Altech Advanced (Germany) Market Value
| AMA Stock | 1.85 0.00 0.00% |
| Symbol | Altech |
Altech Advanced '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 Altech Advanced'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 Altech Advanced.
| 05/04/2024 |
| 07/28/2025 |
If you would invest 0.00 in Altech Advanced on May 4, 2024 and sell it all today you would earn a total of 0.00 from holding Altech Advanced Materials or generate 0.0% return on investment in Altech Advanced over 450 days.
Altech Advanced 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 Altech Advanced'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 Altech Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 34.13 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 4.12 |
Altech Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altech Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Altech Advanced's standard deviation. In reality, there are many statistical measures that can use Altech Advanced historical prices to predict the future Altech Advanced's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (1.23) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Altech Advanced's 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.
Altech Advanced Materials Backtested Returns
Altech Advanced Materials secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Altech Advanced Materials exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Altech Advanced's Standard Deviation of 4.21, mean deviation of 1.77, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altech Advanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altech Advanced is expected to be smaller as well. At this point, Altech Advanced Materials has a negative expected return of -0.0209%. Please make sure to confirm Altech Advanced's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Altech Advanced Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Altech Advanced Materials has good predictability. Overlapping area represents the amount of predictability between Altech Advanced time series from 4th of May 2024 to 15th of December 2024 and 15th of December 2024 to 28th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Altech Advanced Materials price movement. The serial correlation of 0.7 indicates that around 70.0% of current Altech Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Altech Advanced Materials lagged returns against current returns
Autocorrelation, which is Altech Advanced 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 Altech Advanced's stock expected returns. We can calculate the autocorrelation of Altech Advanced returns to help us make a trade decision. For example, suppose you find that Altech Advanced 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 |
Altech Advanced 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 Altech Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Altech Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Altech Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Altech Advanced Lagged Returns
When evaluating Altech Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Altech Advanced stock have on its future price. Altech Advanced 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, Altech Advanced autocorrelation shows the relationship between Altech Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Altech Advanced Materials.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Altech Stock Analysis
When running Altech Advanced's price analysis, check to measure Altech Advanced's 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 Altech Advanced is operating at the current time. Most of Altech Advanced's value examination focuses on studying past and present price action to predict the probability of Altech Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altech Advanced's price. Additionally, you may evaluate how the addition of Altech Advanced to your portfolios can decrease your overall portfolio volatility.