Altheora (France) Market Value
| ALORA Stock | 0.36 0.01 2.86% |
| Symbol | Altheora |
Altheora '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 Altheora'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 Altheora.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Altheora on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Altheora SA or generate 0.0% return on investment in Altheora over 30 days.
Altheora 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 Altheora'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 Altheora SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 42.79 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 5.26 |
Altheora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altheora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altheora's standard deviation. In reality, there are many statistical measures that can use Altheora historical prices to predict the future Altheora's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | (0.22) |
Altheora SA Backtested Returns
Altheora SA secures Sharpe Ratio (or Efficiency) of -0.0566, which signifies that the company had a -0.0566% return per unit of risk over the last 3 months. Altheora SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altheora's Mean Deviation of 2.45, risk adjusted performance of (0.01), and Standard Deviation of 5.17 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.73, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altheora's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altheora is expected to be smaller as well. At this point, Altheora SA has a negative expected return of -0.29%. Please make sure to confirm Altheora's potential upside and the relationship between the daily balance of power and relative strength index , to decide if Altheora SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Altheora SA has good reverse predictability. Overlapping area represents the amount of predictability between Altheora time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Altheora SA price movement. The serial correlation of -0.54 indicates that about 54.0% of current Altheora price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Altheora SA lagged returns against current returns
Autocorrelation, which is Altheora 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 Altheora's stock expected returns. We can calculate the autocorrelation of Altheora returns to help us make a trade decision. For example, suppose you find that Altheora 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 |
Altheora 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 Altheora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altheora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altheora stock over time.
Current vs Lagged Prices |
| Timeline |
Altheora Lagged Returns
When evaluating Altheora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altheora stock have on its future price. Altheora 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, Altheora autocorrelation shows the relationship between Altheora stock current value and its past values and can show if there is a momentum factor associated with investing in Altheora SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for Altheora Stock Analysis
When running Altheora's price analysis, check to measure Altheora'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 Altheora is operating at the current time. Most of Altheora's value examination focuses on studying past and present price action to predict the probability of Altheora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altheora's price. Additionally, you may evaluate how the addition of Altheora to your portfolios can decrease your overall portfolio volatility.