A1LK34 (Brazil) Market Value
| A1LK34 Stock | BRL 414.40 73.74 21.65% |
| Symbol | A1LK34 |
A1LK34 '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 A1LK34'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 A1LK34.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in A1LK34 on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding A1LK34 or generate 0.0% return on investment in A1LK34 over 720 days. A1LK34 is related to or competes with Southwest Airlines, American Airlines, Gol Linhas, and Azul SA. Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services More
A1LK34 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 A1LK34'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 A1LK34 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2275 | |||
| Maximum Drawdown | 24.66 | |||
| Potential Upside | 3.79 |
A1LK34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for A1LK34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as A1LK34's standard deviation. In reality, there are many statistical measures that can use A1LK34 historical prices to predict the future A1LK34's volatility.| Risk Adjusted Performance | 0.1985 | |||
| Jensen Alpha | 0.9793 | |||
| Total Risk Alpha | 0.8133 | |||
| Treynor Ratio | 1.96 |
A1LK34 Backtested Returns
A1LK34 is very steady given 3 months investment horizon. A1LK34 secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of return volatility over the last 3 months. We were able to break down and interpolate twenty-two different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use A1LK34 Mean Deviation of 1.83, standard deviation of 4.23, and Variance of 17.89 to evaluate company specific risk that cannot be diversified away. A1LK34 holds a performance score of 19 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, A1LK34's returns are expected to increase less than the market. However, during the bear market, the loss of holding A1LK34 is expected to be smaller as well. Use A1LK34 information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to analyze future returns on A1LK34.
Auto-correlation | -0.43 |
Modest reverse predictability
A1LK34 has modest reverse predictability. Overlapping area represents the amount of predictability between A1LK34 time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 A1LK34 price movement. The serial correlation of -0.43 indicates that just about 43.0% of current A1LK34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1461.47 |
A1LK34 lagged returns against current returns
Autocorrelation, which is A1LK34 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 A1LK34's stock expected returns. We can calculate the autocorrelation of A1LK34 returns to help us make a trade decision. For example, suppose you find that A1LK34 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 |
A1LK34 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 A1LK34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if A1LK34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in A1LK34 stock over time.
Current vs Lagged Prices |
| Timeline |
A1LK34 Lagged Returns
When evaluating A1LK34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of A1LK34 stock have on its future price. A1LK34 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, A1LK34 autocorrelation shows the relationship between A1LK34 stock current value and its past values and can show if there is a momentum factor associated with investing in A1LK34.
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 A1LK34 Stock
A1LK34 financial ratios help investors to determine whether A1LK34 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 A1LK34 with respect to the benefits of owning A1LK34 security.