Credit Agricole (France) Market Value
| ACA Stock | EUR 13.05 0.22 1.66% |
| Symbol | Credit |
Credit Agricole '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 Credit Agricole'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 Credit Agricole.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Credit Agricole on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Credit Agricole SA or generate 0.0% return on investment in Credit Agricole over 720 days. Credit Agricole is related to or competes with Societe Generale, BNP Paribas, AXA SA, Orange SA, and Carrefour. Crdit Agricole S.A. provides retail, corporate, insurance, and investment banking products and services worldwide More
Credit Agricole 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 Credit Agricole'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 Credit Agricole SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.03 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.3 |
Credit Agricole Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Credit Agricole's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Credit Agricole's standard deviation. In reality, there are many statistical measures that can use Credit Agricole historical prices to predict the future Credit Agricole's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.5907 |
Credit Agricole SA Backtested Returns
Credit Agricole SA secures Sharpe Ratio (or Efficiency) of -0.0575, which signifies that the company had a -0.0575% return per unit of standard deviation over the last 3 months. Credit Agricole SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Credit Agricole's risk adjusted performance of (0.02), and Mean Deviation of 0.8096 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0648, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Credit Agricole are expected to decrease at a much lower rate. During the bear market, Credit Agricole is likely to outperform the market. At this point, Credit Agricole SA has a negative expected return of -0.0678%. Please make sure to confirm Credit Agricole's coefficient of variation, total risk alpha, skewness, as well as the relationship between the information ratio and maximum drawdown , to decide if Credit Agricole SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Credit Agricole SA has good predictability. Overlapping area represents the amount of predictability between Credit Agricole time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Credit Agricole SA price movement. The serial correlation of 0.68 indicates that around 68.0% of current Credit Agricole price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
Credit Agricole SA lagged returns against current returns
Autocorrelation, which is Credit Agricole 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 Credit Agricole's stock expected returns. We can calculate the autocorrelation of Credit Agricole returns to help us make a trade decision. For example, suppose you find that Credit Agricole 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 |
Credit Agricole 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 Credit Agricole stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Credit Agricole stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Credit Agricole stock over time.
Current vs Lagged Prices |
| Timeline |
Credit Agricole Lagged Returns
When evaluating Credit Agricole's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Credit Agricole stock have on its future price. Credit Agricole 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, Credit Agricole autocorrelation shows the relationship between Credit Agricole stock current value and its past values and can show if there is a momentum factor associated with investing in Credit Agricole SA.
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.Other Information on Investing in Credit Stock
Credit Agricole financial ratios help investors to determine whether Credit Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Credit with respect to the benefits of owning Credit Agricole security.