Allied Corp Stock Market Value
| ALID Stock | USD 0.04 0 9.59% |
| Symbol | Allied |
Allied Corp '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 Allied Corp's otc 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 Allied Corp.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Allied Corp on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Allied Corp or generate 0.0% return on investment in Allied Corp over 360 days. Allied Corp is related to or competes with Crescita Therapeutics. Allied Corp., a medical cannabis production company, engages in the research, development, and production of cannabinoid... More
Allied Corp 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 Allied Corp's otc 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 Allied Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 54.41 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 11.43 |
Allied Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allied Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allied Corp's standard deviation. In reality, there are many statistical measures that can use Allied Corp historical prices to predict the future Allied Corp's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | (0.19) |
Allied Corp Backtested Returns
Allied Corp secures Sharpe Ratio (or Efficiency) of -0.0118, which signifies that the company had a -0.0118 % return per unit of risk over the last 3 months. Allied Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allied Corp's insignificant Risk Adjusted Performance, standard deviation of 9.18, and Mean Deviation of 4.75 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allied Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allied Corp is expected to be smaller as well. At this point, Allied Corp has a negative expected return of -0.11%. Please make sure to confirm Allied Corp's jensen alpha and the relationship between the potential upside and day typical price , to decide if Allied Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Allied Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Allied Corp time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st 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 Allied Corp price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Allied Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Allied Corp lagged returns against current returns
Autocorrelation, which is Allied Corp otc 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 Allied Corp's otc stock expected returns. We can calculate the autocorrelation of Allied Corp returns to help us make a trade decision. For example, suppose you find that Allied Corp has exhibited high autocorrelation historically, and you observe that the otc 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 |
Allied Corp 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 Allied Corp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allied Corp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allied Corp otc stock over time.
Current vs Lagged Prices |
| Timeline |
Allied Corp Lagged Returns
When evaluating Allied Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allied Corp otc stock have on its future price. Allied Corp 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, Allied Corp autocorrelation shows the relationship between Allied Corp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Allied Corp.
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 Allied OTC Stock
Allied Corp financial ratios help investors to determine whether Allied OTC 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 Allied with respect to the benefits of owning Allied Corp security.