ALTICE FRANCE S Market Value
| 02156LAE1 | 75.92 0.21 0.28% |
| Symbol | ALTICE |
ALTICE '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 ALTICE'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 ALTICE.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ALTICE on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ALTICE FRANCE S or generate 0.0% return on investment in ALTICE over 30 days. ALTICE is related to or competes with AerSale Corp, Pentair PLC, Timken, Inter Parfums, Corporacion America, Eastern, and Finnair Oyj. More
ALTICE 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 ALTICE'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 ALTICE FRANCE S upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.82 | |||
| Information Ratio | 0.0094 | |||
| Maximum Drawdown | 20.84 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 4.73 |
ALTICE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALTICE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALTICE's standard deviation. In reality, there are many statistical measures that can use ALTICE historical prices to predict the future ALTICE's volatility.| Risk Adjusted Performance | 0.0469 | |||
| Jensen Alpha | 0.1541 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0103 | |||
| Treynor Ratio | (4.41) |
ALTICE FRANCE S Backtested Returns
At this point, ALTICE is very steady. ALTICE FRANCE S secures Sharpe Ratio (or Efficiency) of 0.0764, which signifies that the bond had a 0.0764% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ALTICE FRANCE S, which you can use to evaluate the volatility of the entity. Please confirm ALTICE's mean deviation of 2.04, and Risk Adjusted Performance of 0.0469 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The bond shows a Beta (market volatility) of -0.034, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ALTICE are expected to decrease at a much lower rate. During the bear market, ALTICE is likely to outperform the market.
Auto-correlation | 0.49 |
Average predictability
ALTICE FRANCE S has average predictability. Overlapping area represents the amount of predictability between ALTICE 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 ALTICE FRANCE S price movement. The serial correlation of 0.49 indicates that about 49.0% of current ALTICE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 2.36 |
ALTICE FRANCE S lagged returns against current returns
Autocorrelation, which is ALTICE 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 ALTICE's bond expected returns. We can calculate the autocorrelation of ALTICE returns to help us make a trade decision. For example, suppose you find that ALTICE 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 |
ALTICE 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 ALTICE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALTICE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALTICE bond over time.
Current vs Lagged Prices |
| Timeline |
ALTICE Lagged Returns
When evaluating ALTICE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALTICE bond have on its future price. ALTICE 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, ALTICE autocorrelation shows the relationship between ALTICE bond current value and its past values and can show if there is a momentum factor associated with investing in ALTICE FRANCE S.
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 ALTICE Bond
ALTICE financial ratios help investors to determine whether ALTICE 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 ALTICE with respect to the benefits of owning ALTICE security.