Altustfi (Poland) Market Value
| ALI Stock | 2.31 0.16 7.44% |
| Symbol | Altustfi |
Altustfi '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 Altustfi'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 Altustfi.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Altustfi on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Altustfi or generate 0.0% return on investment in Altustfi over 720 days. Altustfi is related to or competes with LSI Software, Ultimate Games, Monnari Trade, X Trade, and Medicalg. More
Altustfi 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 Altustfi'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 Altustfi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.86 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 6.55 |
Altustfi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altustfi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altustfi's standard deviation. In reality, there are many statistical measures that can use Altustfi historical prices to predict the future Altustfi's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altustfi's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Altustfi Backtested Returns
Altustfi secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Altustfi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altustfi's Risk Adjusted Performance of (0.02), standard deviation of 3.27, and Mean Deviation of 2.28 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altustfi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altustfi is expected to be smaller as well. At this point, Altustfi has a negative expected return of -0.41%. Please make sure to confirm Altustfi's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Altustfi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Altustfi has insignificant reverse predictability. Overlapping area represents the amount of predictability between Altustfi time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Altustfi price movement. The serial correlation of -0.17 indicates that over 17.0% of current Altustfi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Altustfi lagged returns against current returns
Autocorrelation, which is Altustfi 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 Altustfi's stock expected returns. We can calculate the autocorrelation of Altustfi returns to help us make a trade decision. For example, suppose you find that Altustfi 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 |
Altustfi 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 Altustfi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altustfi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altustfi stock over time.
Current vs Lagged Prices |
| Timeline |
Altustfi Lagged Returns
When evaluating Altustfi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altustfi stock have on its future price. Altustfi 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, Altustfi autocorrelation shows the relationship between Altustfi stock current value and its past values and can show if there is a momentum factor associated with investing in Altustfi.
Regressed Prices |
| Timeline |
Pair Trading with Altustfi
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altustfi position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altustfi will appreciate offsetting losses from the drop in the long position's value.Moving together with Altustfi Stock
Moving against Altustfi Stock
| 0.58 | DVL | Develia SA | PairCorr |
| 0.58 | UCG | UniCredit SpA | PairCorr |
| 0.39 | FRO | Ferro SA | PairCorr |
| 0.34 | MCI | MCI Management SA | PairCorr |
The ability to find closely correlated positions to Altustfi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altustfi when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altustfi - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altustfi to buy it.
The correlation of Altustfi is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altustfi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altustfi moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altustfi can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Altustfi Stock Analysis
When running Altustfi's price analysis, check to measure Altustfi's 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 Altustfi is operating at the current time. Most of Altustfi's value examination focuses on studying past and present price action to predict the probability of Altustfi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altustfi's price. Additionally, you may evaluate how the addition of Altustfi to your portfolios can decrease your overall portfolio volatility.