PANDORA (Germany) Market Value
| 3P7 Stock | EUR 150.15 0.05 0.03% |
| Symbol | PANDORA |
PANDORA '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 PANDORA'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 PANDORA.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in PANDORA on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding PANDORA or generate 0.0% return on investment in PANDORA over 720 days. PANDORA is related to or competes with KINGBOARD CHEMICAL, AIR PRODCHEMICALS, WESTLAKE CHEMICAL, Mitsubishi Gas, Diamyd Medical, CompuGroup Medical, and MeVis Medical. More
PANDORA 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 PANDORA'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 PANDORA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.59 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.02 |
PANDORA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PANDORA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PANDORA's standard deviation. In reality, there are many statistical measures that can use PANDORA historical prices to predict the future PANDORA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.19) |
PANDORA Backtested Returns
PANDORA maintains Sharpe Ratio (i.e., Efficiency) of -0.0504, which implies the company had a -0.0504% return per unit of volatility over the last 3 months. PANDORA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PANDORA's variance of 1.34, and Market Risk Adjusted Performance of (0.18) to confirm the risk estimate we provide. The firm holds a Beta of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, PANDORA's returns are expected to increase less than the market. However, during the bear market, the loss of holding PANDORA is expected to be smaller as well. At this point, PANDORA has a negative expected return of -0.0586%. Please make sure to check PANDORA's maximum drawdown, daily balance of power, and the relationship between the total risk alpha and skewness , to decide if PANDORA performance from the past will be repeated in the future.
Auto-correlation | 0.65 |
Good predictability
PANDORA has good predictability. Overlapping area represents the amount of predictability between PANDORA time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 PANDORA price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current PANDORA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 185.72 |
PANDORA lagged returns against current returns
Autocorrelation, which is PANDORA 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 PANDORA's stock expected returns. We can calculate the autocorrelation of PANDORA returns to help us make a trade decision. For example, suppose you find that PANDORA 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 |
PANDORA 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 PANDORA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PANDORA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PANDORA stock over time.
Current vs Lagged Prices |
| Timeline |
PANDORA Lagged Returns
When evaluating PANDORA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PANDORA stock have on its future price. PANDORA 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, PANDORA autocorrelation shows the relationship between PANDORA stock current value and its past values and can show if there is a momentum factor associated with investing in PANDORA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for PANDORA Stock Analysis
When running PANDORA's price analysis, check to measure PANDORA'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 PANDORA is operating at the current time. Most of PANDORA's value examination focuses on studying past and present price action to predict the probability of PANDORA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PANDORA's price. Additionally, you may evaluate how the addition of PANDORA to your portfolios can decrease your overall portfolio volatility.