Allegroeu (Poland) Market Value
| ALE Stock | 30.93 0.11 0.36% |
| Symbol | Allegroeu |
Allegroeu '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 Allegroeu'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 Allegroeu.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in Allegroeu on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding Allegroeu SA or generate 0.0% return on investment in Allegroeu over 30 days. Allegroeu is related to or competes with Movie Games, Mercator Medical, Medicalg, Creativeforge Games, True Games, and Echo Investment. More
Allegroeu 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 Allegroeu'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 Allegroeu SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.99 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 4.26 |
Allegroeu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allegroeu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allegroeu's standard deviation. In reality, there are many statistical measures that can use Allegroeu historical prices to predict the future Allegroeu's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allegroeu's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Allegroeu SA Backtested Returns
Currently, Allegroeu SA is very steady. Allegroeu SA secures Sharpe Ratio (or Efficiency) of 0.0969, which signifies that the company had a 0.0969 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Allegroeu SA, which you can use to evaluate the volatility of the firm. Please confirm Allegroeu's Risk Adjusted Performance of (0.03), standard deviation of 2.5, and Mean Deviation of 1.64 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Allegroeu has a performance score of 7 on a scale of 0 to 100. 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, Allegroeu's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allegroeu is expected to be smaller as well. Allegroeu SA right now shows a risk of 1.93%. Please confirm Allegroeu SA kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Allegroeu SA will be following its price patterns.
Auto-correlation | 0.86 |
Very good predictability
Allegroeu SA has very good predictability. Overlapping area represents the amount of predictability between Allegroeu time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th of February 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 Allegroeu SA price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Allegroeu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Allegroeu SA lagged returns against current returns
Autocorrelation, which is Allegroeu 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 Allegroeu's stock expected returns. We can calculate the autocorrelation of Allegroeu returns to help us make a trade decision. For example, suppose you find that Allegroeu 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 |
Allegroeu 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 Allegroeu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allegroeu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allegroeu stock over time.
Current vs Lagged Prices |
| Timeline |
Allegroeu Lagged Returns
When evaluating Allegroeu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allegroeu stock have on its future price. Allegroeu 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, Allegroeu autocorrelation shows the relationship between Allegroeu stock current value and its past values and can show if there is a momentum factor associated with investing in Allegroeu SA.
Regressed Prices |
| Timeline |
Pair Trading with Allegroeu
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allegroeu position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allegroeu will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Allegroeu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegroeu when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allegroeu - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allegroeu SA to buy it.
The correlation of Allegroeu is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allegroeu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegroeu SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allegroeu can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Allegroeu Stock Analysis
When running Allegroeu's price analysis, check to measure Allegroeu'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 Allegroeu is operating at the current time. Most of Allegroeu's value examination focuses on studying past and present price action to predict the probability of Allegroeu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegroeu's price. Additionally, you may evaluate how the addition of Allegroeu to your portfolios can decrease your overall portfolio volatility.