Altern Energy (Pakistan) Price on October 29, 2024
| ALTN Stock | 23.91 0.85 3.69% |
If you're considering investing in Altern Stock, it is important to understand the factors that can impact its price. As of today, the current price of Altern Energy stands at 23.91, as last reported on the 7th of January, with the highest price reaching 24.79 and the lowest price hitting 23.06 during the day. Altern Energy appears to be very steady, given 3 months investment horizon. Altern Energy secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that the company had a 0.31% return per unit of risk over the last 3 months. By analyzing Altern Energy's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Altern Energy's Mean Deviation of 1.67, downside deviation of 1.97, and Risk Adjusted Performance of 0.2168 to double-check if our risk estimates are consistent with your expectations.
Altern Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Altern |
Sharpe Ratio = 0.3051
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Estimated Market Risk
| 2.02 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Altern Energy is performing at about 24% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Altern Energy by adding it to a well-diversified portfolio.
Altern Energy Valuation on October 29, 2024
It is possible to determine the worth of Altern Energy on a given historical date. On October 29, 2024 Altern was worth 16.9 at the beginning of the trading date compared to the closed value of 16.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Altern Energy stock. Still, in general, we apply an absolute valuation method to find Altern Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Altern Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Altern Energy's related companies.
| Open | High | Low | Close | Volume | |
| 16.95 | 16.95 | 16.55 | 16.58 | 232,978 | |
10/29/2024 | 16.90 | 17.00 | 16.41 | 16.53 | 511,746 |
| 16.85 | 16.85 | 16.41 | 16.49 | 426,154 |
| Backtest Altern Energy | | | Altern Energy History | | | Altern Energy Valuation | Previous | Next |
Altern Energy Trading Date Momentum on October 29, 2024
| On October 30 2024 Altern Energy was traded for 16.49 at the closing time. The highest price during the trading period was 16.85 and the lowest recorded bid was listed for 16.41 . The volume for the day was 426.2 K. This history from October 30, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.24% . The overall trading delta to the current price is 0.67% . |
Altern Energy Fundamentals Correlations and Trends
By evaluating Altern Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Altern Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Altern financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Altern Energy Stock history
Altern Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Altern is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Altern Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Altern Energy stock prices may prove useful in developing a viable investing in Altern Energy
Altern Energy Stock Technical Analysis
Altern Energy 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.
Price Boundaries
Altern Energy Period Price Range
Low | January 7, 2025
| High |
0.00 | 0.00 |
Altern Energy cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Altern Energy January 7, 2025 Market Strength
Market strength indicators help investors to evaluate how Altern Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altern Energy shares will generate the highest return on investment. By undertsting and applying Altern Energy stock market strength indicators, traders can identify Altern Energy entry and exit signals to maximize returns
Altern Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Altern Energy's price direction in advance. Along with the technical and fundamental analysis of Altern Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Altern to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2168 | |||
| Jensen Alpha | 0.6292 | |||
| Total Risk Alpha | 0.5694 | |||
| Sortino Ratio | 0.3068 | |||
| Treynor Ratio | (2.13) |
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| Math Transform | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Altern Stock analysis
When running Altern Energy's price analysis, check to measure Altern Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Altern Energy is operating at the current time. Most of Altern Energy's value examination focuses on studying past and present price action to predict the probability of Altern Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altern Energy's price. Additionally, you may evaluate how the addition of Altern Energy to your portfolios can decrease your overall portfolio volatility.
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