Atland SA's market value is the price at which a share of Atland SA trades on a public exchange. It measures the collective expectations of Atland SA investors about its performance. Atland SA is trading at 44.00 as of the 24th of November 2024, a 0.45% down since the beginning of the trading day. The stock's open price was 44.2. With this module, you can estimate the performance of a buy and hold strategy of Atland SA and determine expected loss or profit from investing in Atland SA over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Atland
Atland 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 Atland 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 Atland SA.
0.00
12/05/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
11/24/2024
0.00
If you would invest 0.00 in Atland SA on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Atland SA or generate 0.0% return on investment in Atland SA over 720 days.
Atland 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 Atland 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 Atland SA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atland SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atland SA's standard deviation. In reality, there are many statistical measures that can use Atland SA historical prices to predict the future Atland SA's volatility.
At this point, Atland SA is very steady. Atland SA secures Sharpe Ratio (or Efficiency) of 0.0119, which signifies that the company had a 0.0119% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Atland SA, which you can use to evaluate the volatility of the firm. Please confirm Atland SA's Downside Deviation of 1.45, risk adjusted performance of 0.0058, and Mean Deviation of 0.5247 to double-check if the risk estimate we provide is consistent with the expected return of 0.0116%. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Atland SA are expected to decrease at a much lower rate. During the bear market, Atland SA is likely to outperform the market. Atland SA right now shows a risk of 0.97%. Please confirm Atland SA jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Atland SA will be following its price patterns.
Auto-correlation
-0.36
Poor reverse predictability
Atland SA has poor reverse predictability. Overlapping area represents the amount of predictability between Atland SA time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Atland SA price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Atland SA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.36
Spearman Rank Test
-0.77
Residual Average
0.0
Price Variance
11.99
Atland SA lagged returns against current returns
Autocorrelation, which is Atland 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 Atland SA's stock expected returns. We can calculate the autocorrelation of Atland SA returns to help us make a trade decision. For example, suppose you find that Atland 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
Atland 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 Atland SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atland SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atland SA stock over time.
Current vs Lagged Prices
Timeline
Atland SA Lagged Returns
When evaluating Atland SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atland SA stock have on its future price. Atland 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, Atland SA autocorrelation shows the relationship between Atland SA stock current value and its past values and can show if there is a momentum factor associated with investing in Atland SA.
Regressed Prices
Timeline
Also Currently Popular
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.