ALVGR 35 Market Value
| X10001AA7 | 83.38 13.51 13.94% |
| Symbol | ALVGR |
Please note, there is a significant difference between ALVGR's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALVGR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALVGR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ALVGR '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 ALVGR'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 ALVGR.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in ALVGR on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding ALVGR 35 or generate 0.0% return on investment in ALVGR over 90 days. ALVGR is related to or competes with Diageo PLC, Boyd Gaming, Constellation Brands, Ark Restaurants, Better Choice, Biglari Holdings, and RLX Technology. More
ALVGR 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 ALVGR'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 ALVGR 35 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.38 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 0.8946 |
ALVGR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALVGR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALVGR's standard deviation. In reality, there are many statistical measures that can use ALVGR historical prices to predict the future ALVGR's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | 0.0503 | |||
| Treynor Ratio | 0.2803 |
ALVGR 35 Backtested Returns
ALVGR 35 secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the bond had a -0.19 % return per unit of volatility over the last 3 months. ALVGR 35 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALVGR's risk adjusted performance of (0.07), and Mean Deviation of 0.6424 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ALVGR are expected to decrease at a much lower rate. During the bear market, ALVGR is likely to outperform the market.
Auto-correlation | -0.63 |
Very good reverse predictability
ALVGR 35 has very good reverse predictability. Overlapping area represents the amount of predictability between ALVGR time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 ALVGR 35 price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current ALVGR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 26.84 |
ALVGR 35 lagged returns against current returns
Autocorrelation, which is ALVGR 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 ALVGR's bond expected returns. We can calculate the autocorrelation of ALVGR returns to help us make a trade decision. For example, suppose you find that ALVGR 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 |
ALVGR 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 ALVGR bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALVGR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALVGR bond over time.
Current vs Lagged Prices |
| Timeline |
ALVGR Lagged Returns
When evaluating ALVGR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALVGR bond have on its future price. ALVGR 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, ALVGR autocorrelation shows the relationship between ALVGR bond current value and its past values and can show if there is a momentum factor associated with investing in ALVGR 35.
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 ALVGR Bond
ALVGR financial ratios help investors to determine whether ALVGR 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 ALVGR with respect to the benefits of owning ALVGR security.