Almirall (Spain) Market Value
| ALM Stock | EUR 10.31 0.30 3.00% |
| Symbol | Almirall |
Almirall '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 Almirall'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 Almirall.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Almirall on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Almirall SA or generate 0.0% return on investment in Almirall over 90 days. Almirall is related to or competes with Grifols SA, Acerinox, Laboratorios Farmaceuticos, ENCE Energa, and CIE Automotive. Almirall, S.A., a pharmaceutical company, engages in the research, development, manufacture, and sale of skin-health rel... More
Almirall 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 Almirall'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 Almirall SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.2656 | |||
| Maximum Drawdown | 7.95 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 3.28 |
Almirall Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Almirall's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Almirall's standard deviation. In reality, there are many statistical measures that can use Almirall historical prices to predict the future Almirall's volatility.| Risk Adjusted Performance | 0.1826 | |||
| Jensen Alpha | 0.3545 | |||
| Total Risk Alpha | 0.5237 | |||
| Sortino Ratio | 0.3412 | |||
| Treynor Ratio | 1.04 |
Almirall SA Backtested Returns
Almirall appears to be not too volatile, given 3 months investment horizon. Almirall SA secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Almirall SA, which you can use to evaluate the volatility of the firm. Please makes use of Almirall's Downside Deviation of 1.26, mean deviation of 1.24, and Risk Adjusted Performance of 0.1826 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Almirall holds a performance score of 16. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Almirall's returns are expected to increase less than the market. However, during the bear market, the loss of holding Almirall is expected to be smaller as well. Please check Almirall's standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to make a quick decision on whether Almirall's price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
Almirall SA has good predictability. Overlapping area represents the amount of predictability between Almirall 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 Almirall SA price movement. The serial correlation of 0.78 indicates that around 78.0% of current Almirall price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Almirall SA lagged returns against current returns
Autocorrelation, which is Almirall 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 Almirall's stock expected returns. We can calculate the autocorrelation of Almirall returns to help us make a trade decision. For example, suppose you find that Almirall 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 |
Almirall 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 Almirall stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Almirall stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Almirall stock over time.
Current vs Lagged Prices |
| Timeline |
Almirall Lagged Returns
When evaluating Almirall's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Almirall stock have on its future price. Almirall 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, Almirall autocorrelation shows the relationship between Almirall stock current value and its past values and can show if there is a momentum factor associated with investing in Almirall SA.
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 Almirall Stock
Almirall financial ratios help investors to determine whether Almirall 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 Almirall with respect to the benefits of owning Almirall security.