ALIBABA GROUP HLDG Market Value
| 01609WAR3 | 93.59 1.90 1.99% |
| Symbol | ALIBABA |
ALIBABA '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 ALIBABA's bond 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 ALIBABA.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in ALIBABA on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding ALIBABA GROUP HLDG or generate 0.0% return on investment in ALIBABA over 30 days. ALIBABA is related to or competes with Entegris, ON Semiconductor, MACOM Technology, Aris Water, Empresa Distribuidora, IPG Photonics, and KLA Tencor. More
ALIBABA 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 ALIBABA's bond 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 ALIBABA GROUP HLDG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6519 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.16 |
ALIBABA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALIBABA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALIBABA's standard deviation. In reality, there are many statistical measures that can use ALIBABA historical prices to predict the future ALIBABA's volatility.| Risk Adjusted Performance | 0.0183 | |||
| Jensen Alpha | 0.0117 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | (0.25) |
ALIBABA GROUP HLDG Backtested Returns
ALIBABA GROUP HLDG secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the bond had a -0.19% return per unit of return volatility over the last 3 months. ALIBABA GROUP HLDG exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALIBABA's Mean Deviation of 0.4928, semi deviation of 0.6065, and Risk Adjusted Performance of 0.0183 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0325, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ALIBABA are expected to decrease at a much lower rate. During the bear market, ALIBABA is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
ALIBABA GROUP HLDG has good reverse predictability. Overlapping area represents the amount of predictability between ALIBABA time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 ALIBABA GROUP HLDG price movement. The serial correlation of -0.51 indicates that about 51.0% of current ALIBABA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
ALIBABA GROUP HLDG lagged returns against current returns
Autocorrelation, which is ALIBABA bond'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 ALIBABA's bond expected returns. We can calculate the autocorrelation of ALIBABA returns to help us make a trade decision. For example, suppose you find that ALIBABA has exhibited high autocorrelation historically, and you observe that the bond 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 |
ALIBABA 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 ALIBABA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALIBABA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALIBABA bond over time.
Current vs Lagged Prices |
| Timeline |
ALIBABA Lagged Returns
When evaluating ALIBABA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALIBABA bond have on its future price. ALIBABA 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, ALIBABA autocorrelation shows the relationship between ALIBABA bond current value and its past values and can show if there is a momentum factor associated with investing in ALIBABA GROUP HLDG.
Regressed Prices |
| Timeline |
Also Currently Popular
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 ALIBABA Bond
ALIBABA financial ratios help investors to determine whether ALIBABA Bond 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 ALIBABA with respect to the benefits of owning ALIBABA security.