Alcon Ag Stock Market Value
| ALC Stock | USD 78.47 0.53 0.67% |
| Symbol | Alcon |
Alcon AG Price To Book Ratio
Is Alcon AG's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcon AG. If investors know Alcon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcon AG listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.783 | Dividend Share 0.285 | Earnings Share 1.96 | Revenue Per Share 19.178 | Quarterly Revenue Growth 0.083 |
The market value of Alcon AG is measured differently than its book value, which is the value of Alcon that is recorded on the company's balance sheet. Investors also form their own opinion of Alcon AG's value that differs from its market value or its book value, called intrinsic value, which is Alcon AG's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcon AG's market value can be influenced by many factors that don't directly affect Alcon AG's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alcon AG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcon AG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcon AG's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Alcon AG '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 Alcon AG'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 Alcon AG.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Alcon AG on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Alcon AG or generate 0.0% return on investment in Alcon AG over 330 days. Alcon AG is related to or competes with Teleflex Incorporated, West Pharmaceutical, ResMed, ICU Medical, Cooper Companies, AngioDynamics, and AptarGroup. Alcon Inc., an eye care company, researches, develops, manufactures, distributes, and sells eye care products for eye ca... More
Alcon AG 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 Alcon AG'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 Alcon AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.38 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.14 |
Alcon AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alcon AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alcon AG's standard deviation. In reality, there are many statistical measures that can use Alcon AG historical prices to predict the future Alcon AG's volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alcon AG'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.
Alcon AG Backtested Returns
We consider Alcon AG very steady. Alcon AG secures Sharpe Ratio (or Efficiency) of 0.0252, which signifies that the company had a 0.0252% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Alcon AG, which you can use to evaluate the volatility of the firm. Please confirm Alcon AG's mean deviation of 1.08, and Risk Adjusted Performance of 0.0013 to double-check if the risk estimate we provide is consistent with the expected return of 0.0353%. Alcon AG has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.17, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alcon AG will likely underperform. Alcon AG right now shows a risk of 1.4%. Please confirm Alcon AG total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Alcon AG will be following its price patterns.
Auto-correlation | -0.41 |
Modest reverse predictability
Alcon AG has modest reverse predictability. Overlapping area represents the amount of predictability between Alcon AG time series from 24th of May 2023 to 5th of November 2023 and 5th of November 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 Alcon AG price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Alcon AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 21.13 |
Alcon AG lagged returns against current returns
Autocorrelation, which is Alcon AG 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 Alcon AG's stock expected returns. We can calculate the autocorrelation of Alcon AG returns to help us make a trade decision. For example, suppose you find that Alcon AG 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 |
Alcon AG 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 Alcon AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alcon AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alcon AG stock over time.
Current vs Lagged Prices |
| Timeline |
Alcon AG Lagged Returns
When evaluating Alcon AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alcon AG stock have on its future price. Alcon AG 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, Alcon AG autocorrelation shows the relationship between Alcon AG stock current value and its past values and can show if there is a momentum factor associated with investing in Alcon 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 Alcon AG 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, Alcon AG's short interest history, or implied volatility extrapolated from Alcon AG options trading.
Pair Trading with Alcon AG
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 Alcon AG 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 Alcon AG will appreciate offsetting losses from the drop in the long position's value.Moving together with Alcon Stock
| 0.88 | ELMD | Electromed | PairCorr |
| 0.91 | FEMY | Femasys Financial Report 9th of May 2024 | PairCorr |
Moving against Alcon Stock
| 0.8 | IVP | Inspire Veterinary | PairCorr |
| 0.74 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
| 0.6 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
| 0.55 | DYNT | Dynatronics Financial Report 9th of May 2024 | PairCorr |
| 0.48 | AHG | Akso Health Group | PairCorr |
The ability to find closely correlated positions to Alcon AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alcon AG 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 Alcon AG - 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 Alcon AG to buy it.
The correlation of Alcon AG 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 Alcon AG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alcon 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 Alcon AG 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 Alcon AG Correlation, Alcon AG Volatility and Alcon AG Alpha and Beta module to complement your research on Alcon AG. For information on how to trade Alcon Stock refer to our How to Trade Alcon Stock guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Alcon Stock analysis
When running Alcon AG's price analysis, check to measure Alcon AG'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 Alcon AG is operating at the current time. Most of Alcon AG's value examination focuses on studying past and present price action to predict the probability of Alcon AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcon AG's price. Additionally, you may evaluate how the addition of Alcon AG to your portfolios can decrease your overall portfolio volatility.
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Alcon AG 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.