Alimak Hek (Sweden) Market Value
| ALIG Stock | SEK 119.80 1.80 1.53% |
| Symbol | Alimak |
Alimak Hek '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 Alimak Hek'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 Alimak Hek.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Alimak Hek on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Alimak Hek Group or generate 0.0% return on investment in Alimak Hek over 720 days. Alimak Hek is related to or competes with Addtech AB, Teqnion AB, Vitec Software, and Lagercrantz Group. Alimak Group AB designs, develops, manufactures, distributes, and services elevators, hoists, and work platforms More
Alimak Hek 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 Alimak Hek'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 Alimak Hek Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.0306 | |||
| Maximum Drawdown | 8.45 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.71 |
Alimak Hek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alimak Hek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alimak Hek's standard deviation. In reality, there are many statistical measures that can use Alimak Hek historical prices to predict the future Alimak Hek's volatility.| Risk Adjusted Performance | 0.0814 | |||
| Jensen Alpha | 0.0995 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0326 | |||
| Treynor Ratio | 0.3048 |
Alimak Hek Group Backtested Returns
Currently, Alimak Hek Group is very steady. Alimak Hek Group secures Sharpe Ratio (or Efficiency) of 0.0729, which signifies that the company had a 0.0729% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Alimak Hek Group, which you can use to evaluate the volatility of the firm. Please confirm Alimak Hek's Risk Adjusted Performance of 0.0814, mean deviation of 1.25, and Downside Deviation of 1.48 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Alimak Hek has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alimak Hek's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alimak Hek is expected to be smaller as well. Alimak Hek Group right now shows a risk of 1.57%. Please confirm Alimak Hek Group information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Alimak Hek Group will be following its price patterns.
Auto-correlation | 0.69 |
Good predictability
Alimak Hek Group has good predictability. Overlapping area represents the amount of predictability between Alimak Hek time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Alimak Hek Group price movement. The serial correlation of 0.69 indicates that around 69.0% of current Alimak Hek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 192.0 |
Alimak Hek Group lagged returns against current returns
Autocorrelation, which is Alimak Hek 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 Alimak Hek's stock expected returns. We can calculate the autocorrelation of Alimak Hek returns to help us make a trade decision. For example, suppose you find that Alimak Hek 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 |
Alimak Hek 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 Alimak Hek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alimak Hek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alimak Hek stock over time.
Current vs Lagged Prices |
| Timeline |
Alimak Hek Lagged Returns
When evaluating Alimak Hek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alimak Hek stock have on its future price. Alimak Hek 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, Alimak Hek autocorrelation shows the relationship between Alimak Hek stock current value and its past values and can show if there is a momentum factor associated with investing in Alimak Hek Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alimak Stock Analysis
When running Alimak Hek's price analysis, check to measure Alimak Hek'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 Alimak Hek is operating at the current time. Most of Alimak Hek's value examination focuses on studying past and present price action to predict the probability of Alimak Hek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alimak Hek's price. Additionally, you may evaluate how the addition of Alimak Hek to your portfolios can decrease your overall portfolio volatility.