ALTEO Energiaszolgalta (Hungary) Market Value
| ALTEO Stock | 5,980 100.00 1.70% |
| Symbol | ALTEO |
ALTEO Energiaszolgalta '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 ALTEO Energiaszolgalta'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 ALTEO Energiaszolgalta.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in ALTEO Energiaszolgalta on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding ALTEO Energiaszolgaltato Nyrt or generate 0.0% return on investment in ALTEO Energiaszolgalta over 90 days. ALTEO Energiaszolgalta is related to or competes with Delta Technologies, and Nutex Investments. More
ALTEO Energiaszolgalta 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 ALTEO Energiaszolgalta'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 ALTEO Energiaszolgaltato Nyrt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.391 | |||
| Maximum Drawdown | 11.09 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 3.8 |
ALTEO Energiaszolgalta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALTEO Energiaszolgalta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALTEO Energiaszolgalta's standard deviation. In reality, there are many statistical measures that can use ALTEO Energiaszolgalta historical prices to predict the future ALTEO Energiaszolgalta's volatility.| Risk Adjusted Performance | 0.298 | |||
| Jensen Alpha | 0.6176 | |||
| Total Risk Alpha | 0.8245 | |||
| Sortino Ratio | 0.4942 | |||
| Treynor Ratio | 3.34 |
ALTEO Energiaszolgalta Backtested Returns
ALTEO Energiaszolgalta appears to be very steady, given 3 months investment horizon. ALTEO Energiaszolgalta secures Sharpe Ratio (or Efficiency) of 0.35, which signifies that the company had a 0.35 % return per unit of risk over the last 3 months. By analyzing ALTEO Energiaszolgalta's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of ALTEO Energiaszolgalta's risk adjusted performance of 0.298, and Mean Deviation of 1.29 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ALTEO Energiaszolgalta holds a performance score of 27. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ALTEO Energiaszolgalta's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALTEO Energiaszolgalta is expected to be smaller as well. Please check ALTEO Energiaszolgalta's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether ALTEO Energiaszolgalta's price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
ALTEO Energiaszolgaltato Nyrt has good predictability. Overlapping area represents the amount of predictability between ALTEO Energiaszolgalta time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 ALTEO Energiaszolgalta price movement. The serial correlation of 0.66 indicates that around 66.0% of current ALTEO Energiaszolgalta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 51.7 K |
ALTEO Energiaszolgalta lagged returns against current returns
Autocorrelation, which is ALTEO Energiaszolgalta 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 ALTEO Energiaszolgalta's stock expected returns. We can calculate the autocorrelation of ALTEO Energiaszolgalta returns to help us make a trade decision. For example, suppose you find that ALTEO Energiaszolgalta 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 |
ALTEO Energiaszolgalta 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 ALTEO Energiaszolgalta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALTEO Energiaszolgalta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALTEO Energiaszolgalta stock over time.
Current vs Lagged Prices |
| Timeline |
ALTEO Energiaszolgalta Lagged Returns
When evaluating ALTEO Energiaszolgalta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALTEO Energiaszolgalta stock have on its future price. ALTEO Energiaszolgalta 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, ALTEO Energiaszolgalta autocorrelation shows the relationship between ALTEO Energiaszolgalta stock current value and its past values and can show if there is a momentum factor associated with investing in ALTEO Energiaszolgaltato Nyrt.
Regressed Prices |
| Timeline |
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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 ALTEO Stock
ALTEO Energiaszolgalta financial ratios help investors to determine whether ALTEO 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 ALTEO with respect to the benefits of owning ALTEO Energiaszolgalta security.