A1LN34 (Brazil) Market Value
| A1LN34 Stock | BRL 73.50 0.84 1.16% |
| Symbol | A1LN34 |
A1LN34 '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 A1LN34'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 A1LN34.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in A1LN34 on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding A1LN34 or generate 0.0% return on investment in A1LN34 over 30 days. A1LN34 is related to or competes with Novo Nordisk, Vertex Pharmaceuticals, Moderna, BIONTECH, BeiGene, Bio Techne, and Ascendis Pharma. Alnylam Pharmaceuticals, Inc., a biopharmaceutical company, focuses on discovering, developing, and commercializing RNA ... More
A1LN34 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 A1LN34'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 A1LN34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.37 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.2 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 3.15 |
A1LN34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for A1LN34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as A1LN34's standard deviation. In reality, there are many statistical measures that can use A1LN34 historical prices to predict the future A1LN34's volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.01) |
A1LN34 Backtested Returns
At this point, A1LN34 is very steady. A1LN34 secures Sharpe Ratio (or Efficiency) of 0.0101, which signifies that the company had a 0.0101% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for A1LN34, which you can use to evaluate the volatility of the entity. Please confirm A1LN34's Downside Deviation of 3.37, coefficient of variation of 30211.46, and Mean Deviation of 1.73 to double-check if the risk estimate we provide is consistent with the expected return of 0.0279%. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, A1LN34's returns are expected to increase less than the market. However, during the bear market, the loss of holding A1LN34 is expected to be smaller as well. A1LN34 today shows a risk of 2.75%. Please confirm A1LN34 coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if A1LN34 will be following its price patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
A1LN34 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between A1LN34 time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 A1LN34 price movement. The serial correlation of -0.74 indicates that around 74.0% of current A1LN34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.73 |
A1LN34 lagged returns against current returns
Autocorrelation, which is A1LN34 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 A1LN34's stock expected returns. We can calculate the autocorrelation of A1LN34 returns to help us make a trade decision. For example, suppose you find that A1LN34 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 |
A1LN34 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 A1LN34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if A1LN34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in A1LN34 stock over time.
Current vs Lagged Prices |
| Timeline |
A1LN34 Lagged Returns
When evaluating A1LN34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of A1LN34 stock have on its future price. A1LN34 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, A1LN34 autocorrelation shows the relationship between A1LN34 stock current value and its past values and can show if there is a momentum factor associated with investing in A1LN34.
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 A1LN34 Stock
A1LN34 financial ratios help investors to determine whether A1LN34 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 A1LN34 with respect to the benefits of owning A1LN34 security.