Alliance Global's market value is the price at which a share of Alliance Global trades on a public exchange. It measures the collective expectations of Alliance Global Group investors about its performance. Alliance Global is trading at 7.31 as of the 19th of January 2025; that is 0.27 percent decrease since the beginning of the trading day. The stock's open price was 7.33. With this module, you can estimate the performance of a buy and hold strategy of Alliance Global Group and determine expected loss or profit from investing in Alliance Global over a given investment horizon. Check out Alliance Global Correlation, Alliance Global Volatility and Alliance Global Alpha and Beta module to complement your research on Alliance Global.
Please note, there is a significant difference between Alliance Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alliance Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alliance Global'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.
Alliance Global '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 Alliance Global's pink sheet 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 Alliance Global.
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12/20/2024
No Change 0.00
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In 30 days
01/19/2025
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If you would invest 0.00 in Alliance Global on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Alliance Global Group or generate 0.0% return on investment in Alliance Global over 30 days. Alliance Global is related to or competes with Ayala, Alaska Power, Cibl, San Miguel, and Teijin. Alliance Global Group, Inc., together with its subsidiaries, engages in real estate development, tourism-entertainment a... More
Alliance Global 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 Alliance Global's pink sheet 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 Alliance Global Group upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alliance Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alliance Global's standard deviation. In reality, there are many statistical measures that can use Alliance Global historical prices to predict the future Alliance Global's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alliance Global. Your research has to be compared to or analyzed against Alliance Global's peers to derive any actionable benefits. When done correctly, Alliance Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Alliance Global Group.
Alliance Global Group Backtested Returns
Alliance Global Group secures Sharpe Ratio (or Efficiency) of -0.0709, which signifies that the company had a -0.0709% return per unit of risk over the last 3 months. Alliance Global Group exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alliance Global's Mean Deviation of 0.9288, risk adjusted performance of (0.06), and Standard Deviation of 2.13 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alliance Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alliance Global is expected to be smaller as well. At this point, Alliance Global Group has a negative expected return of -0.16%. Please make sure to confirm Alliance Global's standard deviation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to decide if Alliance Global Group performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.26
Weak reverse predictability
Alliance Global Group has weak reverse predictability. Overlapping area represents the amount of predictability between Alliance Global time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 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 Alliance Global Group price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Alliance Global price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.26
Spearman Rank Test
-0.58
Residual Average
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Price Variance
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Alliance Global Group lagged returns against current returns
Autocorrelation, which is Alliance Global pink sheet'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 Alliance Global's pink sheet expected returns. We can calculate the autocorrelation of Alliance Global returns to help us make a trade decision. For example, suppose you find that Alliance Global has exhibited high autocorrelation historically, and you observe that the pink sheet 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
Alliance Global 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 Alliance Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alliance Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alliance Global pink sheet over time.
Current vs Lagged Prices
Timeline
Alliance Global Lagged Returns
When evaluating Alliance Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alliance Global pink sheet have on its future price. Alliance Global 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, Alliance Global autocorrelation shows the relationship between Alliance Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Alliance Global Group.
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.
When running Alliance Global's price analysis, check to measure Alliance Global'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 Alliance Global is operating at the current time. Most of Alliance Global's value examination focuses on studying past and present price action to predict the probability of Alliance Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alliance Global's price. Additionally, you may evaluate how the addition of Alliance Global to your portfolios can decrease your overall portfolio volatility.