Alefarm Brewing (Denmark) Market Value
| ALEFRM Stock | DKK 1.59 0.03 1.92% |
| Symbol | Alefarm |
Alefarm Brewing '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 Alefarm Brewing'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 Alefarm Brewing.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Alefarm Brewing on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Alefarm Brewing AS or generate 0.0% return on investment in Alefarm Brewing over 90 days. Alefarm Brewing is related to or competes with Jyske Bank, FOM Technologies, Vestjysk Bank, Nordfyns Bank, Groenlandsbanken, and Prime Office. Alefarm Brewing AS, a craft brewery, engages in the production of beers for consumers worldwide More
Alefarm Brewing 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 Alefarm Brewing'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 Alefarm Brewing AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.77 | |||
| Information Ratio | 0.091 | |||
| Maximum Drawdown | 16.15 | |||
| Value At Risk | (6.88) | |||
| Potential Upside | 6.87 |
Alefarm Brewing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alefarm Brewing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alefarm Brewing's standard deviation. In reality, there are many statistical measures that can use Alefarm Brewing historical prices to predict the future Alefarm Brewing's volatility.| Risk Adjusted Performance | 0.0651 | |||
| Jensen Alpha | 0.1749 | |||
| Total Risk Alpha | 0.7421 | |||
| Sortino Ratio | 0.075 | |||
| Treynor Ratio | (0.37) |
Alefarm Brewing AS Backtested Returns
Alefarm Brewing appears to be dangerous, given 3 months investment horizon. Alefarm Brewing AS secures Sharpe Ratio (or Efficiency) of 0.073, which signifies that the company had a 0.073 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Alefarm Brewing AS, which you can use to evaluate the volatility of the firm. Please makes use of Alefarm Brewing's risk adjusted performance of 0.0651, and Mean Deviation of 2.98 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alefarm Brewing holds a performance score of 5. The firm shows a Beta (market volatility) of -0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Alefarm Brewing are expected to decrease at a much lower rate. During the bear market, Alefarm Brewing is likely to outperform the market. Please check Alefarm Brewing's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Alefarm Brewing's price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
Alefarm Brewing AS has below average predictability. Overlapping area represents the amount of predictability between Alefarm Brewing time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Alefarm Brewing AS price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Alefarm Brewing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alefarm Brewing AS lagged returns against current returns
Autocorrelation, which is Alefarm Brewing 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 Alefarm Brewing's stock expected returns. We can calculate the autocorrelation of Alefarm Brewing returns to help us make a trade decision. For example, suppose you find that Alefarm Brewing 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 |
Alefarm Brewing 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 Alefarm Brewing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alefarm Brewing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alefarm Brewing stock over time.
Current vs Lagged Prices |
| Timeline |
Alefarm Brewing Lagged Returns
When evaluating Alefarm Brewing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alefarm Brewing stock have on its future price. Alefarm Brewing 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, Alefarm Brewing autocorrelation shows the relationship between Alefarm Brewing stock current value and its past values and can show if there is a momentum factor associated with investing in Alefarm Brewing AS.
Regressed Prices |
| Timeline |
Pair Trading with Alefarm Brewing
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 Alefarm Brewing 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 Alefarm Brewing will appreciate offsetting losses from the drop in the long position's value.Moving together with Alefarm Stock
Moving against Alefarm Stock
| 0.6 | LUXOR-B | Investeringsselskabet | PairCorr |
| 0.49 | JDAN | Jeudan | PairCorr |
| 0.44 | PRIMOF | Prime Office AS | PairCorr |
| 0.43 | STRINV | Strategic Investments | PairCorr |
| 0.41 | FPILIM | Formuepleje Limittellus | PairCorr |
The ability to find closely correlated positions to Alefarm Brewing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alefarm Brewing 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 Alefarm Brewing - 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 Alefarm Brewing AS to buy it.
The correlation of Alefarm Brewing 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 Alefarm Brewing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alefarm Brewing AS 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 Alefarm Brewing 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.Other Information on Investing in Alefarm Stock
Alefarm Brewing financial ratios help investors to determine whether Alefarm 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 Alefarm with respect to the benefits of owning Alefarm Brewing security.