Allied Corp Stock Market Value
| ALID Stock | USD 0.04 0 11.43% |
| Symbol | Allied |
Allied Corp '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 Corp's otc 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 Corp.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Allied Corp on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Allied Corp or generate 0.0% return on investment in Allied Corp over 720 days. Allied Corp is related to or competes with Crescita Therapeutics. Allied Corp., a medical cannabis production company, engages in the research, development, and production of cannabinoid... More
Allied Corp 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 Corp's otc 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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.64 | |||
| Information Ratio | 0.0085 | |||
| Maximum Drawdown | 110.34 | |||
| Value At Risk | (31.38) | |||
| Potential Upside | 23.76 |
Allied Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allied Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allied Corp's standard deviation. In reality, there are many statistical measures that can use Allied Corp historical prices to predict the future Allied Corp's volatility.| Risk Adjusted Performance | 0.0202 | |||
| Jensen Alpha | 0.3885 | |||
| Total Risk Alpha | (2.30) | |||
| Sortino Ratio | 0.0083 | |||
| Treynor Ratio | (0.20) |
Allied Corp Backtested Returns
Allied Corp appears to be out of control, given 3 months investment horizon. Allied Corp secures Sharpe Ratio (or Efficiency) of 0.0427, which signifies that the company had a 0.0427% return per unit of risk over the last 3 months. By analyzing Allied Corp's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Allied Corp's Downside Deviation of 18.64, risk adjusted performance of 0.0202, and Mean Deviation of 9.17 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allied Corp holds a performance score of 3. The firm shows a Beta (market volatility) of -1.3, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Allied Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Allied Corp is expected to outperform it. Please check Allied Corp's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Allied Corp's price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Allied Corp has below average predictability. Overlapping area represents the amount of predictability between Allied Corp time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Allied Corp price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Allied Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Allied Corp lagged returns against current returns
Autocorrelation, which is Allied Corp otc 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 Corp's otc stock expected returns. We can calculate the autocorrelation of Allied Corp returns to help us make a trade decision. For example, suppose you find that Allied Corp has exhibited high autocorrelation historically, and you observe that the otc 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 Corp 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 Corp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allied Corp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allied Corp otc stock over time.
Current vs Lagged Prices |
| Timeline |
Allied Corp Lagged Returns
When evaluating Allied Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allied Corp otc stock have on its future price. Allied Corp 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 Corp autocorrelation shows the relationship between Allied Corp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Allied Corp.
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 OTC Stock
Allied Corp financial ratios help investors to determine whether Allied OTC 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 Corp security.