Alexandria New's market value is the price at which a share of Alexandria New trades on a public exchange. It measures the collective expectations of Alexandria New Medical investors about its performance. Alexandria New is trading at 18.88 as of the 22nd of January 2025. This is a 0.94% down since the beginning of the trading day. The stock's lowest day price was 18.69. With this module, you can estimate the performance of a buy and hold strategy of Alexandria New Medical and determine expected loss or profit from investing in Alexandria New 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 board of governors.
Symbol
Alexandria
Alexandria New '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 Alexandria New'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 Alexandria New.
0.00
10/24/2024
No Change 0.00
0.0
In 3 months and 1 day
01/22/2025
0.00
If you would invest 0.00 in Alexandria New on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Alexandria New Medical or generate 0.0% return on investment in Alexandria New over 90 days.
Alexandria New 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 Alexandria New'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 Alexandria New Medical 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 Alexandria New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alexandria New's standard deviation. In reality, there are many statistical measures that can use Alexandria New historical prices to predict the future Alexandria New's volatility.
Alexandria New Medical secures Sharpe Ratio (or Efficiency) of -0.0182, which signifies that the company had a -0.0182 % return per unit of standard deviation over the last 3 months. Alexandria New Medical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alexandria New's mean deviation of 2.14, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alexandria New are expected to decrease at a much lower rate. During the bear market, Alexandria New is likely to outperform the market. At this point, Alexandria New Medical has a negative expected return of -0.0686%. Please make sure to confirm Alexandria New's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Alexandria New Medical performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.06
Very weak reverse predictability
Alexandria New Medical has very weak reverse predictability. Overlapping area represents the amount of predictability between Alexandria New time series from 24th of October 2024 to 8th of December 2024 and 8th of December 2024 to 22nd of January 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 Alexandria New Medical price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Alexandria New price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.06
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
0.46
Alexandria New Medical lagged returns against current returns
Autocorrelation, which is Alexandria New 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 Alexandria New's stock expected returns. We can calculate the autocorrelation of Alexandria New returns to help us make a trade decision. For example, suppose you find that Alexandria New 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
Alexandria New 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 Alexandria New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alexandria New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alexandria New stock over time.
Current vs Lagged Prices
Timeline
Alexandria New Lagged Returns
When evaluating Alexandria New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alexandria New stock have on its future price. Alexandria New 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, Alexandria New autocorrelation shows the relationship between Alexandria New stock current value and its past values and can show if there is a momentum factor associated with investing in Alexandria New Medical.
Regressed Prices
Timeline
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