ALUWORKS (Ghana) Market Value
| ALW Stock | 0.10 0.00 0.00% |
| Symbol | ALUWORKS |
ALUWORKS '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 ALUWORKS'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 ALUWORKS.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ALUWORKS on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ALUWORKS LTD or generate 0.0% return on investment in ALUWORKS over 30 days.
ALUWORKS 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 ALUWORKS'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 ALUWORKS LTD upside and downside potential and time the market with a certain degree of confidence.
ALUWORKS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALUWORKS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALUWORKS's standard deviation. In reality, there are many statistical measures that can use ALUWORKS historical prices to predict the future ALUWORKS's volatility.ALUWORKS LTD Backtested Returns
We have found three technical indicators for ALUWORKS LTD, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and ALUWORKS are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
ALUWORKS LTD has perfect predictability. Overlapping area represents the amount of predictability between ALUWORKS time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 ALUWORKS LTD price movement. The serial correlation of 1.0 indicates that 100.0% of current ALUWORKS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ALUWORKS LTD lagged returns against current returns
Autocorrelation, which is ALUWORKS 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 ALUWORKS's stock expected returns. We can calculate the autocorrelation of ALUWORKS returns to help us make a trade decision. For example, suppose you find that ALUWORKS 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 |
ALUWORKS 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 ALUWORKS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALUWORKS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALUWORKS stock over time.
Current vs Lagged Prices |
| Timeline |
ALUWORKS Lagged Returns
When evaluating ALUWORKS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALUWORKS stock have on its future price. ALUWORKS 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, ALUWORKS autocorrelation shows the relationship between ALUWORKS stock current value and its past values and can show if there is a momentum factor associated with investing in ALUWORKS LTD.
Regressed Prices |
| Timeline |