Alpha Services (Greece) Market Value
| ALPHA Stock | EUR 2.24 0.02 0.90% |
| Symbol | Alpha |
Alpha Services '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 Alpha Services' 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 Alpha Services.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Alpha Services on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Alpha Services and or generate 0.0% return on investment in Alpha Services over 90 days. Alpha Services is related to or competes with Piraeus Financial, Eurobank Ergasias, National Bank, Greek Organization, and Mytilineos. Alpha Services and Holdings S.A., together with its subsidiaries, provides various banking and financial products and se... More
Alpha Services 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 Alpha Services' 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 Alpha Services and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.3356 | |||
| Maximum Drawdown | 8.09 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 3.03 |
Alpha Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alpha Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alpha Services' standard deviation. In reality, there are many statistical measures that can use Alpha Services historical prices to predict the future Alpha Services' volatility.| Risk Adjusted Performance | 0.2488 | |||
| Jensen Alpha | 0.4917 | |||
| Total Risk Alpha | 0.7112 | |||
| Sortino Ratio | 0.2957 | |||
| Treynor Ratio | 15.75 |
Alpha Services Backtested Returns
Alpha Services appears to be moderately volatile, given 3 months investment horizon. Alpha Services secures Sharpe Ratio (or Efficiency) of 0.31, which signifies that the company had a 0.31 % return per unit of risk over the last 3 months. By analyzing Alpha Services' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Alpha Services' Downside Deviation of 2.02, mean deviation of 1.27, and Risk Adjusted Performance of 0.2488 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alpha Services holds a performance score of 24. The firm shows a Beta (market volatility) of 0.031, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alpha Services' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alpha Services is expected to be smaller as well. Please check Alpha Services' total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Alpha Services' price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
Alpha Services and has very good predictability. Overlapping area represents the amount of predictability between Alpha Services 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 Alpha Services price movement. The serial correlation of 0.84 indicates that around 84.0% of current Alpha Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Alpha Services lagged returns against current returns
Autocorrelation, which is Alpha Services 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 Alpha Services' stock expected returns. We can calculate the autocorrelation of Alpha Services returns to help us make a trade decision. For example, suppose you find that Alpha Services 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 |
Alpha Services 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 Alpha Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alpha Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alpha Services stock over time.
Current vs Lagged Prices |
| Timeline |
Alpha Services Lagged Returns
When evaluating Alpha Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alpha Services stock have on its future price. Alpha Services 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, Alpha Services autocorrelation shows the relationship between Alpha Services stock current value and its past values and can show if there is a momentum factor associated with investing in Alpha Services and.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Alpha Stock
Alpha Services financial ratios help investors to determine whether Alpha 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 Alpha with respect to the benefits of owning Alpha Services security.