ALEFARM BREWING (Germany) Market Value
| 902 Stock | EUR 0.16 0.02 11.11% |
| Symbol | ALEFARM |
ALEFARM BREWING '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 ALEFARM BREWING'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 ALEFARM BREWING.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in ALEFARM BREWING on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding ALEFARM BREWING DK 05 or generate 0.0% return on investment in ALEFARM BREWING over 720 days. ALEFARM BREWING is related to or competes with MOLSON RS, Superior Plus, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, Reliance Steel, and RYOHIN UNSPADR1. Alefarm Brewing AS, a craft brewery, engages in the production of beers for consumers worldwide More
ALEFARM BREWING 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 ALEFARM BREWING'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 ALEFARM BREWING DK 05 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 22.22 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 10.53 |
ALEFARM BREWING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALEFARM BREWING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALEFARM BREWING's standard deviation. In reality, there are many statistical measures that can use ALEFARM BREWING historical prices to predict the future ALEFARM BREWING's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (0.16) |
ALEFARM BREWING DK Backtested Returns
ALEFARM BREWING DK secures Sharpe Ratio (or Efficiency) of -0.0495, which signifies that the company had a -0.0495% return per unit of risk over the last 3 months. ALEFARM BREWING DK 05 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALEFARM BREWING's Standard Deviation of 5.06, risk adjusted performance of (0.01), and Mean Deviation of 3.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.93, which signifies possible diversification benefits within a given portfolio. ALEFARM BREWING returns are very sensitive to returns on the market. As the market goes up or down, ALEFARM BREWING is expected to follow. At this point, ALEFARM BREWING DK has a negative expected return of -0.24%. Please make sure to confirm ALEFARM BREWING's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if ALEFARM BREWING DK performance from the past will be repeated in the future.
Auto-correlation | -0.31 |
Poor reverse predictability
ALEFARM BREWING DK 05 has poor reverse predictability. Overlapping area represents the amount of predictability between ALEFARM BREWING time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 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 ALEFARM BREWING DK price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current ALEFARM BREWING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ALEFARM BREWING DK lagged returns against current returns
Autocorrelation, which is ALEFARM BREWING 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 ALEFARM BREWING's stock expected returns. We can calculate the autocorrelation of ALEFARM BREWING returns to help us make a trade decision. For example, suppose you find that ALEFARM BREWING 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 |
ALEFARM BREWING 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 ALEFARM BREWING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALEFARM BREWING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALEFARM BREWING stock over time.
Current vs Lagged Prices |
| Timeline |
ALEFARM BREWING Lagged Returns
When evaluating ALEFARM BREWING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALEFARM BREWING stock have on its future price. ALEFARM BREWING 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, ALEFARM BREWING autocorrelation shows the relationship between ALEFARM BREWING stock current value and its past values and can show if there is a momentum factor associated with investing in ALEFARM BREWING DK 05.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ALEFARM Stock
ALEFARM BREWING financial ratios help investors to determine whether ALEFARM 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 ALEFARM with respect to the benefits of owning ALEFARM BREWING security.