Alternus Energy (Norway) Market Value
| ALT Stock | 0.38 0.02 5.00% |
| Symbol | Alternus |
Alternus Energy '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 Alternus Energy'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 Alternus Energy.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alternus Energy on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Alternus Energy Group or generate 0.0% return on investment in Alternus Energy over 30 days. Alternus Energy is related to or competes with Elkem ASA, Integrated Wind, Vow ASA, North Energy, Arcticzymes Technologies, and XXL ASA. More
Alternus Energy 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 Alternus Energy'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 Alternus Energy Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 97.06 | |||
| Value At Risk | (23.68) | |||
| Potential Upside | 16.67 |
Alternus Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alternus Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alternus Energy's standard deviation. In reality, there are many statistical measures that can use Alternus Energy historical prices to predict the future Alternus Energy's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.93) | |||
| Total Risk Alpha | (3.71) | |||
| Treynor Ratio | 0.3929 |
Alternus Energy Group Backtested Returns
Alternus Energy Group secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Alternus Energy Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alternus Energy's Risk Adjusted Performance of (0.06), standard deviation of 14.01, and Mean Deviation of 9.6 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -3.5, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Alternus Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, Alternus Energy is expected to outperform it. At this point, Alternus Energy Group has a negative expected return of -1.52%. Please make sure to confirm Alternus Energy's potential upside and the relationship between the accumulation distribution and price action indicator , to decide if Alternus Energy Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Alternus Energy Group has poor reverse predictability. Overlapping area represents the amount of predictability between Alternus Energy time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Alternus Energy Group price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Alternus Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alternus Energy Group lagged returns against current returns
Autocorrelation, which is Alternus Energy 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 Alternus Energy's stock expected returns. We can calculate the autocorrelation of Alternus Energy returns to help us make a trade decision. For example, suppose you find that Alternus Energy 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 |
Alternus Energy 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 Alternus Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alternus Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alternus Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Alternus Energy Lagged Returns
When evaluating Alternus Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alternus Energy stock have on its future price. Alternus Energy 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, Alternus Energy autocorrelation shows the relationship between Alternus Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Alternus Energy Group.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Alternus Stock
When determining whether Alternus Energy Group is a strong investment it is important to analyze Alternus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alternus Energy's future performance. For an informed investment choice regarding Alternus Stock, refer to the following important reports:Check out Alternus Energy Correlation, Alternus Energy Volatility and Alternus Energy Alpha and Beta module to complement your research on Alternus Energy. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Alternus Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.