Alpcot Holding (Sweden) Market Value
| ALPCOT-B | 0.60 0.03 4.76% |
| Symbol | Alpcot |
Alpcot Holding '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 Alpcot Holding'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 Alpcot Holding.
| 06/27/2024 |
| 12/24/2024 |
If you would invest 0.00 in Alpcot Holding on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding Alpcot Holding AB or generate 0.0% return on investment in Alpcot Holding over 180 days. Alpcot Holding is related to or competes with KebNi AB, Checkin Group, Freemelt Holding, and Unibap AB. More
Alpcot Holding 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 Alpcot Holding'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 Alpcot Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 25.48 | |||
| Value At Risk | (7.04) | |||
| Potential Upside | 7.02 |
Alpcot Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpcot Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpcot Holding's standard deviation. In reality, there are many statistical measures that can use Alpcot Holding historical prices to predict the future Alpcot Holding's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.3297 |
Alpcot Holding AB Backtested Returns
Alpcot Holding AB secures Sharpe Ratio (or Efficiency) of -0.021, which signifies that the company had a -0.021% return per unit of risk over the last 3 months. Alpcot Holding AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alpcot Holding's Mean Deviation of 2.97, risk adjusted performance of (0.02), and Standard Deviation of 4.51 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Alpcot Holding are expected to decrease at a much lower rate. During the bear market, Alpcot Holding is likely to outperform the market. At this point, Alpcot Holding AB has a negative expected return of -0.0945%. Please make sure to confirm Alpcot Holding's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Alpcot Holding AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Alpcot Holding AB has below average predictability. Overlapping area represents the amount of predictability between Alpcot Holding time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th 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 Alpcot Holding AB price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Alpcot Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alpcot Holding AB lagged returns against current returns
Autocorrelation, which is Alpcot Holding 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 Alpcot Holding's stock expected returns. We can calculate the autocorrelation of Alpcot Holding returns to help us make a trade decision. For example, suppose you find that Alpcot Holding 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 |
Alpcot Holding 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 Alpcot Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpcot Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpcot Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Alpcot Holding Lagged Returns
When evaluating Alpcot Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpcot Holding stock have on its future price. Alpcot Holding 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, Alpcot Holding autocorrelation shows the relationship between Alpcot Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Alpcot Holding AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Alpcot Stock
Alpcot Holding financial ratios help investors to determine whether Alpcot 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 Alpcot with respect to the benefits of owning Alpcot Holding security.