Alligo AB (Sweden) Market Value
| ALLIGO-B | 116.60 1.40 1.19% |
| Symbol | Alligo |
Alligo AB '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 Alligo AB'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 Alligo AB.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Alligo AB on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alligo AB Series or generate 0.0% return on investment in Alligo AB over 30 days. Alligo AB is related to or competes with Indutrade, Lifco AB, Lagercrantz Group, AddLife AB, and Beijer Ref. More
Alligo AB 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 Alligo AB'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 Alligo AB Series upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.79 |
Alligo AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alligo AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alligo AB's standard deviation. In reality, there are many statistical measures that can use Alligo AB historical prices to predict the future Alligo AB's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.22) |
Alligo AB Series Backtested Returns
Alligo AB Series secures Sharpe Ratio (or Efficiency) of -0.0884, which signifies that the company had a -0.0884% return per unit of risk over the last 3 months. Alligo AB Series exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alligo AB's Standard Deviation of 2.44, risk adjusted performance of (0.06), and Mean Deviation of 1.88 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Alligo AB returns are very sensitive to returns on the market. As the market goes up or down, Alligo AB is expected to follow. At this point, Alligo AB Series has a negative expected return of -0.22%. Please make sure to confirm Alligo AB's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Alligo AB Series performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Alligo AB Series has poor reverse predictability. Overlapping area represents the amount of predictability between Alligo AB time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Alligo AB Series price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Alligo AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 6.1 |
Alligo AB Series lagged returns against current returns
Autocorrelation, which is Alligo AB 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 Alligo AB's stock expected returns. We can calculate the autocorrelation of Alligo AB returns to help us make a trade decision. For example, suppose you find that Alligo AB 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 |
Alligo AB 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 Alligo AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alligo AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alligo AB stock over time.
Current vs Lagged Prices |
| Timeline |
Alligo AB Lagged Returns
When evaluating Alligo AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alligo AB stock have on its future price. Alligo AB 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, Alligo AB autocorrelation shows the relationship between Alligo AB stock current value and its past values and can show if there is a momentum factor associated with investing in Alligo AB Series.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Alligo Stock
Alligo AB financial ratios help investors to determine whether Alligo 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 Alligo with respect to the benefits of owning Alligo AB security.