Altech Batteries' market value is the price at which a share of Altech Batteries trades on a public exchange. It measures the collective expectations of Altech Batteries Limited investors about its performance. Altech Batteries is trading at 0.0318 as of the 29th of November 2024. This is a 20.5 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.0318. With this module, you can estimate the performance of a buy and hold strategy of Altech Batteries Limited and determine expected loss or profit from investing in Altech Batteries over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
Symbol
Altech
Altech Batteries '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 Altech Batteries' pink sheet 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 Altech Batteries.
0.00
06/08/2023
No Change 0.00
0.0
In 1 year 5 months and 25 days
11/29/2024
0.00
If you would invest 0.00 in Altech Batteries on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Altech Batteries Limited or generate 0.0% return on investment in Altech Batteries over 540 days.
Altech Batteries 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 Altech Batteries' pink sheet 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 Altech Batteries Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altech Batteries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altech Batteries' standard deviation. In reality, there are many statistical measures that can use Altech Batteries historical prices to predict the future Altech Batteries' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Altech Batteries. Your research has to be compared to or analyzed against Altech Batteries' peers to derive any actionable benefits. When done correctly, Altech Batteries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Altech Batteries.
Altech Batteries Backtested Returns
Altech Batteries appears to be out of control, given 3 months investment horizon. Altech Batteries secures Sharpe Ratio (or Efficiency) of 0.0682, which signifies that the company had a 0.0682% return per unit of risk over the last 3 months. By analyzing Altech Batteries' technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please makes use of Altech Batteries' Mean Deviation of 4.88, risk adjusted performance of 0.0609, and Downside Deviation of 21.22 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Altech Batteries holds a performance score of 5. The firm shows a Beta (market volatility) of -3.01, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Altech Batteries are expected to decrease by larger amounts. On the other hand, during market turmoil, Altech Batteries is expected to outperform it. Please check Altech Batteries' maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether Altech Batteries' price patterns will revert.
Auto-correlation
0.04
Virtually no predictability
Altech Batteries Limited has virtually no predictability. Overlapping area represents the amount of predictability between Altech Batteries time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Altech Batteries price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Altech Batteries price fluctuation can be explain by its past prices.
Correlation Coefficient
0.04
Spearman Rank Test
-0.3
Residual Average
0.0
Price Variance
0.0
Altech Batteries lagged returns against current returns
Autocorrelation, which is Altech Batteries pink sheet'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 Altech Batteries' pink sheet expected returns. We can calculate the autocorrelation of Altech Batteries returns to help us make a trade decision. For example, suppose you find that Altech Batteries has exhibited high autocorrelation historically, and you observe that the pink sheet 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
Altech Batteries 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 Altech Batteries pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altech Batteries pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altech Batteries pink sheet over time.
Current vs Lagged Prices
Timeline
Altech Batteries Lagged Returns
When evaluating Altech Batteries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altech Batteries pink sheet have on its future price. Altech Batteries 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, Altech Batteries autocorrelation shows the relationship between Altech Batteries pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Altech Batteries Limited.