Alumil Rom (Romania) Market Value
| ALU Stock | 2.43 0.24 8.99% |
| Symbol | Alumil |
Please note, there is a significant difference between Alumil Rom's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alumil Rom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alumil Rom's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Alumil Rom '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 Alumil Rom'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 Alumil Rom.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Alumil Rom on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Alumil Rom Industry or generate 0.0% return on investment in Alumil Rom over 540 days. More
Alumil Rom 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 Alumil Rom'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 Alumil Rom Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 5.03 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.83 |
Alumil Rom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alumil Rom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alumil Rom's standard deviation. In reality, there are many statistical measures that can use Alumil Rom historical prices to predict the future Alumil Rom's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.85) |
Alumil Rom Industry Backtested Returns
Alumil Rom Industry secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. Alumil Rom Industry exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alumil Rom's Mean Deviation of 1.01, risk adjusted performance of (0.12), and Standard Deviation of 1.56 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alumil Rom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alumil Rom is expected to be smaller as well. At this point, Alumil Rom Industry has a negative expected return of -0.24%. Please make sure to confirm Alumil Rom's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Alumil Rom Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Alumil Rom Industry has average predictability. Overlapping area represents the amount of predictability between Alumil Rom 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 Alumil Rom Industry price movement. The serial correlation of 0.47 indicates that about 47.0% of current Alumil Rom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Alumil Rom Industry lagged returns against current returns
Autocorrelation, which is Alumil Rom 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 Alumil Rom's stock expected returns. We can calculate the autocorrelation of Alumil Rom returns to help us make a trade decision. For example, suppose you find that Alumil Rom 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 |
Alumil Rom 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 Alumil Rom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alumil Rom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alumil Rom stock over time.
Current vs Lagged Prices |
| Timeline |
Alumil Rom Lagged Returns
When evaluating Alumil Rom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alumil Rom stock have on its future price. Alumil Rom 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, Alumil Rom autocorrelation shows the relationship between Alumil Rom stock current value and its past values and can show if there is a momentum factor associated with investing in Alumil Rom Industry.
Regressed Prices |
| Timeline |
Pair Trading with Alumil Rom
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alumil Rom position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alumil Rom will appreciate offsetting losses from the drop in the long position's value.Moving against Alumil Stock
The ability to find closely correlated positions to Alumil Rom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alumil Rom when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alumil Rom - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alumil Rom Industry to buy it.
The correlation of Alumil Rom is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alumil Rom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alumil Rom Industry moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alumil Rom can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Alumil Stock
Alumil Rom financial ratios help investors to determine whether Alumil 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 Alumil with respect to the benefits of owning Alumil Rom security.