Alr Technologies Stock Market Value
| ALRTF Stock | 0.01 0 11.76% |
| Symbol | ALR |
ALR Technologies '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 ALR Technologies' 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 ALR Technologies.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in ALR Technologies on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding ALR Technologies or generate 0.0% return on investment in ALR Technologies over 240 days. ALR Technologies is related to or competes with Artivion, Anika Therapeutics, Sight Sciences, Orthofix Medical, Avanos Medical, Glaukos Corp, and Orthopediatrics Corp. More
ALR Technologies 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 ALR Technologies' 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 ALR Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.79 | |||
| Information Ratio | 0.0172 | |||
| Maximum Drawdown | 74.76 | |||
| Value At Risk | (21.88) | |||
| Potential Upside | 28.57 |
ALR Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALR Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALR Technologies' standard deviation. In reality, there are many statistical measures that can use ALR Technologies historical prices to predict the future ALR Technologies' volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | 0.7133 | |||
| Total Risk Alpha | (2.09) | |||
| Sortino Ratio | 0.0152 | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ALR Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ALR Technologies Backtested Returns
ALR Technologies appears to be out of control, given 3 months investment horizon. ALR Technologies secures Sharpe Ratio (or Efficiency) of 0.0233, which signifies that the company had a 0.0233% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ALR Technologies, which you can use to evaluate the volatility of the firm. Please makes use of ALR Technologies' mean deviation of 8.8, and Risk Adjusted Performance of 0.0298 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ALR Technologies holds a performance score of 1. The firm shows a Beta (market volatility) of -2.6, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ALR Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, ALR Technologies is expected to outperform it. Please check ALR Technologies' maximum drawdown, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether ALR Technologies' price patterns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
ALR Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between ALR Technologies time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 ALR Technologies price movement. The serial correlation of -0.03 indicates that only 3.0% of current ALR Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ALR Technologies lagged returns against current returns
Autocorrelation, which is ALR Technologies 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 ALR Technologies' otc stock expected returns. We can calculate the autocorrelation of ALR Technologies returns to help us make a trade decision. For example, suppose you find that ALR Technologies 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 |
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ALR Technologies 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 ALR Technologies otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALR Technologies otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALR Technologies otc stock over time.
Current vs Lagged Prices |
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ALR Technologies Lagged Returns
When evaluating ALR Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALR Technologies otc stock have on its future price. ALR Technologies 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, ALR Technologies autocorrelation shows the relationship between ALR Technologies otc stock current value and its past values and can show if there is a momentum factor associated with investing in ALR Technologies.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in ALR OTC Stock
ALR Technologies financial ratios help investors to determine whether ALR 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 ALR with respect to the benefits of owning ALR Technologies security.