Albemarle corporation
US StockBasic Materials
ALB Swing Trading Score
3
24
15
Strong Bullish
- AI analysis rates ALB with a higher swing trading score of 4.
- It is mainly due to the positive AI swing signal,along with the relatively low stock price.
- Furthermore, based on historical backtesting, when entering with a swing trading score of 4 and exiting with a score of 1, resulted in 38 trades with a 50.0% win rate and an average profit/loss of 6.33%.
ALB Historical Swing Trading Score
You can use historical scores of 3 or above to observe potential performance and make investment decisions.
ALB Swing Trading Strategy Backtest
The following backtest is based on specified rules since 2007. Price chart shows buy/sell time, cumulative returns, and backtesting statistics.
Entry
Exit
The Backtest Result of ALB from 2007/01 till Now
- 206.48%
- Cumulative Return
- 6.85%
- Annual Return
- 31.10%
- Volatility
- 0.22
- Sharpe Ratio
Statistics data for entering at or above a Swing Trading score of 4 and exiting at or below a Swing Trading score of 2 from January, 2007 to December, 2023. (Total Trades: 106)
| ALB | Sector | US Overall Market | |
|---|---|---|---|
| Wining Rate | 38% | 39% | 39% |
| Avg Return | 1.9% | 1.3% | 2.6% |
| Avg Profit | 13.5% | 14.7% | 17.9% |
| Avg Loss | -5.2% | -7.3% | -7.6% |
| Avg Risk-Reward Ratio | 259.5% | 201% | 235.7% |
Update to 2023/12/5 (Monthly Update)