ALBIS Leasing (Germany) Market Value
| ALG Stock | EUR 2.18 0.02 0.93% |
| Symbol | ALBIS |
ALBIS Leasing '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 ALBIS Leasing'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 ALBIS Leasing.
| 10/26/2022 |
| 04/18/2024 |
If you would invest 0.00 in ALBIS Leasing on October 26, 2022 and sell it all today you would earn a total of 0.00 from holding ALBIS Leasing AG or generate 0.0% return on investment in ALBIS Leasing over 540 days. ALBIS Leasing is related to or competes with DIVERSIFIED ROYALTY, Superior Plus, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Identiv. Albis Leasing AG, through its subsidiaries, provides leasing solutions for SMEs in Germany More
ALBIS Leasing 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 ALBIS Leasing'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 ALBIS Leasing AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.074 | |||
| Maximum Drawdown | 10.47 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 2.02 |
ALBIS Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALBIS Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALBIS Leasing's standard deviation. In reality, there are many statistical measures that can use ALBIS Leasing historical prices to predict the future ALBIS Leasing's volatility.| Risk Adjusted Performance | 0.0781 | |||
| Jensen Alpha | 0.169 | |||
| Total Risk Alpha | 0.048 | |||
| Sortino Ratio | 0.0644 | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ALBIS Leasing'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.
ALBIS Leasing AG Backtested Returns
We consider ALBIS Leasing moderately volatile. ALBIS Leasing AG retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ALBIS Leasing, which you can use to evaluate the volatility of the firm. Please confirm ALBIS Leasing's coefficient of variation of 865.3, and Market Risk Adjusted Performance of (0.26) to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. ALBIS Leasing has a performance score of 9 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ALBIS Leasing are expected to decrease at a much lower rate. During the bear market, ALBIS Leasing is likely to outperform the market. ALBIS Leasing AG at this time owns a risk of 1.38%. Please confirm ALBIS Leasing AG market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if ALBIS Leasing AG will be following its current price history.
Auto-correlation | 0.51 |
Modest predictability
ALBIS Leasing AG has modest predictability. Overlapping area represents the amount of predictability between ALBIS Leasing time series from 26th of October 2022 to 23rd of July 2023 and 23rd of July 2023 to 18th 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 ALBIS Leasing AG price movement. The serial correlation of 0.51 indicates that about 51.0% of current ALBIS Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ALBIS Leasing AG lagged returns against current returns
Autocorrelation, which is ALBIS Leasing 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 ALBIS Leasing's stock expected returns. We can calculate the autocorrelation of ALBIS Leasing returns to help us make a trade decision. For example, suppose you find that ALBIS Leasing 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 |
ALBIS Leasing 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 ALBIS Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALBIS Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALBIS Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
ALBIS Leasing Lagged Returns
When evaluating ALBIS Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALBIS Leasing stock have on its future price. ALBIS Leasing 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, ALBIS Leasing autocorrelation shows the relationship between ALBIS Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in ALBIS Leasing AG.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ALBIS Leasing in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ALBIS Leasing's short interest history, or implied volatility extrapolated from ALBIS Leasing options trading.
Pair Trading with ALBIS Leasing
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 ALBIS Leasing 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 ALBIS Leasing will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ALBIS Leasing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALBIS Leasing 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 ALBIS Leasing - 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 ALBIS Leasing AG to buy it.
The correlation of ALBIS Leasing 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 ALBIS Leasing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ALBIS Leasing AG 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 ALBIS Leasing 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 ALBIS Leasing Correlation, ALBIS Leasing Volatility and ALBIS Leasing Alpha and Beta module to complement your research on ALBIS Leasing. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for ALBIS Stock analysis
When running ALBIS Leasing's price analysis, check to measure ALBIS Leasing'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 ALBIS Leasing is operating at the current time. Most of ALBIS Leasing's value examination focuses on studying past and present price action to predict the probability of ALBIS Leasing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALBIS Leasing's price. Additionally, you may evaluate how the addition of ALBIS Leasing to your portfolios can decrease your overall portfolio volatility.
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ALBIS Leasing 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.