Alcon Ag Stock Market Value
| ALC Stock | USD 90.63 0.81 0.89% |
| Symbol | Alcon |
Alcon AG Price To Book Ratio
Is Health Care Equipment & Supplies space 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 0.429 | Dividend Share 0.285 | Earnings Share 2.11 | Revenue Per Share 19.382 | Quarterly Revenue Growth 0.045 |
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.
| 01/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Alcon AG on January 14, 2024 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 150 days. Alcon AG is related to or competes with Glaukos Corp, Bruker, and Anika Therapeutics. 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.
| Downside Deviation | 0.9601 | |||
| Information Ratio | 0.0423 | |||
| Maximum Drawdown | 12.03 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.47 |
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 | 0.0343 | |||
| Jensen Alpha | 0.0713 | |||
| Total Risk Alpha | 0.0805 | |||
| Sortino Ratio | 0.074 | |||
| Treynor Ratio | 0.0625 |
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 0.0615, which signifies that the company had a 0.0615% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alcon AG, which you can use to evaluate the volatility of the firm. Please confirm Alcon AG's mean deviation of 1.04, and Risk Adjusted Performance of 0.0343 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Alcon AG has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.05, which signifies a somewhat significant risk relative to the market. Alcon AG returns are very sensitive to returns on the market. As the market goes up or down, Alcon AG is expected to follow. Alcon AG right now shows a risk of 1.71%. Please confirm Alcon AG information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to decide if Alcon AG will be following its price patterns.
Auto-correlation | 0.84 |
Very good predictability
Alcon AG has very good predictability. Overlapping area represents the amount of predictability between Alcon AG time series from 14th of January 2024 to 29th of March 2024 and 29th of March 2024 to 12th of June 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 0.84 indicates that around 84.0% of current Alcon AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 22.76 |
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 |
Also Currently Popular
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 Information and Resources on Investing in Alcon Stock
When determining whether Alcon AG offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alcon AG's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alcon Ag Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alcon Ag Stock: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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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.