ALLEGROEU (Germany) Market Value
AL0 Stock | EUR 6.76 0.11 1.60% |
Symbol | ALLEGROEU |
Please note, there is a significant difference between ALLEGROEU's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALLEGROEU is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALLEGROEU'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.
ALLEGROEU '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 ALLEGROEU'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 ALLEGROEU.
11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in ALLEGROEU on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding ALLEGROEU ZY 01 or generate 0.0% return on investment in ALLEGROEU over 30 days. ALLEGROEU is related to or competes with Entravision Communications, SBM OFFSHORE, Mobilezone Holding, T MOBILE, Highlight Communications, and SOLSTAD OFFSHORE. More
ALLEGROEU 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 ALLEGROEU'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 ALLEGROEU ZY 01 upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.23) | |||
Maximum Drawdown | 12.28 | |||
Value At Risk | (3.69) | |||
Potential Upside | 2.73 |
ALLEGROEU Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALLEGROEU's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALLEGROEU's standard deviation. In reality, there are many statistical measures that can use ALLEGROEU historical prices to predict the future ALLEGROEU's volatility.Risk Adjusted Performance | (0.12) | |||
Jensen Alpha | (0.35) | |||
Total Risk Alpha | (0.73) | |||
Treynor Ratio | 1.41 |
ALLEGROEU ZY 01 Backtested Returns
ALLEGROEU ZY 01 secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of return volatility over the last 3 months. ALLEGROEU ZY 01 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALLEGROEU's Risk Adjusted Performance of (0.12), mean deviation of 1.46, and Coefficient Of Variation of (580.51) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ALLEGROEU are expected to decrease at a much lower rate. During the bear market, ALLEGROEU is likely to outperform the market. At this point, ALLEGROEU ZY 01 has a negative expected return of -0.33%. Please make sure to confirm ALLEGROEU's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if ALLEGROEU ZY 01 performance from the past will be repeated in the future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
ALLEGROEU ZY 01 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ALLEGROEU time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 ALLEGROEU ZY 01 price movement. The serial correlation of -0.76 indicates that around 76.0% of current ALLEGROEU price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.76 | |
Spearman Rank Test | -0.47 | |
Residual Average | 0.0 | |
Price Variance | 0.04 |
ALLEGROEU ZY 01 lagged returns against current returns
Autocorrelation, which is ALLEGROEU 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 ALLEGROEU's stock expected returns. We can calculate the autocorrelation of ALLEGROEU returns to help us make a trade decision. For example, suppose you find that ALLEGROEU 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 |
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ALLEGROEU 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 ALLEGROEU stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALLEGROEU stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALLEGROEU stock over time.
Current vs Lagged Prices |
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ALLEGROEU Lagged Returns
When evaluating ALLEGROEU's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALLEGROEU stock have on its future price. ALLEGROEU 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, ALLEGROEU autocorrelation shows the relationship between ALLEGROEU stock current value and its past values and can show if there is a momentum factor associated with investing in ALLEGROEU ZY 01.
Regressed Prices |
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ALLEGROEU financial ratios help investors to determine whether ALLEGROEU 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 ALLEGROEU with respect to the benefits of owning ALLEGROEU security.