Alk Abell As Stock Market Value
| AKBLF Stock | USD 22.05 0.00 0.00% |
| Symbol | ALK |
ALK Abell '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 Abell'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 Abell.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in ALK Abell on December 29, 2022 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 Abell over 720 days. ALK Abell is related to or competes with Defence Therapeutics, Aileron Therapeutics, and Enlivex Therapeutics. ALK-Abell AS operates as an allergy solutions company in Europe, North America, and internationally More
ALK Abell 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 Abell'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 | (0.13) | |||
| Maximum Drawdown | 15.05 | |||
| Value At Risk | (2.86) |
ALK Abell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALK Abell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALK Abell's standard deviation. In reality, there are many statistical measures that can use ALK Abell historical prices to predict the future ALK Abell's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.37) |
ALK Abell AS Backtested Returns
ALK Abell AS secures Sharpe Ratio (or Efficiency) of -0.0891, which signifies that the company had a -0.0891% 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 Abell's Risk Adjusted Performance of (0.06), coefficient of variation of (1,131), and Mean Deviation of 0.6379 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ALK Abell's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALK Abell is expected to be smaller as well. At this point, ALK Abell AS has a negative expected return of -0.15%. Please make sure to confirm ALK Abell's information ratio, as well as the relationship between the value at risk and rate of daily change , to decide if ALK Abell AS performance from the past will be repeated in the future.
Auto-correlation | -0.66 |
Very good reverse predictability
ALK Abell AS has very good reverse predictability. Overlapping area represents the amount of predictability between ALK Abell time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 ALK Abell AS price movement. The serial correlation of -0.66 indicates that around 66.0% of current ALK Abell price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 14.56 |
ALK Abell AS lagged returns against current returns
Autocorrelation, which is ALK Abell 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 Abell's pink sheet expected returns. We can calculate the autocorrelation of ALK Abell returns to help us make a trade decision. For example, suppose you find that ALK Abell 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 Abell 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 Abell pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALK Abell 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 Abell pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ALK Abell Lagged Returns
When evaluating ALK Abell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALK Abell pink sheet have on its future price. ALK Abell 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 Abell autocorrelation shows the relationship between ALK Abell 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 |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ALK Pink Sheet
ALK Abell financial ratios help investors to determine whether ALK 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 with respect to the benefits of owning ALK Abell security.