AlzChem Group (Germany) Market Value
| ACT Stock | EUR 57.40 0.20 0.35% |
| Symbol | AlzChem |
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.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in AlzChem Group on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding AlzChem Group AG or generate 0.0% return on investment in AlzChem Group over 720 days. AlzChem Group is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
AlzChem 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 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.
| Downside Deviation | 2.97 | |||
| Information Ratio | 0.1051 | |||
| Maximum Drawdown | 20.6 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 8.9 |
AlzChem Group Market Risk Indicators
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.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 0.4044 | |||
| Total Risk Alpha | 0.0191 | |||
| Sortino Ratio | 0.1314 | |||
| Treynor Ratio | 0.5685 |
AlzChem Group AG Backtested Returns
AlzChem Group appears to be very steady, given 3 months investment horizon. AlzChem Group AG secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. By analyzing AlzChem Group's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of AlzChem Group's Risk Adjusted Performance of 0.1038, downside deviation of 2.97, and Mean Deviation of 2.54 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AlzChem Group holds a performance score of 11. The firm shows a Beta (market volatility) of 0.85, which signifies possible diversification benefits within a given portfolio. 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. Please check AlzChem Group's maximum drawdown, semi variance, daily balance of power, as well as the relationship between the potential upside and skewness , to make a quick decision on whether AlzChem Group's price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
AlzChem Group AG has good predictability. Overlapping area represents the amount of predictability between AlzChem Group time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th of December 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 AlzChem Group AG price movement. The serial correlation of 0.75 indicates that around 75.0% of current AlzChem Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 137.17 |
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 |
Thematic Opportunities
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Additional Tools for AlzChem Stock Analysis
When running AlzChem Group's price analysis, check to measure AlzChem Group'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 AlzChem Group is operating at the current time. Most of AlzChem Group's value examination focuses on studying past and present price action to predict the probability of AlzChem Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AlzChem Group's price. Additionally, you may evaluate how the addition of AlzChem Group to your portfolios can decrease your overall portfolio volatility.