Allied Electronics (South Africa) Market Value
| AEL Stock | 2,037 19.00 0.92% |
| Symbol | Allied |
Allied Electronics '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 Allied Electronics' 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 Allied Electronics.
| 03/15/2023 |
| 03/04/2025 |
If you would invest 0.00 in Allied Electronics on March 15, 2023 and sell it all today you would earn a total of 0.00 from holding Allied Electronics or generate 0.0% return on investment in Allied Electronics over 720 days. Allied Electronics is related to or competes with Bytes Technology, Advtech, British Amer, and E Media. More
Allied Electronics 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 Allied Electronics' 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 Allied Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.0589 | |||
| Maximum Drawdown | 8.66 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.22 |
Allied Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allied Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allied Electronics' standard deviation. In reality, there are many statistical measures that can use Allied Electronics historical prices to predict the future Allied Electronics' volatility.| Risk Adjusted Performance | 0.0274 | |||
| Jensen Alpha | 0.0145 | |||
| Total Risk Alpha | 0.1772 | |||
| Sortino Ratio | 0.0571 | |||
| Treynor Ratio | (0.1) |
Allied Electronics Backtested Returns
At this point, Allied Electronics is very steady. Allied Electronics secures Sharpe Ratio (or Efficiency) of 0.0236, which signifies that the company had a 0.0236 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Allied Electronics, which you can use to evaluate the volatility of the firm. Please confirm Allied Electronics' Downside Deviation of 1.75, mean deviation of 1.32, and Risk Adjusted Performance of 0.0274 to double-check if the risk estimate we provide is consistent with the expected return of 0.0417%. Allied Electronics has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Allied Electronics are expected to decrease at a much lower rate. During the bear market, Allied Electronics is likely to outperform the market. Allied Electronics right now shows a risk of 1.77%. Please confirm Allied Electronics standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if Allied Electronics will be following its price patterns.
Auto-correlation | 0.67 |
Good predictability
Allied Electronics has good predictability. Overlapping area represents the amount of predictability between Allied Electronics time series from 15th of March 2023 to 9th of March 2024 and 9th of March 2024 to 4th 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 Allied Electronics price movement. The serial correlation of 0.67 indicates that around 67.0% of current Allied Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 145.5 K |
Allied Electronics lagged returns against current returns
Autocorrelation, which is Allied Electronics 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 Allied Electronics' stock expected returns. We can calculate the autocorrelation of Allied Electronics returns to help us make a trade decision. For example, suppose you find that Allied Electronics 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 |
Allied Electronics 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 Allied Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allied Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allied Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Allied Electronics Lagged Returns
When evaluating Allied Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allied Electronics stock have on its future price. Allied Electronics 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, Allied Electronics autocorrelation shows the relationship between Allied Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Allied Electronics.
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 Allied Stock
Allied Electronics financial ratios help investors to determine whether Allied 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 Allied with respect to the benefits of owning Allied Electronics security.