Alten SA (France) Market Value
| ATE Stock | EUR 79.80 1.25 1.59% |
| Symbol | Alten |
Alten SA '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 Alten SA'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 Alten SA.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Alten SA on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Alten SA or generate 0.0% return on investment in Alten SA over 30 days. Alten SA is related to or competes with Neurones, Manitou BF, Ossiam Minimum, Ekinops SA, Orapi SA, and Memscap Regpt. Alten S.A. operates as an engineering and technology consultancy company primarily in France, North America, Germany, Sc... More
Alten SA 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 Alten SA'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 Alten SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 2.45 |
Alten SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alten SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alten SA's standard deviation. In reality, there are many statistical measures that can use Alten SA historical prices to predict the future Alten SA's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.34) |
Alten SA Backtested Returns
Alten SA secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. Alten SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alten SA's Mean Deviation of 1.59, standard deviation of 2.11, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.01, which signifies a somewhat significant risk relative to the market. Alten SA returns are very sensitive to returns on the market. As the market goes up or down, Alten SA is expected to follow. At this point, Alten SA has a negative expected return of -0.32%. Please make sure to confirm Alten SA's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Alten SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Alten SA has very weak predictability. Overlapping area represents the amount of predictability between Alten SA 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 Alten SA price movement. The serial correlation of 0.16 indicates that over 16.0% of current Alten SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.38 |
Alten SA lagged returns against current returns
Autocorrelation, which is Alten SA 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 Alten SA's stock expected returns. We can calculate the autocorrelation of Alten SA returns to help us make a trade decision. For example, suppose you find that Alten SA 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 |
Alten SA 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 Alten SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alten SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alten SA stock over time.
Current vs Lagged Prices |
| Timeline |
Alten SA Lagged Returns
When evaluating Alten SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alten SA stock have on its future price. Alten SA 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, Alten SA autocorrelation shows the relationship between Alten SA stock current value and its past values and can show if there is a momentum factor associated with investing in Alten SA.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Alten Stock
Alten SA financial ratios help investors to determine whether Alten 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 Alten with respect to the benefits of owning Alten SA security.