Alliance Financial (Malaysia) Market Value
| 2488 Stock | 5.10 0.06 1.19% |
| Symbol | Alliance |
Alliance Financial '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 Alliance Financial'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 Alliance Financial.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Alliance Financial on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Alliance Financial Group or generate 0.0% return on investment in Alliance Financial over 90 days. Alliance Financial is related to or competes with Sunway Construction, Shangri La, Datasonic Group, KPJ Healthcare, BP Plastics, and YTL Hospitality. More
Alliance Financial 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 Alliance Financial'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 Alliance Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.1542 | |||
| Maximum Drawdown | 7.22 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 2.46 |
Alliance Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alliance Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alliance Financial's standard deviation. In reality, there are many statistical measures that can use Alliance Financial historical prices to predict the future Alliance Financial's volatility.| Risk Adjusted Performance | 0.0768 | |||
| Jensen Alpha | 0.1087 | |||
| Total Risk Alpha | 0.209 | |||
| Sortino Ratio | 0.1676 | |||
| Treynor Ratio | 0.3999 |
Alliance Financial Backtested Returns
As of now, Alliance Stock is not too volatile. Alliance Financial secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Alliance Financial Group, which you can use to evaluate the volatility of the firm. Please confirm Alliance Financial's Risk Adjusted Performance of 0.0768, mean deviation of 0.8809, and Downside Deviation of 1.07 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Alliance Financial has a performance score of 7 on a scale of 0 to 100. 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, Alliance Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alliance Financial is expected to be smaller as well. Alliance Financial right now shows a risk of 1.2%. Please confirm Alliance Financial semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Alliance Financial will be following its price patterns.
Auto-correlation | -0.65 |
Very good reverse predictability
Alliance Financial Group has very good reverse predictability. Overlapping area represents the amount of predictability between Alliance Financial time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alliance Financial price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Alliance Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Alliance Financial lagged returns against current returns
Autocorrelation, which is Alliance Financial 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 Alliance Financial's stock expected returns. We can calculate the autocorrelation of Alliance Financial returns to help us make a trade decision. For example, suppose you find that Alliance Financial 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 |
Alliance Financial 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 Alliance Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alliance Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alliance Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Alliance Financial Lagged Returns
When evaluating Alliance Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alliance Financial stock have on its future price. Alliance Financial 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, Alliance Financial autocorrelation shows the relationship between Alliance Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Alliance Financial Group.
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 Alliance Stock
Alliance Financial financial ratios help investors to determine whether Alliance 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 Alliance with respect to the benefits of owning Alliance Financial security.