Alandsbanken Abp (Finland) Market Value
| ALBBV Stock | EUR 33.20 0.50 1.48% |
| Symbol | Alandsbanken |
Alandsbanken Abp '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 Alandsbanken Abp'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 Alandsbanken Abp.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Alandsbanken Abp on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Alandsbanken Abp B or generate 0.0% return on investment in Alandsbanken Abp over 30 days. Alandsbanken Abp is related to or competes with Aktia Bank, Alandsbanken Abp, Oma Saastopankki, and Tokmanni Group. landsbanken Abp operates as a commercial bank in Finland and Sweden More
Alandsbanken Abp 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 Alandsbanken Abp'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 Alandsbanken Abp B upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.0766 | |||
| Maximum Drawdown | 13.14 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 3.4 |
Alandsbanken Abp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alandsbanken Abp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alandsbanken Abp's standard deviation. In reality, there are many statistical measures that can use Alandsbanken Abp historical prices to predict the future Alandsbanken Abp's volatility.| Risk Adjusted Performance | 0.0836 | |||
| Jensen Alpha | 0.227 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0803 | |||
| Treynor Ratio | (15.79) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alandsbanken Abp'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.
Alandsbanken Abp B Backtested Returns
We consider Alandsbanken Abp very steady. Alandsbanken Abp B secures Sharpe Ratio (or Efficiency) of 0.0795, which signifies that the company had a 0.0795% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Alandsbanken Abp B, which you can use to evaluate the volatility of the firm. Please confirm Alandsbanken Abp's mean deviation of 1.29, and Risk Adjusted Performance of 0.0836 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Alandsbanken Abp has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0143, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alandsbanken Abp are expected to decrease at a much lower rate. During the bear market, Alandsbanken Abp is likely to outperform the market. Alandsbanken Abp B right now shows a risk of 1.96%. Please confirm Alandsbanken Abp B coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Alandsbanken Abp B will be following its price patterns.
Auto-correlation | 0.25 |
Poor predictability
Alandsbanken Abp B has poor predictability. Overlapping area represents the amount of predictability between Alandsbanken Abp time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Alandsbanken Abp B price movement. The serial correlation of 0.25 indicates that over 25.0% of current Alandsbanken Abp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Alandsbanken Abp B lagged returns against current returns
Autocorrelation, which is Alandsbanken Abp 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 Alandsbanken Abp's stock expected returns. We can calculate the autocorrelation of Alandsbanken Abp returns to help us make a trade decision. For example, suppose you find that Alandsbanken Abp 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 |
Alandsbanken Abp 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 Alandsbanken Abp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alandsbanken Abp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alandsbanken Abp stock over time.
Current vs Lagged Prices |
| Timeline |
Alandsbanken Abp Lagged Returns
When evaluating Alandsbanken Abp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alandsbanken Abp stock have on its future price. Alandsbanken Abp 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, Alandsbanken Abp autocorrelation shows the relationship between Alandsbanken Abp stock current value and its past values and can show if there is a momentum factor associated with investing in Alandsbanken Abp B.
Regressed Prices |
| Timeline |
Pair Trading with Alandsbanken Abp
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 Alandsbanken Abp 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 Alandsbanken Abp will appreciate offsetting losses from the drop in the long position's value.Moving against Alandsbanken Stock
| 0.6 | NESTE | Neste Oil Oyj | PairCorr |
| 0.47 | ORNBV | Orion Oyj B | PairCorr |
| 0.43 | BOREO | Boreo Oyj Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Alandsbanken Abp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alandsbanken Abp 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 Alandsbanken Abp - 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 Alandsbanken Abp B to buy it.
The correlation of Alandsbanken Abp 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 Alandsbanken Abp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alandsbanken Abp B 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 Alandsbanken Abp 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 Alandsbanken Abp Correlation, Alandsbanken Abp Volatility and Alandsbanken Abp Alpha and Beta module to complement your research on Alandsbanken Abp. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Alandsbanken Stock analysis
When running Alandsbanken Abp's price analysis, check to measure Alandsbanken Abp'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 Alandsbanken Abp is operating at the current time. Most of Alandsbanken Abp's value examination focuses on studying past and present price action to predict the probability of Alandsbanken Abp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alandsbanken Abp's price. Additionally, you may evaluate how the addition of Alandsbanken Abp to your portfolios can decrease your overall portfolio volatility.
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Alandsbanken Abp 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.