Alliance Financial (Malaysia) Market Value
| 2488 Stock | 4.88 0.07 1.46% |
| Symbol | Alliance |
Alliance Financial '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 Alliance Financial'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 Alliance Financial.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Alliance Financial on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Alliance Financial Group or generate 0.0% return on investment in Alliance Financial over 390 days. Alliance Financial is related to or competes with Aeon Credit, Al Aqar, PMB Technology, Minetech Resources, Dufu Tech, and Sunzen Biotech. More
Alliance Financial 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 Alliance Financial'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 Alliance Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.0564 | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 1.91 |
Alliance Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alliance Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alliance Financial's standard deviation. In reality, there are many statistical measures that can use Alliance Financial historical prices to predict the future Alliance Financial's volatility.| Risk Adjusted Performance | 0.0957 | |||
| Jensen Alpha | 0.2005 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.061 | |||
| Treynor Ratio | (3.63) |
Alliance Financial Backtested Returns
Alliance Financial appears to be somewhat reliable, given 3 months investment horizon. Alliance Financial secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alliance Financial Group, which you can use to evaluate the volatility of the firm. Please makes use of Alliance Financial's Risk Adjusted Performance of 0.0957, mean deviation of 1.06, and Downside Deviation of 1.53 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alliance Financial holds a performance score of 10. The firm shows a Beta (market volatility) of -0.0537, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alliance Financial are expected to decrease at a much lower rate. During the bear market, Alliance Financial is likely to outperform the market. Please check Alliance Financial's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Alliance Financial's price patterns will revert.
Auto-correlation | 0.89 |
Very good predictability
Alliance Financial Group has very good predictability. Overlapping area represents the amount of predictability between Alliance Financial time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Alliance Financial price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Alliance Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Alliance Financial lagged returns against current returns
Autocorrelation, which is Alliance Financial 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 Alliance Financial's stock expected returns. We can calculate the autocorrelation of Alliance Financial returns to help us make a trade decision. For example, suppose you find that Alliance Financial 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 |
Alliance Financial 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 Alliance Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alliance Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alliance Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Alliance Financial Lagged Returns
When evaluating Alliance Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alliance Financial stock have on its future price. Alliance Financial 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, Alliance Financial autocorrelation shows the relationship between Alliance Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Alliance Financial Group.
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 Alliance Stock
Alliance Financial financial ratios help investors to determine whether Alliance 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 Alliance with respect to the benefits of owning Alliance Financial security.