Alro Slatina (Romania) Market Value
| ALR Stock | 1.55 0.01 0.64% |
| Symbol | Alro |
Please note, there is a significant difference between Alro Slatina's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alro Slatina is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alro Slatina'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.
Alro Slatina '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 Alro Slatina'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 Alro Slatina.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Alro Slatina on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Alro Slatina or generate 0.0% return on investment in Alro Slatina over 390 days. More
Alro Slatina 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 Alro Slatina'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 Alro Slatina upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.37 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.65 |
Alro Slatina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alro Slatina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alro Slatina's standard deviation. In reality, there are many statistical measures that can use Alro Slatina historical prices to predict the future Alro Slatina's volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.6803 |
Alro Slatina Backtested Returns
As of now, Alro Stock is relatively risky. Alro Slatina secures Sharpe Ratio (or Efficiency) of 0.0291, which signifies that the company had a 0.0291% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alro Slatina, which you can use to evaluate the volatility of the firm. Please confirm Alro Slatina's Mean Deviation of 0.9105, risk adjusted performance of 0.0415, and Downside Deviation of 1.58 to double-check if the risk estimate we provide is consistent with the expected return of 0.0397%. Alro Slatina has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0865, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alro Slatina's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alro Slatina is expected to be smaller as well. Alro Slatina right now shows a risk of 1.37%. Please confirm Alro Slatina semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Alro Slatina will be following its price patterns.
Auto-correlation | 0.54 |
Modest predictability
Alro Slatina has modest predictability. Overlapping area represents the amount of predictability between Alro Slatina time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Alro Slatina price movement. The serial correlation of 0.54 indicates that about 54.0% of current Alro Slatina price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alro Slatina lagged returns against current returns
Autocorrelation, which is Alro Slatina 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 Alro Slatina's stock expected returns. We can calculate the autocorrelation of Alro Slatina returns to help us make a trade decision. For example, suppose you find that Alro Slatina 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 |
Alro Slatina 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 Alro Slatina stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alro Slatina stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alro Slatina stock over time.
Current vs Lagged Prices |
| Timeline |
Alro Slatina Lagged Returns
When evaluating Alro Slatina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alro Slatina stock have on its future price. Alro Slatina 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, Alro Slatina autocorrelation shows the relationship between Alro Slatina stock current value and its past values and can show if there is a momentum factor associated with investing in Alro Slatina.
Regressed Prices |
| Timeline |
Pair Trading with Alro Slatina
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 Alro Slatina 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 Alro Slatina will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Alro Slatina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alro Slatina 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 Alro Slatina - 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 Alro Slatina to buy it.
The correlation of Alro Slatina 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 Alro Slatina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alro Slatina 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 Alro Slatina 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.Other Information on Investing in Alro Stock
Alro Slatina financial ratios help investors to determine whether Alro 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 Alro with respect to the benefits of owning Alro Slatina security.