Albion Technology (UK) Market Value
| AATG Stock | 68.50 1.50 2.14% |
| Symbol | Albion |
Albion Technology '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 Albion Technology'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 Albion Technology.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Albion Technology on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Albion Technology General or generate 0.0% return on investment in Albion Technology over 30 days. Albion Technology is related to or competes with Samsung Electronics, Samsung Electronics, Toyota, Reliance Industries, MOL Hungarian, and OTP Bank. Albion Technology is entity of United Kingdom More
Albion Technology 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 Albion Technology'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 Albion Technology General upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.52 | |||
| Potential Upside | 0.5458 |
Albion Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Albion Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Albion Technology's standard deviation. In reality, there are many statistical measures that can use Albion Technology historical prices to predict the future Albion Technology's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.59) |
Albion Technology General Backtested Returns
Albion Technology General secures Sharpe Ratio (or Efficiency) of -0.0114, which signifies that the company had a -0.0114% return per unit of standard deviation over the last 3 months. Albion Technology General exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Albion Technology's risk adjusted performance of (0.01), and Mean Deviation of 0.2534 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0337, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Albion Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Albion Technology is expected to be smaller as well. At this point, Albion Technology General has a negative expected return of -0.0102%. Please make sure to confirm Albion Technology's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Albion Technology General performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Albion Technology General has weak reverse predictability. Overlapping area represents the amount of predictability between Albion Technology time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Albion Technology General price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Albion Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Albion Technology General lagged returns against current returns
Autocorrelation, which is Albion Technology 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 Albion Technology's stock expected returns. We can calculate the autocorrelation of Albion Technology returns to help us make a trade decision. For example, suppose you find that Albion Technology 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 |
Albion Technology 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 Albion Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Albion Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Albion Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Albion Technology Lagged Returns
When evaluating Albion Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Albion Technology stock have on its future price. Albion Technology 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, Albion Technology autocorrelation shows the relationship between Albion Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Albion Technology General.
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.Additional Tools for Albion Stock Analysis
When running Albion Technology's price analysis, check to measure Albion Technology'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 Albion Technology is operating at the current time. Most of Albion Technology's value examination focuses on studying past and present price action to predict the probability of Albion Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Albion Technology's price. Additionally, you may evaluate how the addition of Albion Technology to your portfolios can decrease your overall portfolio volatility.