Alternus Energy (Norway) Market Value
| ALT Stock | 0.31 0.03 8.82% |
| Symbol | Alternus |
Alternus Energy '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 Alternus Energy'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 Alternus Energy.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Alternus Energy on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Alternus Energy Group or generate 0.0% return on investment in Alternus Energy over 90 days. Alternus Energy is related to or competes with Nordhealth, Arcticzymes Technologies, Nidaros Sparebank, Odfjell Technology, Sunndal Sparebank, and Norwegian Air. More
Alternus Energy 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 Alternus Energy'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 Alternus Energy Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.37 | |||
| Information Ratio | 0.0665 | |||
| Maximum Drawdown | 109.49 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 35.14 |
Alternus Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alternus Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alternus Energy's standard deviation. In reality, there are many statistical measures that can use Alternus Energy historical prices to predict the future Alternus Energy's volatility.| Risk Adjusted Performance | 0.0628 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | 3.45 | |||
| Sortino Ratio | 0.0804 | |||
| Treynor Ratio | 1.09 |
Alternus Energy Group Backtested Returns
Alternus Energy is out of control given 3 months investment horizon. Alternus Energy Group secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.2% are justified by taking the suggested risk. Use Alternus Energy Downside Deviation of 15.37, risk adjusted performance of 0.0628, and Mean Deviation of 11.59 to evaluate company specific risk that cannot be diversified away. Alternus Energy holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.04, which signifies a somewhat significant risk relative to the market. Alternus Energy returns are very sensitive to returns on the market. As the market goes up or down, Alternus Energy is expected to follow. Use Alternus Energy expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to analyze future returns on Alternus Energy.
Auto-correlation | -0.82 |
Excellent reverse predictability
Alternus Energy Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Alternus Energy 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 Alternus Energy Group price movement. The serial correlation of -0.82 indicates that around 82.0% of current Alternus Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Alternus Energy Group lagged returns against current returns
Autocorrelation, which is Alternus Energy 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 Alternus Energy's stock expected returns. We can calculate the autocorrelation of Alternus Energy returns to help us make a trade decision. For example, suppose you find that Alternus Energy 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 |
Alternus Energy 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 Alternus Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alternus Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alternus Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Alternus Energy Lagged Returns
When evaluating Alternus Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alternus Energy stock have on its future price. Alternus Energy 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, Alternus Energy autocorrelation shows the relationship between Alternus Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Alternus Energy Group.
Regressed Prices |
| Timeline |
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Alternus Energy financial ratios help investors to determine whether Alternus 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 Alternus with respect to the benefits of owning Alternus Energy security.