ALK-Abelló A/S's market value is the price at which a share of ALK-Abelló A/S trades on a public exchange. It measures the collective expectations of ALK Abell AS investors about its performance. ALK-Abelló A/S is trading at 20.30 as of the 5th of February 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 20.3. With this module, you can estimate the performance of a buy and hold strategy of ALK Abell AS and determine expected loss or profit from investing in ALK-Abelló A/S over a given investment horizon. Check out ALK-Abelló A/S Correlation, ALK-Abelló A/S Volatility and ALK-Abelló A/S Alpha and Beta module to complement your research on ALK-Abelló A/S.
Please note, there is a significant difference between ALK-Abelló A/S's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALK-Abelló A/S is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALK-Abelló A/S'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.
ALK-Abelló A/S '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 ALK-Abelló A/S'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 ALK-Abelló A/S.
0.00
02/16/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
02/05/2025
0.00
If you would invest 0.00 in ALK-Abelló A/S on February 16, 2023 and sell it all today you would earn a total of 0.00 from holding ALK Abell AS or generate 0.0% return on investment in ALK-Abelló A/S over 720 days. ALK-Abelló A/S is related to or competes with Sino Biopharmaceutica, Defence Therapeutics, Enlivex Therapeutics, and Achilles Therapeutics. ALK-Abell AS operates as an allergy solutions company in Europe, North America, and internationally More
ALK-Abelló A/S 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 ALK-Abelló A/S'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 ALK Abell AS 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 ALK-Abelló A/S's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALK-Abelló A/S's standard deviation. In reality, there are many statistical measures that can use ALK-Abelló A/S historical prices to predict the future ALK-Abelló A/S's volatility.
ALK-Abelló A/S secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18 % return per unit of return volatility over the last 3 months. ALK Abell AS exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALK-Abelló A/S's Coefficient Of Variation of (571.95), risk adjusted performance of (0.14), and Mean Deviation of 0.5616 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0093, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ALK-Abelló A/S's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALK-Abelló A/S is expected to be smaller as well. At this point, ALK-Abelló A/S has a negative expected return of -0.27%. Please make sure to confirm ALK-Abelló A/S's information ratio, as well as the relationship between the value at risk and rate of daily change , to decide if ALK-Abelló A/S performance from the past will be repeated in the future.
Auto-correlation
-0.5
Modest reverse predictability
ALK Abell AS has modest reverse predictability. Overlapping area represents the amount of predictability between ALK-Abelló A/S time series from 16th of February 2023 to 11th of February 2024 and 11th of February 2024 to 5th of February 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 ALK-Abelló A/S price movement. The serial correlation of -0.5 indicates that about 50.0% of current ALK-Abelló A/S price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.5
Spearman Rank Test
-0.03
Residual Average
0.0
Price Variance
7.7
ALK-Abelló A/S lagged returns against current returns
Autocorrelation, which is ALK-Abelló A/S 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 ALK-Abelló A/S's pink sheet expected returns. We can calculate the autocorrelation of ALK-Abelló A/S returns to help us make a trade decision. For example, suppose you find that ALK-Abelló A/S 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
ALK-Abelló A/S 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 ALK-Abelló A/S pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALK-Abelló A/S pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALK-Abelló A/S pink sheet over time.
Current vs Lagged Prices
Timeline
ALK-Abelló A/S Lagged Returns
When evaluating ALK-Abelló A/S's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALK-Abelló A/S pink sheet have on its future price. ALK-Abelló A/S 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, ALK-Abelló A/S autocorrelation shows the relationship between ALK-Abelló A/S pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ALK Abell AS.
Other Information on Investing in ALK-Abelló Pink Sheet
ALK-Abelló A/S financial ratios help investors to determine whether ALK-Abelló 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 ALK-Abelló with respect to the benefits of owning ALK-Abelló A/S security.