ALUMINIUM EXTRUSION (Nigeria) Market Value
| ALEX Stock | 7.15 0.00 0.00% |
| Symbol | ALUMINIUM |
ALUMINIUM EXTRUSION '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 ALUMINIUM EXTRUSION'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 ALUMINIUM EXTRUSION.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in ALUMINIUM EXTRUSION on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding ALUMINIUM EXTRUSION IND or generate 0.0% return on investment in ALUMINIUM EXTRUSION over 30 days.
ALUMINIUM EXTRUSION 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 ALUMINIUM EXTRUSION'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 ALUMINIUM EXTRUSION IND upside and downside potential and time the market with a certain degree of confidence.
ALUMINIUM EXTRUSION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALUMINIUM EXTRUSION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALUMINIUM EXTRUSION's standard deviation. In reality, there are many statistical measures that can use ALUMINIUM EXTRUSION historical prices to predict the future ALUMINIUM EXTRUSION's volatility.ALUMINIUM EXTRUSION IND Backtested Returns
We have found three technical indicators for ALUMINIUM EXTRUSION IND, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and ALUMINIUM EXTRUSION are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
ALUMINIUM EXTRUSION IND has no correlation between past and present. Overlapping area represents the amount of predictability between ALUMINIUM EXTRUSION time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ALUMINIUM EXTRUSION IND price movement. The serial correlation of 0.0 indicates that just 0.0% of current ALUMINIUM EXTRUSION price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ALUMINIUM EXTRUSION IND lagged returns against current returns
Autocorrelation, which is ALUMINIUM EXTRUSION 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 ALUMINIUM EXTRUSION's stock expected returns. We can calculate the autocorrelation of ALUMINIUM EXTRUSION returns to help us make a trade decision. For example, suppose you find that ALUMINIUM EXTRUSION 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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ALUMINIUM EXTRUSION 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 ALUMINIUM EXTRUSION stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALUMINIUM EXTRUSION stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALUMINIUM EXTRUSION stock over time.
Current vs Lagged Prices |
| Timeline |
ALUMINIUM EXTRUSION Lagged Returns
When evaluating ALUMINIUM EXTRUSION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALUMINIUM EXTRUSION stock have on its future price. ALUMINIUM EXTRUSION 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, ALUMINIUM EXTRUSION autocorrelation shows the relationship between ALUMINIUM EXTRUSION stock current value and its past values and can show if there is a momentum factor associated with investing in ALUMINIUM EXTRUSION IND.
Regressed Prices |
| Timeline |