Albany International's market value is the price at which a share of Albany International trades on a public exchange. It measures the collective expectations of Albany International Corp investors about its performance. Albany International is trading at 78.50 as of the 18th of January 2025. This is a 1.29% increase since the beginning of the trading day. The stock's lowest day price was 78.5. With this module, you can estimate the performance of a buy and hold strategy of Albany International Corp and determine expected loss or profit from investing in Albany International over a given investment horizon. Check out Albany International Correlation, Albany International Volatility and Albany International Alpha and Beta module to complement your research on Albany International. For more detail on how to invest in Albany Stock please use our How to Invest in Albany International guide.
Please note, there is a significant difference between Albany International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Albany International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albany International'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.
Albany International '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 Albany International'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 Albany International.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Albany International on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Albany International Corp or generate 0.0% return on investment in Albany International over 30 days. Albany International is related to or competes with Shenzhou International, TORAY INDUSTRIES, Toray Industries, Coats Group, Interface, and Pacific Textiles. Albany International Corp. engages in textile and materials processing businesses worldwide More
Albany International 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 Albany International'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 Albany International Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Albany International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Albany International's standard deviation. In reality, there are many statistical measures that can use Albany International historical prices to predict the future Albany International's volatility.
Albany International appears to be very steady, given 3 months investment horizon. Albany International Corp 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. We have found twenty-seven technical indicators for Albany International Corp, which you can use to evaluate the volatility of the firm. Please makes use of Albany International's mean deviation of 1.73, and Risk Adjusted Performance of 0.1221 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Albany International holds a performance score of 8. 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, Albany International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Albany International is expected to be smaller as well. Please check Albany International's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Albany International's price patterns will revert.
Auto-correlation
0.12
Insignificant predictability
Albany International Corp has insignificant predictability. Overlapping area represents the amount of predictability between Albany International time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Albany International Corp price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Albany International price fluctuation can be explain by its past prices.
Correlation Coefficient
0.12
Spearman Rank Test
-0.32
Residual Average
0.0
Price Variance
1.06
Albany International Corp lagged returns against current returns
Autocorrelation, which is Albany International 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 Albany International's stock expected returns. We can calculate the autocorrelation of Albany International returns to help us make a trade decision. For example, suppose you find that Albany International 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
Albany International 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 Albany International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Albany International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Albany International stock over time.
Current vs Lagged Prices
Timeline
Albany International Lagged Returns
When evaluating Albany International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Albany International stock have on its future price. Albany International 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, Albany International autocorrelation shows the relationship between Albany International stock current value and its past values and can show if there is a momentum factor associated with investing in Albany International Corp.
Albany International financial ratios help investors to determine whether Albany 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 Albany with respect to the benefits of owning Albany International security.