Albemarle corporation ALB.US Swing Trading Analysis
US StockBasic Materials
ALB Swing Trading Score
3
24
15
Explosive Bullish
- AI analysis rates ALB with the highest swing trading score of 5.
- It is mainly due to the positive AI swing signal,along with the relatively low short-term volatility.
- Furthermore, based on historical backtesting, when entering with a swing trading score of 5 and exiting with a score of 1, resulted in 26 trades with a 46.15% win rate and an average profit/loss of 7.39%.
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
- 7.62%
- Cumulative Return
- 0.41%
- Annual Return
- 31.82%
- Volatility
- 0.01
- 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 October, 2024. (Total Trades: 132)
| ALB | Sector | US Overall Market | |
|---|---|---|---|
| Wining Rate | 43% | 43% | 43% |
| Avg Return | 0.8% | 1.5% | 2.3% |
| Avg Profit | 10.5% | 13.1% | 14.7% |
| Avg Loss | -6.7% | -7.4% | -7.3% |
| Avg Risk-Reward Ratio | 157.7% | 176.4% | 202.5% |
Update to 2024/10/21 (Daily Update)