Aluar Aluminio (Argentina) Market Value
| ALUA Stock | ARS 940.00 45.00 4.57% |
| Symbol | Aluar |
Aluar Aluminio '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 Aluar Aluminio'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 Aluar Aluminio.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Aluar Aluminio on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Aluar Aluminio Argentino or generate 0.0% return on investment in Aluar Aluminio over 720 days. Aluar Aluminio is related to or competes with Telecom Argentina, Compania, Agrometal SAI, Harmony Gold, and Transportadora. Aluar Aluminio Argentino S.A.I.C. produces and sells aluminum products worldwide More
Aluar Aluminio 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 Aluar Aluminio'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 Aluar Aluminio Argentino upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0076 | |||
| Maximum Drawdown | 10.23 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 4.67 |
Aluar Aluminio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aluar Aluminio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aluar Aluminio's standard deviation. In reality, there are many statistical measures that can use Aluar Aluminio historical prices to predict the future Aluar Aluminio's volatility.| Risk Adjusted Performance | 0.0598 | |||
| Jensen Alpha | 0.1216 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0095 | |||
| Treynor Ratio | 1.11 |
Aluar Aluminio Argentino Backtested Returns
At this point, Aluar Aluminio is very steady. Aluar Aluminio Argentino secures Sharpe Ratio (or Efficiency) of 0.0361, which signifies that the company had a 0.0361% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aluar Aluminio Argentino, which you can use to evaluate the volatility of the firm. Please confirm Aluar Aluminio's Risk Adjusted Performance of 0.0598, mean deviation of 1.53, and Downside Deviation of 1.67 to double-check if the risk estimate we provide is consistent with the expected return of 0.0796%. Aluar Aluminio has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aluar Aluminio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aluar Aluminio is expected to be smaller as well. Aluar Aluminio Argentino right now shows a risk of 2.21%. Please confirm Aluar Aluminio Argentino total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Aluar Aluminio Argentino will be following its price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Aluar Aluminio Argentino has poor reverse predictability. Overlapping area represents the amount of predictability between Aluar Aluminio time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Aluar Aluminio Argentino price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Aluar Aluminio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 7026.3 |
Aluar Aluminio Argentino lagged returns against current returns
Autocorrelation, which is Aluar Aluminio 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 Aluar Aluminio's stock expected returns. We can calculate the autocorrelation of Aluar Aluminio returns to help us make a trade decision. For example, suppose you find that Aluar Aluminio 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 |
Aluar Aluminio 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 Aluar Aluminio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aluar Aluminio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aluar Aluminio stock over time.
Current vs Lagged Prices |
| Timeline |
Aluar Aluminio Lagged Returns
When evaluating Aluar Aluminio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aluar Aluminio stock have on its future price. Aluar Aluminio 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, Aluar Aluminio autocorrelation shows the relationship between Aluar Aluminio stock current value and its past values and can show if there is a momentum factor associated with investing in Aluar Aluminio Argentino.
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 Aluar Stock
Aluar Aluminio financial ratios help investors to determine whether Aluar 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 Aluar with respect to the benefits of owning Aluar Aluminio security.