Alumexx NV (Netherlands) Market Value
| ALX Stock | EUR 1.30 0.03 2.26% |
| Symbol | Alumexx |
Alumexx NV '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 Alumexx NV'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 Alumexx NV.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Alumexx NV on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Alumexx NV or generate 0.0% return on investment in Alumexx NV over 30 days. Alumexx NV is related to or competes with DGB Group, Ease2pay, Ctac NV, Hydratec Industries, IShares Property, IShares VII, and Aalberts Industries. Alumexx N.V. manufactures and sells scaffoldings, stairs, ladders, accessories, and spare parts More
Alumexx NV 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 Alumexx NV'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 Alumexx NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.16 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.17 |
Alumexx NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alumexx NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alumexx NV's standard deviation. In reality, there are many statistical measures that can use Alumexx NV historical prices to predict the future Alumexx NV's volatility.| Risk Adjusted Performance | 0.0332 | |||
| Jensen Alpha | 0.0138 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1098 |
Alumexx NV Backtested Returns
Currently, Alumexx NV is very risky. Alumexx NV secures Sharpe Ratio (or Efficiency) of 0.0468, which signifies that the company had a 0.0468% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Alumexx NV, which you can use to evaluate the volatility of the firm. Please confirm Alumexx NV's Risk Adjusted Performance of 0.0332, mean deviation of 1.34, and Downside Deviation of 2.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Alumexx NV has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Alumexx NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alumexx NV is expected to be smaller as well. Alumexx NV right now shows a risk of 2.42%. Please confirm Alumexx NV total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Alumexx NV will be following its price patterns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Alumexx NV has insignificant reverse predictability. Overlapping area represents the amount of predictability between Alumexx NV time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 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 Alumexx NV price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Alumexx NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alumexx NV lagged returns against current returns
Autocorrelation, which is Alumexx NV 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 Alumexx NV's stock expected returns. We can calculate the autocorrelation of Alumexx NV returns to help us make a trade decision. For example, suppose you find that Alumexx NV 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 |
Alumexx NV 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 Alumexx NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alumexx NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alumexx NV stock over time.
Current vs Lagged Prices |
| Timeline |
Alumexx NV Lagged Returns
When evaluating Alumexx NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alumexx NV stock have on its future price. Alumexx NV 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, Alumexx NV autocorrelation shows the relationship between Alumexx NV stock current value and its past values and can show if there is a momentum factor associated with investing in Alumexx NV.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Alumexx Stock Analysis
When running Alumexx NV's price analysis, check to measure Alumexx NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alumexx NV is operating at the current time. Most of Alumexx NV's value examination focuses on studying past and present price action to predict the probability of Alumexx NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alumexx NV's price. Additionally, you may evaluate how the addition of Alumexx NV to your portfolios can decrease your overall portfolio volatility.