Aallon Group (Finland) Market Value
| AALLON Stock | EUR 9.24 0.04 0.43% |
| Symbol | Aallon |
Aallon Group '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 Aallon Group'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 Aallon Group.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Aallon Group on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Aallon Group Oyj or generate 0.0% return on investment in Aallon Group over 30 days. Aallon Group is related to or competes with Fondia Oyj, Talenom Oyj, Admicom Oyj, Vincit Group, and Gofore Oyj. Aallon Group Oyj provides accounting services to companies operating in Finland More
Aallon Group 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 Aallon Group'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 Aallon Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.0605 | |||
| Maximum Drawdown | 7.13 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.19 |
Aallon Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aallon Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aallon Group's standard deviation. In reality, there are many statistical measures that can use Aallon Group historical prices to predict the future Aallon Group's volatility.| Risk Adjusted Performance | 0.0754 | |||
| Jensen Alpha | 0.1185 | |||
| Total Risk Alpha | 0.0719 | |||
| Sortino Ratio | 0.0642 | |||
| Treynor Ratio | 1.43 |
Aallon Group Oyj Backtested Returns
At this point, Aallon Group is somewhat reliable. Aallon Group Oyj secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aallon Group Oyj, which you can use to evaluate the volatility of the firm. Please confirm Aallon Group's Downside Deviation of 1.47, risk adjusted performance of 0.0754, and Mean Deviation of 1.15 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Aallon Group has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0846, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aallon Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aallon Group is expected to be smaller as well. Aallon Group Oyj right now shows a risk of 1.65%. Please confirm Aallon Group Oyj downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Aallon Group Oyj will be following its price patterns.
Auto-correlation | 0.60 |
Good predictability
Aallon Group Oyj has good predictability. Overlapping area represents the amount of predictability between Aallon Group time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd of January 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 Aallon Group Oyj price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Aallon Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Aallon Group Oyj lagged returns against current returns
Autocorrelation, which is Aallon Group 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 Aallon Group's stock expected returns. We can calculate the autocorrelation of Aallon Group returns to help us make a trade decision. For example, suppose you find that Aallon Group 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 |
Aallon Group 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 Aallon Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aallon Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aallon Group stock over time.
Current vs Lagged Prices |
| Timeline |
Aallon Group Lagged Returns
When evaluating Aallon Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aallon Group stock have on its future price. Aallon Group 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, Aallon Group autocorrelation shows the relationship between Aallon Group stock current value and its past values and can show if there is a momentum factor associated with investing in Aallon Group Oyj.
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 Aallon Stock
Aallon Group financial ratios help investors to determine whether Aallon 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 Aallon with respect to the benefits of owning Aallon Group security.