Allied Electronics (South Africa) Market Value
| AEL Stock | 1,950 25.00 1.27% |
| 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.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Allied Electronics on December 15, 2024 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 90 days. Allied Electronics is related to or competes with Life Healthcare, Standard Bank, CA Sales, Afine Investments, and Deneb Investments. 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.
| Information Ratio | 0.0147 | |||
| 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 | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | 0.1299 | |||
| Treynor Ratio | 0.2554 |
Allied Electronics Backtested Returns
Allied Electronics secures Sharpe Ratio (or Efficiency) of -0.0617, which signifies that the company had a -0.0617 % return per unit of risk over the last 3 months. Allied Electronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allied Electronics' Mean Deviation of 1.34, standard deviation of 1.71, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, 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. At this point, Allied Electronics has a negative expected return of -0.11%. Please make sure to confirm Allied Electronics' potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Allied Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Allied Electronics has weak predictability. Overlapping area represents the amount of predictability between Allied Electronics time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 0.24 indicates that over 24.0% of current Allied Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 3310.2 |
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.