Alpha Trust (Greece) Market Value
| ANDRO Stock | EUR 6.38 0.04 0.62% |
| Symbol | Alpha |
Alpha Trust '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 Alpha Trust'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 Alpha Trust.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Alpha Trust on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Alpha Trust Andromeda or generate 0.0% return on investment in Alpha Trust over 30 days. Alpha Trust is related to or competes with Jumbo SA, Gr Sarantis, Hellenic Exchanges, Aegean Airlines, and Motor Oil. Alpha Trust Andromeda Investment Trust S.A More
Alpha Trust 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 Alpha Trust'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 Alpha Trust Andromeda upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7974 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.78 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.89 |
Alpha Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Trust's standard deviation. In reality, there are many statistical measures that can use Alpha Trust historical prices to predict the future Alpha Trust's volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0709 |
Alpha Trust Andromeda Backtested Returns
At this point, Alpha Trust is not too volatile. Alpha Trust Andromeda secures Sharpe Ratio (or Efficiency) of 0.0042, which signifies that the company had a 0.0042% return per unit of risk over the last 3 months. We have found thirty technical indicators for Alpha Trust Andromeda, which you can use to evaluate the volatility of the firm. Please confirm Alpha Trust's Risk Adjusted Performance of 0.0171, mean deviation of 0.6728, and Downside Deviation of 0.7974 to double-check if the risk estimate we provide is consistent with the expected return of 0.0036%. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alpha Trust's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alpha Trust is expected to be smaller as well. Alpha Trust Andromeda right now shows a risk of 0.86%. Please confirm Alpha Trust Andromeda semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Alpha Trust Andromeda will be following its price patterns.
Auto-correlation | -0.65 |
Very good reverse predictability
Alpha Trust Andromeda has very good reverse predictability. Overlapping area represents the amount of predictability between Alpha Trust time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Alpha Trust Andromeda price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Alpha Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alpha Trust Andromeda lagged returns against current returns
Autocorrelation, which is Alpha Trust 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 Alpha Trust's stock expected returns. We can calculate the autocorrelation of Alpha Trust returns to help us make a trade decision. For example, suppose you find that Alpha Trust 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 |
Alpha Trust 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 Alpha Trust stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Trust stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Trust stock over time.
Current vs Lagged Prices |
| Timeline |
Alpha Trust Lagged Returns
When evaluating Alpha Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Trust stock have on its future price. Alpha Trust 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, Alpha Trust autocorrelation shows the relationship between Alpha Trust stock current value and its past values and can show if there is a momentum factor associated with investing in Alpha Trust Andromeda.
Regressed Prices |
| Timeline |
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Other Information on Investing in Alpha Stock
Alpha Trust financial ratios help investors to determine whether Alpha 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 Alpha with respect to the benefits of owning Alpha Trust security.