Alpha Astika (Greece) Market Value
| ASTAK Stock | EUR 6.92 0.06 0.86% |
| Symbol | Alpha |
Alpha Astika '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 Astika'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 Astika.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Alpha Astika on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Alpha Astika Akinita or generate 0.0% return on investment in Alpha Astika over 30 days. Alpha Astika is related to or competes with Thessaloniki Water, Jumbo SA, LAMDA Development, Piraeus Port, and Thrace Plastics. Alpha Astika Akinita S.A. provides various real estate services More
Alpha Astika 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 Astika'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 Astika Akinita upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.52 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.59 |
Alpha Astika Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Astika's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Astika's standard deviation. In reality, there are many statistical measures that can use Alpha Astika historical prices to predict the future Alpha Astika's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.63) |
Alpha Astika Akinita Backtested Returns
Alpha Astika Akinita secures Sharpe Ratio (or Efficiency) of -0.0052, which signifies that the company had a -0.0052% return per unit of risk over the last 3 months. Alpha Astika Akinita exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alpha Astika's Standard Deviation of 1.49, mean deviation of 1.03, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alpha Astika's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alpha Astika is expected to be smaller as well. At this point, Alpha Astika Akinita has a negative expected return of -0.0076%. Please make sure to confirm Alpha Astika's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Alpha Astika Akinita performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Alpha Astika Akinita has insignificant predictability. Overlapping area represents the amount of predictability between Alpha Astika time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Alpha Astika Akinita price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Alpha Astika price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Alpha Astika Akinita lagged returns against current returns
Autocorrelation, which is Alpha Astika 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 Astika's stock expected returns. We can calculate the autocorrelation of Alpha Astika returns to help us make a trade decision. For example, suppose you find that Alpha Astika 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 Astika 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 Astika stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Astika stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Astika stock over time.
Current vs Lagged Prices |
| Timeline |
Alpha Astika Lagged Returns
When evaluating Alpha Astika's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Astika stock have on its future price. Alpha Astika 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 Astika autocorrelation shows the relationship between Alpha Astika stock current value and its past values and can show if there is a momentum factor associated with investing in Alpha Astika Akinita.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Alpha Stock
Alpha Astika 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 Astika security.