Sidetrade (France) Market Value
| ALBFR Stock | EUR 227.00 2.00 0.87% |
| Symbol | Sidetrade |
Sidetrade '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 Sidetrade'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 Sidetrade.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Sidetrade on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Sidetrade or generate 0.0% return on investment in Sidetrade over 720 days. Sidetrade is related to or competes with Esker SA, Lectra SA, Vetoquinol, Streamwide, and Sword Group. Sidetrade SA provides artificial intelligence solutions for marketing, sales, and financial sectors in France and intern... More
Sidetrade 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 Sidetrade'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 Sidetrade upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.22 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 4.5 |
Sidetrade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sidetrade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sidetrade's standard deviation. In reality, there are many statistical measures that can use Sidetrade historical prices to predict the future Sidetrade's volatility.| Risk Adjusted Performance | 0.02 | |||
| Jensen Alpha | 0.0531 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.14) |
Sidetrade Backtested Returns
Currently, Sidetrade is very steady. Sidetrade owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.029, which indicates the firm had a 0.029% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sidetrade, which you can use to evaluate the volatility of the company. Please validate Sidetrade's Coefficient Of Variation of 5784.87, risk adjusted performance of 0.02, and Semi Deviation of 2.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0693%. Sidetrade has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sidetrade are expected to decrease at a much lower rate. During the bear market, Sidetrade is likely to outperform the market. Sidetrade right now has a risk of 2.39%. Please validate Sidetrade standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Sidetrade will be following its existing price patterns.
Auto-correlation | 0.03 |
Virtually no predictability
Sidetrade has virtually no predictability. Overlapping area represents the amount of predictability between Sidetrade 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 Sidetrade price movement. The serial correlation of 0.03 indicates that only 3.0% of current Sidetrade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 696.08 |
Sidetrade lagged returns against current returns
Autocorrelation, which is Sidetrade 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 Sidetrade's stock expected returns. We can calculate the autocorrelation of Sidetrade returns to help us make a trade decision. For example, suppose you find that Sidetrade 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 |
Sidetrade 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 Sidetrade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sidetrade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sidetrade stock over time.
Current vs Lagged Prices |
| Timeline |
Sidetrade Lagged Returns
When evaluating Sidetrade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sidetrade stock have on its future price. Sidetrade 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, Sidetrade autocorrelation shows the relationship between Sidetrade stock current value and its past values and can show if there is a momentum factor associated with investing in Sidetrade.
Regressed Prices |
| Timeline |
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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 Tools for Sidetrade Stock Analysis
When running Sidetrade's price analysis, check to measure Sidetrade'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 Sidetrade is operating at the current time. Most of Sidetrade's value examination focuses on studying past and present price action to predict the probability of Sidetrade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sidetrade's price. Additionally, you may evaluate how the addition of Sidetrade to your portfolios can decrease your overall portfolio volatility.