Allegheny Technologies (Germany) Market Value

ATD Stock  EUR 51.92  0.30  0.58%   
Allegheny Technologies' market value is the price at which a share of Allegheny Technologies trades on a public exchange. It measures the collective expectations of Allegheny Technologies Incorporated investors about its performance. Allegheny Technologies is trading at 51.92 as of the 24th of December 2024. This is a 0.58 percent increase since the beginning of the trading day. The stock's lowest day price was 51.92.
With this module, you can estimate the performance of a buy and hold strategy of Allegheny Technologies Incorporated and determine expected loss or profit from investing in Allegheny Technologies over a given investment horizon. Check out Allegheny Technologies Correlation, Allegheny Technologies Volatility and Allegheny Technologies Alpha and Beta module to complement your research on Allegheny Technologies.
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Please note, there is a significant difference between Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.

Allegheny Technologies '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 Allegheny Technologies' 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 Allegheny Technologies.
0.00
01/04/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/24/2024
0.00
If you would invest  0.00  in Allegheny Technologies on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Allegheny Technologies Incorporated or generate 0.0% return on investment in Allegheny Technologies over 720 days. Allegheny Technologies is related to or competes with China International, Thyssenkrupp, Thyssenkrupp, Thyssenkrupp, Mueller Industries, and Carpenter Technology. Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide More

Allegheny Technologies 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 Allegheny Technologies' 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 Allegheny Technologies Incorporated upside and downside potential and time the market with a certain degree of confidence.

Allegheny Technologies Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Allegheny Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allegheny Technologies' standard deviation. In reality, there are many statistical measures that can use Allegheny Technologies historical prices to predict the future Allegheny Technologies' volatility.
Hype
Prediction
LowEstimatedHigh
49.7151.9254.13
Details
Intrinsic
Valuation
LowRealHigh
50.9053.1155.32
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Allegheny Technologies Backtested Returns

Allegheny Technologies secures Sharpe Ratio (or Efficiency) of -0.0624, which signifies that the company had a -0.0624% return per unit of risk over the last 3 months. Allegheny Technologies Incorporated exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allegheny Technologies' Risk Adjusted Performance of (0.04), standard deviation of 2.2, and Mean Deviation of 1.43 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.25, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Allegheny Technologies will likely underperform. At this point, Allegheny Technologies has a negative expected return of -0.14%. Please make sure to confirm Allegheny Technologies' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Allegheny Technologies performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.49  

Average predictability

Allegheny Technologies Incorporated has average predictability. Overlapping area represents the amount of predictability between Allegheny Technologies time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 Allegheny Technologies price movement. The serial correlation of 0.49 indicates that about 49.0% of current Allegheny Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient0.49
Spearman Rank Test0.48
Residual Average0.0
Price Variance45.51

Allegheny Technologies lagged returns against current returns

Autocorrelation, which is Allegheny Technologies 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 Allegheny Technologies' stock expected returns. We can calculate the autocorrelation of Allegheny Technologies returns to help us make a trade decision. For example, suppose you find that Allegheny Technologies 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  

Allegheny Technologies 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 Allegheny Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allegheny Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allegheny Technologies stock over time.
   Current vs Lagged Prices   
       Timeline  

Allegheny Technologies Lagged Returns

When evaluating Allegheny Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allegheny Technologies stock have on its future price. Allegheny Technologies 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, Allegheny Technologies autocorrelation shows the relationship between Allegheny Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Allegheny Technologies Incorporated.
   Regressed Prices   
       Timeline  

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Additional Information and Resources on Investing in Allegheny Stock

When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' 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 Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:
Check out Allegheny Technologies Correlation, Allegheny Technologies Volatility and Allegheny Technologies Alpha and Beta module to complement your research on Allegheny Technologies.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Allegheny Technologies 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.
A focus of Allegheny Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Allegheny Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...