Allegheny Technologies 5875 Market Value
| 01741RAH5 | 99.73 0.27 0.27% |
| Symbol | Allegheny |
Allegheny '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's bond 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Allegheny on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Allegheny Technologies 5875 or generate 0.0% return on investment in Allegheny over 30 days. Allegheny is related to or competes with Radcom, Sphere Entertainment, Nextplat Corp, WiMi Hologram, Daily Journal, KVH Industries, and Skillful Craftsman. More
Allegheny 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's bond 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 5875 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.27 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 22.66 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 3.29 |
Allegheny Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allegheny's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allegheny's standard deviation. In reality, there are many statistical measures that can use Allegheny historical prices to predict the future Allegheny's volatility.| Risk Adjusted Performance | 0.0153 | |||
| Jensen Alpha | 0.1445 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.02) |
Allegheny Technologies Backtested Returns
Allegheny Technologies secures Sharpe Ratio (or Efficiency) of -0.0075, which signifies that the bond had a -0.0075% return per unit of risk over the last 3 months. Allegheny Technologies 5875 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allegheny's Risk Adjusted Performance of 0.0153, downside deviation of 3.27, and Mean Deviation of 1.33 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -1.0, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Allegheny are expected to decrease slowly. On the other hand, during market turmoil, Allegheny is expected to outperform it slightly.
Auto-correlation | -0.01 |
Very weak reverse predictability
Allegheny Technologies 5875 has very weak reverse predictability. Overlapping area represents the amount of predictability between Allegheny time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Allegheny Technologies price movement. The serial correlation of -0.01 indicates that just 1.0% of current Allegheny price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Allegheny Technologies lagged returns against current returns
Autocorrelation, which is Allegheny bond'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's bond expected returns. We can calculate the autocorrelation of Allegheny returns to help us make a trade decision. For example, suppose you find that Allegheny has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allegheny bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allegheny bond over time.
Current vs Lagged Prices |
| Timeline |
Allegheny Lagged Returns
When evaluating Allegheny's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allegheny bond have on its future price. Allegheny 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 autocorrelation shows the relationship between Allegheny bond current value and its past values and can show if there is a momentum factor associated with investing in Allegheny Technologies 5875.
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.Other Information on Investing in Allegheny Bond
Allegheny financial ratios help investors to determine whether Allegheny Bond 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 Allegheny with respect to the benefits of owning Allegheny security.