Alk Abell As Stock Market Value
| AKBLF Stock | USD 20.30 0.00 0.00% |
| Symbol | ALK-Abelló |
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.
| 11/27/2024 |
| 01/26/2025 |
If you would invest 0.00 in ALK-Abelló A/S on November 27, 2024 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 60 days. ALK-Abelló A/S is related to or competes with HNI Corp, East Africa, FlyExclusive,, EastGroup Properties, Portillos, Braemar Hotels, and Hurco Companies. 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.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 11.26 | |||
| Value At Risk | (2.86) |
ALK-Abelló A/S Market Risk Indicators
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.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (2.24) |
ALK-Abelló A/S Backtested Returns
ALK-Abelló A/S secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21 % return per unit of return volatility over the last 3 months. ALK Abell AS exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALK-Abelló A/S's Risk Adjusted Performance of (0.18), mean deviation of 0.6999, and Coefficient Of Variation of (469.76) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, 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 -0.32%. Please make sure to confirm ALK-Abelló A/S's value at risk, and the relationship between the information ratio and rate of daily change , to decide if ALK-Abelló A/S performance from the past will be repeated in the future.
Auto-correlation | -0.31 |
Poor reverse predictability
ALK Abell AS has poor reverse predictability. Overlapping area represents the amount of predictability between ALK-Abelló A/S time series from 27th of November 2024 to 27th of December 2024 and 27th of December 2024 to 26th 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 ALK-Abelló A/S price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current ALK-Abelló A/S price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
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 |
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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 |
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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.
Regressed Prices |
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Currently Active Assets on Macroaxis
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.