to the benefits of owning Alliance Global security.