ALERION CLEANPOWER (Germany) Market Value
| FCW3 Stock | EUR 14.10 2.14 17.89% |
| Symbol | ALERION |
ALERION CLEANPOWER '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 ALERION CLEANPOWER'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 ALERION CLEANPOWER.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in ALERION CLEANPOWER on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding ALERION CLEANPOWER or generate 0.0% return on investment in ALERION CLEANPOWER over 90 days. ALERION CLEANPOWER is related to or competes with Xinhua Winshare, COMPUTERSHARE, Grand Canyon, Computershare, Strategic Education, UNIVERSAL DISPLAY, and Computer. More
ALERION CLEANPOWER 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 ALERION CLEANPOWER'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 ALERION CLEANPOWER upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.25 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 2.09 |
ALERION CLEANPOWER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALERION CLEANPOWER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALERION CLEANPOWER's standard deviation. In reality, there are many statistical measures that can use ALERION CLEANPOWER historical prices to predict the future ALERION CLEANPOWER's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | 0.0618 | |||
| Treynor Ratio | (0.54) |
ALERION CLEANPOWER Backtested Returns
ALERION CLEANPOWER secures Sharpe Ratio (or Efficiency) of -0.0755, which signifies that the company had a -0.0755 % return per unit of risk over the last 3 months. ALERION CLEANPOWER exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALERION CLEANPOWER's Standard Deviation of 3.12, mean deviation of 1.77, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ALERION CLEANPOWER's returns are expected to increase less than the market. However, during the bear market, the loss of holding ALERION CLEANPOWER is expected to be smaller as well. At this point, ALERION CLEANPOWER has a negative expected return of -0.24%. Please make sure to confirm ALERION CLEANPOWER's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if ALERION CLEANPOWER performance from the past will be repeated in the future.
Auto-correlation | 0.81 |
Very good predictability
ALERION CLEANPOWER has very good predictability. Overlapping area represents the amount of predictability between ALERION CLEANPOWER 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 ALERION CLEANPOWER price movement. The serial correlation of 0.81 indicates that around 81.0% of current ALERION CLEANPOWER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 2.04 |
ALERION CLEANPOWER lagged returns against current returns
Autocorrelation, which is ALERION CLEANPOWER 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 ALERION CLEANPOWER's stock expected returns. We can calculate the autocorrelation of ALERION CLEANPOWER returns to help us make a trade decision. For example, suppose you find that ALERION CLEANPOWER 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 |
ALERION CLEANPOWER 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 ALERION CLEANPOWER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALERION CLEANPOWER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALERION CLEANPOWER stock over time.
Current vs Lagged Prices |
| Timeline |
ALERION CLEANPOWER Lagged Returns
When evaluating ALERION CLEANPOWER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALERION CLEANPOWER stock have on its future price. ALERION CLEANPOWER 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, ALERION CLEANPOWER autocorrelation shows the relationship between ALERION CLEANPOWER stock current value and its past values and can show if there is a momentum factor associated with investing in ALERION CLEANPOWER.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ALERION Stock
ALERION CLEANPOWER financial ratios help investors to determine whether ALERION 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 ALERION with respect to the benefits of owning ALERION CLEANPOWER security.