ALM Equity (Sweden) Market Value
| ALM Stock | SEK 164.00 3.00 1.80% |
| Symbol | ALM |
ALM Equity '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 ALM Equity'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 ALM Equity.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in ALM Equity on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding ALM Equity AB or generate 0.0% return on investment in ALM Equity over 540 days. ALM Equity is related to or competes with ALM Equity, Bufab Holding, Atrium Ljungberg, Bravida Holding, and Dios Fastigheter. ALM Equity AB operates as a real estate development company in Sweden More
ALM Equity 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 ALM Equity'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 ALM Equity AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 7.29 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 2.06 |
ALM Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALM Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALM Equity's standard deviation. In reality, there are many statistical measures that can use ALM Equity historical prices to predict the future ALM Equity's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (1.38) |
ALM Equity AB Backtested Returns
ALM Equity AB secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of return volatility over the last 3 months. ALM Equity AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALM Equity's Risk Adjusted Performance of (0.15), coefficient of variation of (498.67), and Mean Deviation of 1.22 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ALM Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALM Equity is expected to be smaller as well. At this point, ALM Equity AB has a negative expected return of -0.29%. Please make sure to confirm ALM Equity's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if ALM Equity AB performance from the past will be repeated in the future.
Auto-correlation | 0.76 |
Good predictability
ALM Equity AB has good predictability. Overlapping area represents the amount of predictability between ALM Equity time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 ALM Equity AB price movement. The serial correlation of 0.76 indicates that around 76.0% of current ALM Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 606.5 |
ALM Equity AB lagged returns against current returns
Autocorrelation, which is ALM Equity 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 ALM Equity's stock expected returns. We can calculate the autocorrelation of ALM Equity returns to help us make a trade decision. For example, suppose you find that ALM Equity 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 |
ALM Equity 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 ALM Equity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALM Equity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALM Equity stock over time.
Current vs Lagged Prices |
| Timeline |
ALM Equity Lagged Returns
When evaluating ALM Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALM Equity stock have on its future price. ALM Equity 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, ALM Equity autocorrelation shows the relationship between ALM Equity stock current value and its past values and can show if there is a momentum factor associated with investing in ALM Equity AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ALM Stock Analysis
When running ALM Equity's price analysis, check to measure ALM Equity'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 ALM Equity is operating at the current time. Most of ALM Equity's value examination focuses on studying past and present price action to predict the probability of ALM Equity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALM Equity's price. Additionally, you may evaluate how the addition of ALM Equity to your portfolios can decrease your overall portfolio volatility.