Alandsbanken Abp (Finland) Market Value
| ALBBV Stock | EUR 33.10 0.60 1.78% |
| Symbol | Alandsbanken |
Alandsbanken Abp '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 Alandsbanken Abp'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 Alandsbanken Abp.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Alandsbanken Abp on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Alandsbanken Abp B or generate 0.0% return on investment in Alandsbanken Abp over 30 days. Alandsbanken Abp is related to or competes with Aktia Bank, Alandsbanken Abp, Oma Saastopankki, CapMan Oyj, and Tokmanni Group. landsbanken Abp operates as a commercial bank in Finland and Sweden More
Alandsbanken Abp 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 Alandsbanken Abp'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 Alandsbanken Abp B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.19 |
Alandsbanken Abp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alandsbanken Abp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alandsbanken Abp's standard deviation. In reality, there are many statistical measures that can use Alandsbanken Abp historical prices to predict the future Alandsbanken Abp's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (3.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alandsbanken Abp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Alandsbanken Abp B Backtested Returns
Alandsbanken Abp B secures Sharpe Ratio (or Efficiency) of -0.0955, which signifies that the company had a -0.0955% return per unit of standard deviation over the last 3 months. Alandsbanken Abp B exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alandsbanken Abp's mean deviation of 0.5404, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0205, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alandsbanken Abp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alandsbanken Abp is expected to be smaller as well. At this point, Alandsbanken Abp B has a negative expected return of -0.0741%. Please make sure to confirm Alandsbanken Abp's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Alandsbanken Abp B performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Alandsbanken Abp B has poor predictability. Overlapping area represents the amount of predictability between Alandsbanken Abp time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Alandsbanken Abp B price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Alandsbanken Abp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Alandsbanken Abp B lagged returns against current returns
Autocorrelation, which is Alandsbanken Abp 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 Alandsbanken Abp's stock expected returns. We can calculate the autocorrelation of Alandsbanken Abp returns to help us make a trade decision. For example, suppose you find that Alandsbanken Abp 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 |
Alandsbanken Abp 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 Alandsbanken Abp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alandsbanken Abp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alandsbanken Abp stock over time.
Current vs Lagged Prices |
| Timeline |
Alandsbanken Abp Lagged Returns
When evaluating Alandsbanken Abp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alandsbanken Abp stock have on its future price. Alandsbanken Abp 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, Alandsbanken Abp autocorrelation shows the relationship between Alandsbanken Abp stock current value and its past values and can show if there is a momentum factor associated with investing in Alandsbanken Abp B.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Alandsbanken Stock
Alandsbanken Abp financial ratios help investors to determine whether Alandsbanken 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 Alandsbanken with respect to the benefits of owning Alandsbanken Abp security.