AlzChem Group's market value is the price at which a share of AlzChem Group trades on a public exchange. It measures the collective expectations of AlzChem Group AG investors about its performance. AlzChem Group is trading at 62.80 as of the 18th of January 2025, a 1.29 percent increase since the beginning of the trading day. The stock's lowest day price was 62.8. With this module, you can estimate the performance of a buy and hold strategy of AlzChem Group AG and determine expected loss or profit from investing in AlzChem Group over a given investment horizon. Check out AlzChem Group Correlation, AlzChem Group Volatility and AlzChem Group Alpha and Beta module to complement your research on AlzChem Group.
Please note, there is a significant difference between AlzChem Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if AlzChem Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AlzChem Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
AlzChem 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 AlzChem 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 AlzChem Group.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AlzChem 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 AlzChem Group AG upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for AlzChem Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AlzChem Group's standard deviation. In reality, there are many statistical measures that can use AlzChem Group historical prices to predict the future AlzChem Group's volatility.
At this point, AlzChem Group is very steady. AlzChem Group AG secures Sharpe Ratio (or Efficiency) of 0.0457, which signifies that the company had a 0.0457% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AlzChem Group AG, which you can use to evaluate the volatility of the firm. Please confirm AlzChem Group's Downside Deviation of 2.56, mean deviation of 2.25, and Risk Adjusted Performance of 0.0838 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. AlzChem Group has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0615, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AlzChem Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding AlzChem Group is expected to be smaller as well. AlzChem Group AG right now shows a risk of 2.89%. Please confirm AlzChem Group AG treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if AlzChem Group AG will be following its price patterns.
Auto-correlation
0.35
Below average predictability
AlzChem Group AG has below average predictability. Overlapping area represents the amount of predictability between AlzChem Group time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 AlzChem Group AG price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current AlzChem Group price fluctuation can be explain by its past prices.
Correlation Coefficient
0.35
Spearman Rank Test
0.11
Residual Average
0.0
Price Variance
2.03
AlzChem Group AG lagged returns against current returns
Autocorrelation, which is AlzChem 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 AlzChem Group's stock expected returns. We can calculate the autocorrelation of AlzChem Group returns to help us make a trade decision. For example, suppose you find that AlzChem 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
AlzChem 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 AlzChem Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AlzChem Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AlzChem Group stock over time.
Current vs Lagged Prices
Timeline
AlzChem Group Lagged Returns
When evaluating AlzChem Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AlzChem Group stock have on its future price. AlzChem 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, AlzChem Group autocorrelation shows the relationship between AlzChem Group stock current value and its past values and can show if there is a momentum factor associated with investing in AlzChem Group AG.
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.
AlzChem Group financial ratios help investors to determine whether AlzChem 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 AlzChem with respect to the benefits of owning AlzChem Group security.