Alliance Global (Philippines) Market Value

AGI Stock   8.70  0.04  0.46%   
Alliance Global's market value is the price at which a share of Alliance Global trades on a public exchange. It measures the collective expectations of Alliance Global Group investors about its performance. Alliance Global is trading at 8.70 as of the 22nd of December 2024, a 0.46 percent decrease since the beginning of the trading day. The stock's lowest day price was 8.59.
With this module, you can estimate the performance of a buy and hold strategy of Alliance Global Group and determine expected loss or profit from investing in Alliance Global over a given investment horizon. Check out Alliance Global Correlation, Alliance Global Volatility and Alliance Global Alpha and Beta module to complement your research on Alliance Global.
Symbol

Please note, there is a significant difference between Alliance Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alliance Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alliance Global'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.

Alliance Global '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 Alliance Global'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 Alliance Global.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in Alliance Global on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Alliance Global Group or generate 0.0% return on investment in Alliance Global over 720 days. Alliance Global is related to or competes with SM Investments, Ayala Corp, DMCI Holdings. More

Alliance Global 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 Alliance Global'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 Alliance Global Group upside and downside potential and time the market with a certain degree of confidence.

Alliance Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alliance Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alliance Global's standard deviation. In reality, there are many statistical measures that can use Alliance Global historical prices to predict the future Alliance Global's volatility.
Hype
Prediction
LowEstimatedHigh
7.438.709.97
Details
Intrinsic
Valuation
LowRealHigh
6.227.498.76
Details

Alliance Global Group Backtested Returns

Alliance Global Group secures Sharpe Ratio (or Efficiency) of -0.0939, which signifies that the company had a -0.0939% return per unit of risk over the last 3 months. Alliance Global Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alliance Global's Mean Deviation of 0.9066, risk adjusted performance of (0.05), and Standard Deviation of 1.28 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alliance Global are expected to decrease at a much lower rate. During the bear market, Alliance Global is likely to outperform the market. At this point, Alliance Global Group has a negative expected return of -0.12%. Please make sure to confirm Alliance Global's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Alliance Global Group performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.15  

Insignificant predictability

Alliance Global Group has insignificant predictability. Overlapping area represents the amount of predictability between Alliance Global time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Alliance Global Group price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Alliance Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.15
Spearman Rank Test0.2
Residual Average0.0
Price Variance0.85

Alliance Global Group lagged returns against current returns

Autocorrelation, which is Alliance Global 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 Alliance Global's stock expected returns. We can calculate the autocorrelation of Alliance Global returns to help us make a trade decision. For example, suppose you find that Alliance Global 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  

Alliance Global 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 Alliance Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alliance Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alliance Global stock over time.
   Current vs Lagged Prices   
       Timeline  

Alliance Global Lagged Returns

When evaluating Alliance Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alliance Global stock have on its future price. Alliance Global 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, Alliance Global autocorrelation shows the relationship between Alliance Global stock current value and its past values and can show if there is a momentum factor associated with investing in Alliance Global Group.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Alliance Stock

Alliance Global financial ratios help investors to determine whether Alliance 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 Alliance with respect to the benefits of owning Alliance Global security.