Aalberts Industries (Netherlands) Market Value
| AALB Stock | EUR 43.20 0.80 1.82% |
| Symbol | Aalberts |
Aalberts Industries '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 Aalberts Industries' 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 Aalberts Industries.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Aalberts Industries on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Aalberts Industries NV or generate 0.0% return on investment in Aalberts Industries over 90 days. Aalberts Industries is related to or competes with TKH Group, Koninklijke Vopak, and SBM Offshore. The company operates through four segments Installation Technology, Material Technology, Climate Technology, and Industr... More
Aalberts Industries 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 Aalberts Industries' 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 Aalberts Industries NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | 0.1807 | |||
| Maximum Drawdown | 9.3 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.8 |
Aalberts Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aalberts Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aalberts Industries' standard deviation. In reality, there are many statistical measures that can use Aalberts Industries historical prices to predict the future Aalberts Industries' volatility.| Risk Adjusted Performance | 0.1482 | |||
| Jensen Alpha | 0.284 | |||
| Total Risk Alpha | 0.176 | |||
| Sortino Ratio | 0.2435 | |||
| Treynor Ratio | 0.8254 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aalberts Industries' 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.
Aalberts Industries Backtested Returns
Aalberts Industries appears to be very steady, given 3 months investment horizon. Aalberts Industries secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Aalberts Industries NV, which you can use to evaluate the volatility of the firm. Please makes use of Aalberts Industries' Mean Deviation of 0.98, downside deviation of 1.01, and Risk Adjusted Performance of 0.1482 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aalberts Industries holds a performance score of 15. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aalberts Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aalberts Industries is expected to be smaller as well. Please check Aalberts Industries' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Aalberts Industries' price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Aalberts Industries NV has virtually no predictability. Overlapping area represents the amount of predictability between Aalberts Industries time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th of April 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 Aalberts Industries price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Aalberts Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.41 |
Aalberts Industries lagged returns against current returns
Autocorrelation, which is Aalberts Industries 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 Aalberts Industries' stock expected returns. We can calculate the autocorrelation of Aalberts Industries returns to help us make a trade decision. For example, suppose you find that Aalberts Industries 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 |
Aalberts Industries 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 Aalberts Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aalberts Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aalberts Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Aalberts Industries Lagged Returns
When evaluating Aalberts Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aalberts Industries stock have on its future price. Aalberts Industries 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, Aalberts Industries autocorrelation shows the relationship between Aalberts Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Aalberts Industries NV.
Regressed Prices |
| Timeline |
Pair Trading with Aalberts Industries
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 Aalberts Industries 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 Aalberts Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Aalberts Stock
| 0.71 | CRBN | Corbion NV Earnings Call This Week | PairCorr |
| 0.73 | ALLFG | Allfunds Group Earnings Call This Week | PairCorr |
| 0.89 | IMCD | IMCD NV Earnings Call This Week | PairCorr |
Moving against Aalberts Stock
| 0.92 | BFIT | Basic Fit NV | PairCorr |
The ability to find closely correlated positions to Aalberts Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aalberts Industries 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 Aalberts Industries - 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 Aalberts Industries NV to buy it.
The correlation of Aalberts Industries 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 Aalberts Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aalberts Industries 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 Aalberts Industries 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.Check out Aalberts Industries Correlation, Aalberts Industries Volatility and Aalberts Industries Alpha and Beta module to complement your research on Aalberts Industries. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Aalberts Stock analysis
When running Aalberts Industries' price analysis, check to measure Aalberts Industries' 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 Aalberts Industries is operating at the current time. Most of Aalberts Industries' value examination focuses on studying past and present price action to predict the probability of Aalberts Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aalberts Industries' price. Additionally, you may evaluate how the addition of Aalberts Industries to your portfolios can decrease your overall portfolio volatility.
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Aalberts Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.