Alpha Services (Greece) Market Value
| ALPHA Stock | EUR 1.47 0.01 0.68% |
| 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.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alpha Services on June 3, 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 180 days. Alpha Services is related to or competes with Eurobank Ergasias, 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.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.87 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.72 |
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 | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.22) |
Alpha Services Backtested Returns
Alpha Services secures Sharpe Ratio (or Efficiency) of -0.0604, which signifies that the company had a -0.0604% return per unit of risk over the last 3 months. Alpha Services and exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alpha Services' Risk Adjusted Performance of (0.03), standard deviation of 1.64, and Mean Deviation of 1.24 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. 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. At this point, Alpha Services has a negative expected return of -0.0994%. Please make sure to confirm Alpha Services' maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to decide if Alpha Services performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Alpha Services and has good reverse predictability. Overlapping area represents the amount of predictability between Alpha Services time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Alpha Services price movement. The serial correlation of -0.51 indicates that about 51.0% of current Alpha Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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.