Alterna Asesora (Mexico) Market Value
| ALTERNAB | 1.50 0.00 0.00% |
| Symbol | Alterna |
Alterna Asesora '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 Alterna Asesora'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 Alterna Asesora.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Alterna Asesora on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Alterna Asesora Internacional, or generate 0.0% return on investment in Alterna Asesora over 720 days. Alterna Asesora is related to or competes with Applied Materials, Martin Marietta, Southwest Airlines, DXC Technology, Prudential Financial, FIBRA Storage, and Burlington Stores. More
Alterna Asesora 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 Alterna Asesora'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 Alterna Asesora Internacional, upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 8.24 |
Alterna Asesora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alterna Asesora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alterna Asesora's standard deviation. In reality, there are many statistical measures that can use Alterna Asesora historical prices to predict the future Alterna Asesora's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 1.54 |
Alterna Asesora Inte Backtested Returns
Alterna Asesora Inte secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Alterna Asesora Internacional, exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alterna Asesora's Risk Adjusted Performance of (0.04), standard deviation of 0.9045, and Mean Deviation of 0.2496 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.036, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alterna Asesora are expected to decrease at a much lower rate. During the bear market, Alterna Asesora is likely to outperform the market. At this point, Alterna Asesora Inte has a negative expected return of -0.0916%. Please make sure to confirm Alterna Asesora's treynor ratio and day median price , to decide if Alterna Asesora Inte performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Alterna Asesora Internacional, has weak predictability. Overlapping area represents the amount of predictability between Alterna Asesora time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Alterna Asesora Inte price movement. The serial correlation of 0.23 indicates that over 23.0% of current Alterna Asesora price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alterna Asesora Inte lagged returns against current returns
Autocorrelation, which is Alterna Asesora 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 Alterna Asesora's stock expected returns. We can calculate the autocorrelation of Alterna Asesora returns to help us make a trade decision. For example, suppose you find that Alterna Asesora 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 |
Alterna Asesora 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 Alterna Asesora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alterna Asesora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alterna Asesora stock over time.
Current vs Lagged Prices |
| Timeline |
Alterna Asesora Lagged Returns
When evaluating Alterna Asesora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alterna Asesora stock have on its future price. Alterna Asesora 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, Alterna Asesora autocorrelation shows the relationship between Alterna Asesora stock current value and its past values and can show if there is a momentum factor associated with investing in Alterna Asesora Internacional,.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Alterna Stock
Alterna Asesora financial ratios help investors to determine whether Alterna 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 Alterna with respect to the benefits of owning Alterna Asesora security.