ALTER NRG (Germany) Market Value
| AND Stock | 27.00 0.20 0.74% |
| Symbol | ALTER |
Please note, there is a significant difference between ALTER NRG's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALTER NRG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALTER NRG'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.
ALTER NRG '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 ALTER NRG'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 ALTER NRG.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in ALTER NRG on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding ALTER NRG or generate 0.0% return on investment in ALTER NRG over 30 days. ALTER NRG is related to or competes with United Breweries, M/I Homes, National Beverage, DFS Furniture, Haier Smart, and INVITATION HOMES. More
ALTER NRG 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 ALTER NRG'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 ALTER NRG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 20.89 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 3.17 |
ALTER NRG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALTER NRG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALTER NRG's standard deviation. In reality, there are many statistical measures that can use ALTER NRG historical prices to predict the future ALTER NRG's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (2.23) |
ALTER NRG Backtested Returns
ALTER NRG secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. ALTER NRG exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALTER NRG's risk adjusted performance of (0.08), and Mean Deviation of 1.73 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ALTER NRG's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALTER NRG is expected to be smaller as well. At this point, ALTER NRG has a negative expected return of -0.49%. Please make sure to confirm ALTER NRG's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if ALTER NRG performance from the past will be repeated at future time.
Auto-correlation | 0.01 |
Virtually no predictability
ALTER NRG has virtually no predictability. Overlapping area represents the amount of predictability between ALTER NRG time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 ALTER NRG price movement. The serial correlation of 0.01 indicates that just 1.0% of current ALTER NRG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
ALTER NRG lagged returns against current returns
Autocorrelation, which is ALTER NRG 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 ALTER NRG's stock expected returns. We can calculate the autocorrelation of ALTER NRG returns to help us make a trade decision. For example, suppose you find that ALTER NRG 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 |
ALTER NRG 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 ALTER NRG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALTER NRG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALTER NRG stock over time.
Current vs Lagged Prices |
| Timeline |
ALTER NRG Lagged Returns
When evaluating ALTER NRG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALTER NRG stock have on its future price. ALTER NRG 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, ALTER NRG autocorrelation shows the relationship between ALTER NRG stock current value and its past values and can show if there is a momentum factor associated with investing in ALTER NRG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ALTER Stock
ALTER NRG financial ratios help investors to determine whether ALTER 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 ALTER with respect to the benefits of owning ALTER NRG security.