Altia Consultores (Spain) Market Value
| ALC Stock | EUR 4.50 0.04 0.90% |
| Symbol | Altia |
Altia Consultores '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 Altia Consultores' 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 Altia Consultores.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Altia Consultores on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Altia Consultores SA or generate 0.0% return on investment in Altia Consultores over 90 days. Altia Consultores is related to or competes with Acerinox, Ferrovial, ACS Actividades, Acciona, and Mapfre. Altia Consultores, S.A. provides consulting and IT services in Spain More
Altia Consultores 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 Altia Consultores' 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 Altia Consultores SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 14.38 | |||
| Value At Risk | (4.33) | |||
| Potential Upside | 2.38 |
Altia Consultores Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altia Consultores' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altia Consultores' standard deviation. In reality, there are many statistical measures that can use Altia Consultores historical prices to predict the future Altia Consultores' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.44) |
Altia Consultores Backtested Returns
Altia Consultores secures Sharpe Ratio (or Efficiency) of -0.0202, which signifies that the company had a -0.0202% return per unit of risk over the last 3 months. Altia Consultores SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altia Consultores' Standard Deviation of 2.15, mean deviation of 1.28, and Risk Adjusted Performance of (0.01) 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, Altia Consultores' returns are expected to increase less than the market. However, during the bear market, the loss of holding Altia Consultores is expected to be smaller as well. At this point, Altia Consultores has a negative expected return of -0.0443%. Please make sure to confirm Altia Consultores' accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Altia Consultores performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Altia Consultores SA has weak reverse predictability. Overlapping area represents the amount of predictability between Altia Consultores time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Altia Consultores price movement. The serial correlation of -0.24 indicates that over 24.0% of current Altia Consultores price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Altia Consultores lagged returns against current returns
Autocorrelation, which is Altia Consultores 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 Altia Consultores' stock expected returns. We can calculate the autocorrelation of Altia Consultores returns to help us make a trade decision. For example, suppose you find that Altia Consultores 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 |
Altia Consultores 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 Altia Consultores stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altia Consultores stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altia Consultores stock over time.
Current vs Lagged Prices |
| Timeline |
Altia Consultores Lagged Returns
When evaluating Altia Consultores' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altia Consultores stock have on its future price. Altia Consultores 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, Altia Consultores autocorrelation shows the relationship between Altia Consultores stock current value and its past values and can show if there is a momentum factor associated with investing in Altia Consultores SA.
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 Altia Stock
Altia Consultores financial ratios help investors to determine whether Altia 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 Altia with respect to the benefits of owning Altia Consultores security.