Aalberts Industries (Netherlands) Market Value
| AALB Stock | EUR 36.44 0.02 0.05% |
| Symbol | Aalberts |
Aalberts Industries '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 Aalberts Industries' 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 Aalberts Industries.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Aalberts Industries on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Aalberts Industries NV or generate 0.0% return on investment in Aalberts Industries over 30 days. Aalberts Industries is related to or competes with TKH Group, Koninklijke Vopak, Randstad, and SBM Offshore. The company operates through four segments Installation Technology, Material Technology, Climate Technology, and Industr... More
Aalberts Industries 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 Aalberts Industries' 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 Aalberts Industries NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 4.37 |
Aalberts Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aalberts Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aalberts Industries' standard deviation. In reality, there are many statistical measures that can use Aalberts Industries historical prices to predict the future Aalberts Industries' volatility.| Risk Adjusted Performance | 0.0399 | |||
| Jensen Alpha | 0.0296 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1712 |
Aalberts Industries Backtested Returns
Currently, Aalberts Industries NV is very steady. Aalberts Industries secures Sharpe Ratio (or Efficiency) of 0.0604, which signifies that the company had a 0.0604% return per unit of risk over the last 3 months. We have found thirty technical indicators for Aalberts Industries NV, which you can use to evaluate the volatility of the firm. Please confirm Aalberts Industries' Mean Deviation of 1.31, risk adjusted performance of 0.0399, and Downside Deviation of 1.42 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Aalberts Industries has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aalberts Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aalberts Industries is expected to be smaller as well. Aalberts Industries right now shows a risk of 1.92%. Please confirm Aalberts Industries coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Aalberts Industries will be following its price patterns.
Auto-correlation | 0.35 |
Below average predictability
Aalberts Industries NV has below average predictability. Overlapping area represents the amount of predictability between Aalberts Industries time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Aalberts Industries price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Aalberts Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Aalberts Industries lagged returns against current returns
Autocorrelation, which is Aalberts Industries 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 Aalberts Industries' stock expected returns. We can calculate the autocorrelation of Aalberts Industries returns to help us make a trade decision. For example, suppose you find that Aalberts Industries 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 |
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Aalberts Industries 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 Aalberts Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aalberts Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aalberts Industries stock over time.
Current vs Lagged Prices |
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Aalberts Industries Lagged Returns
When evaluating Aalberts Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aalberts Industries stock have on its future price. Aalberts Industries 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, Aalberts Industries autocorrelation shows the relationship between Aalberts Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Aalberts Industries NV.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Aalberts Stock Analysis
When running Aalberts Industries' price analysis, check to measure Aalberts Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aalberts Industries is operating at the current time. Most of Aalberts Industries' value examination focuses on studying past and present price action to predict the probability of Aalberts Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aalberts Industries' price. Additionally, you may evaluate how the addition of Aalberts Industries to your portfolios can decrease your overall portfolio volatility.