Alvotech (Iceland) Market Value
| ALVO Stock | 1,660 20.00 1.19% |
| Symbol | Alvotech |
Alvotech '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 Alvotech'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 Alvotech.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Alvotech on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Alvotech or generate 0.0% return on investment in Alvotech over 300 days. Alvotech is related to or competes with Iceland Seafood, Kvika Banki, and Icelandair Group. More
Alvotech 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 Alvotech'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 Alvotech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.79 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 3.51 |
Alvotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alvotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alvotech's standard deviation. In reality, there are many statistical measures that can use Alvotech historical prices to predict the future Alvotech's volatility.| Risk Adjusted Performance | 0.0267 | |||
| Jensen Alpha | 0.062 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.17) |
Alvotech Backtested Returns
At this point, Alvotech is very steady. Alvotech secures Sharpe Ratio (or Efficiency) of 0.0279, which signifies that the company had a 0.0279% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alvotech, which you can use to evaluate the volatility of the firm. Please confirm Alvotech's Downside Deviation of 1.61, risk adjusted performance of 0.0267, and Mean Deviation of 1.24 to double-check if the risk estimate we provide is consistent with the expected return of 0.0463%. Alvotech has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alvotech are expected to decrease at a much lower rate. During the bear market, Alvotech is likely to outperform the market. Alvotech right now shows a risk of 1.66%. Please confirm Alvotech total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Alvotech will be following its price patterns.
Auto-correlation | 0.01 |
Virtually no predictability
Alvotech has virtually no predictability. Overlapping area represents the amount of predictability between Alvotech time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Alvotech price movement. The serial correlation of 0.01 indicates that just 1.0% of current Alvotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 8148.8 |
Alvotech lagged returns against current returns
Autocorrelation, which is Alvotech 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 Alvotech's stock expected returns. We can calculate the autocorrelation of Alvotech returns to help us make a trade decision. For example, suppose you find that Alvotech 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 |
Alvotech 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 Alvotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alvotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alvotech stock over time.
Current vs Lagged Prices |
| Timeline |
Alvotech Lagged Returns
When evaluating Alvotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alvotech stock have on its future price. Alvotech 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, Alvotech autocorrelation shows the relationship between Alvotech stock current value and its past values and can show if there is a momentum factor associated with investing in Alvotech.
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.Additional Information and Resources on Investing in Alvotech Stock
When determining whether Alvotech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alvotech's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alvotech Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alvotech Stock:Check out Alvotech Correlation, Alvotech Volatility and Alvotech Alpha and Beta module to complement your research on Alvotech. For information on how to trade Alvotech Stock refer to our How to Trade Alvotech Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Alvotech 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.