Alaska Hydro Stock Market Value
| AKH-H Stock | CAD 0.01 0.01 50.00% |
| Symbol | Alaska |
Alaska Hydro '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 Alaska Hydro'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 Alaska Hydro.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alaska Hydro on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Alaska Hydro or generate 0.0% return on investment in Alaska Hydro over 30 days. Alaska Hydro is related to or competes with Maxim Power, Senvest Capital, Taiga Building, Solitario Exploration, and Vecima Networks. Alaska Hydro Corporation engages in the development of renewable energy projects More
Alaska Hydro 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 Alaska Hydro'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 Alaska Hydro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.0 | |||
| Information Ratio | 0.083 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Alaska Hydro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alaska Hydro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alaska Hydro's standard deviation. In reality, there are many statistical measures that can use Alaska Hydro historical prices to predict the future Alaska Hydro's volatility.| Risk Adjusted Performance | 0.0784 | |||
| Jensen Alpha | 1.88 | |||
| Total Risk Alpha | (1.52) | |||
| Sortino Ratio | 0.0453 | |||
| Treynor Ratio | (1.76) |
Alaska Hydro Backtested Returns
Alaska Hydro is out of control given 3 months investment horizon. Alaska Hydro secures Sharpe Ratio (or Efficiency) of 0.0921, which signifies that the company had a 0.0921% return per unit of standard deviation over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.85% are justified by taking the suggested risk. Use Alaska Hydro mean deviation of 10.23, and Risk Adjusted Performance of 0.0784 to evaluate company specific risk that cannot be diversified away. Alaska Hydro holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.0, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Alaska Hydro are expected to decrease slowly. On the other hand, during market turmoil, Alaska Hydro is expected to outperform it slightly. Use Alaska Hydro information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to analyze future returns on Alaska Hydro.
Auto-correlation | 0.00 |
No correlation between past and present
Alaska Hydro has no correlation between past and present. Overlapping area represents the amount of predictability between Alaska Hydro 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 Alaska Hydro price movement. The serial correlation of 0.0 indicates that just 0.0% of current Alaska Hydro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alaska Hydro lagged returns against current returns
Autocorrelation, which is Alaska Hydro 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 Alaska Hydro's stock expected returns. We can calculate the autocorrelation of Alaska Hydro returns to help us make a trade decision. For example, suppose you find that Alaska Hydro 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 |
Alaska Hydro 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 Alaska Hydro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alaska Hydro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alaska Hydro stock over time.
Current vs Lagged Prices |
| Timeline |
Alaska Hydro Lagged Returns
When evaluating Alaska Hydro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alaska Hydro stock have on its future price. Alaska Hydro 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, Alaska Hydro autocorrelation shows the relationship between Alaska Hydro stock current value and its past values and can show if there is a momentum factor associated with investing in Alaska Hydro.
Regressed Prices |
| Timeline |
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Additional Tools for Alaska Stock Analysis
When running Alaska Hydro's price analysis, check to measure Alaska Hydro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alaska Hydro is operating at the current time. Most of Alaska Hydro's value examination focuses on studying past and present price action to predict the probability of Alaska Hydro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alaska Hydro's price. Additionally, you may evaluate how the addition of Alaska Hydro to your portfolios can decrease your overall portfolio volatility.