Arab Aluminum's market value is the price at which a share of Arab Aluminum trades on a public exchange. It measures the collective expectations of Arab Aluminum investors about its performance. Arab Aluminum is trading at 14.99 as of the 11th of December 2024. This is a 1.83 percent decrease since the beginning of the trading day. The stock's lowest day price was 14.91. With this module, you can estimate the performance of a buy and hold strategy of Arab Aluminum and determine expected loss or profit from investing in Arab Aluminum over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Arab
Arab Aluminum '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 Arab Aluminum'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 Arab Aluminum.
0.00
09/12/2024
No Change 0.00
0.0
In 2 months and 31 days
12/11/2024
0.00
If you would invest 0.00 in Arab Aluminum on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Arab Aluminum or generate 0.0% return on investment in Arab Aluminum over 90 days.
Arab Aluminum 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 Arab Aluminum'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 Arab Aluminum upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arab Aluminum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arab Aluminum's standard deviation. In reality, there are many statistical measures that can use Arab Aluminum historical prices to predict the future Arab Aluminum's volatility.
Arab Aluminum appears to be not too volatile, given 3 months investment horizon. Arab Aluminum secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Arab Aluminum, which you can use to evaluate the volatility of the firm. Please makes use of Arab Aluminum's mean deviation of 1.54, and Risk Adjusted Performance of 0.0885 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Arab Aluminum holds a performance score of 10. The firm shows a Beta (market volatility) of 0.0442, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Arab Aluminum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Arab Aluminum is expected to be smaller as well. Please check Arab Aluminum's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Arab Aluminum's price patterns will revert.
Auto-correlation
0.54
Modest predictability
Arab Aluminum has modest predictability. Overlapping area represents the amount of predictability between Arab Aluminum time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Arab Aluminum price movement. The serial correlation of 0.54 indicates that about 54.0% of current Arab Aluminum price fluctuation can be explain by its past prices.
Correlation Coefficient
0.54
Spearman Rank Test
0.52
Residual Average
0.0
Price Variance
0.15
Arab Aluminum lagged returns against current returns
Autocorrelation, which is Arab Aluminum 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 Arab Aluminum's stock expected returns. We can calculate the autocorrelation of Arab Aluminum returns to help us make a trade decision. For example, suppose you find that Arab Aluminum 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
Arab Aluminum 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 Arab Aluminum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arab Aluminum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arab Aluminum stock over time.
Current vs Lagged Prices
Timeline
Arab Aluminum Lagged Returns
When evaluating Arab Aluminum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arab Aluminum stock have on its future price. Arab Aluminum 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, Arab Aluminum autocorrelation shows the relationship between Arab Aluminum stock current value and its past values and can show if there is a momentum factor associated with investing in Arab Aluminum.
Regressed Prices
Timeline
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