Alicorp SAA (Peru) Market Value
| ALICORC1 | 6.58 0.03 0.46% |
| Symbol | Alicorp |
Please note, there is a significant difference between Alicorp SAA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alicorp SAA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alicorp SAA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Alicorp SAA '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 Alicorp SAA'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 Alicorp SAA.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Alicorp SAA on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Alicorp SAA or generate 0.0% return on investment in Alicorp SAA over 720 days. More
Alicorp SAA 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 Alicorp SAA'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 Alicorp SAA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.67 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.56 |
Alicorp SAA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alicorp SAA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alicorp SAA's standard deviation. In reality, there are many statistical measures that can use Alicorp SAA historical prices to predict the future Alicorp SAA's volatility.| Risk Adjusted Performance | 0.0121 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0164 |
Alicorp SAA Backtested Returns
At this point, Alicorp SAA is not too volatile. Alicorp SAA secures Sharpe Ratio (or Efficiency) of 0.0012, which signifies that the company had a 0.0012% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alicorp SAA, which you can use to evaluate the volatility of the firm. Please confirm Alicorp SAA's Risk Adjusted Performance of 0.0121, mean deviation of 0.7819, and Downside Deviation of 1.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.0014%. 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, Alicorp SAA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alicorp SAA is expected to be smaller as well. Alicorp SAA right now shows a risk of 1.15%. Please confirm Alicorp SAA jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Alicorp SAA will be following its price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Alicorp SAA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Alicorp SAA time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Alicorp SAA price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Alicorp SAA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Alicorp SAA lagged returns against current returns
Autocorrelation, which is Alicorp SAA 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 Alicorp SAA's stock expected returns. We can calculate the autocorrelation of Alicorp SAA returns to help us make a trade decision. For example, suppose you find that Alicorp SAA 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 |
Alicorp SAA 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 Alicorp SAA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alicorp SAA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alicorp SAA stock over time.
Current vs Lagged Prices |
| Timeline |
Alicorp SAA Lagged Returns
When evaluating Alicorp SAA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alicorp SAA stock have on its future price. Alicorp SAA 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, Alicorp SAA autocorrelation shows the relationship between Alicorp SAA stock current value and its past values and can show if there is a momentum factor associated with investing in Alicorp SAA.
Regressed Prices |
| Timeline |
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Alicorp SAA financial ratios help investors to determine whether Alicorp 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 Alicorp with respect to the benefits of owning Alicorp SAA security.