Coil SANV (France) Market Value
| ALCOI Stock | EUR 3.47 0.24 7.43% |
| Symbol | Coil |
Coil SANV '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 Coil SANV'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 Coil SANV.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Coil SANV on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Coil SANV or generate 0.0% return on investment in Coil SANV over 30 days. Coil SANV is related to or competes with Encres Dubuit, Delfingen, DLSI, and EPC Groupe. N.V. provides anodizing services on aluminum flat rolled products in coil form, sheets, and panels in Europe More
Coil SANV 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 Coil SANV'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 Coil SANV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 14.79 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 4.19 |
Coil SANV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coil SANV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coil SANV's standard deviation. In reality, there are many statistical measures that can use Coil SANV historical prices to predict the future Coil SANV's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (2.03) |
Coil SANV Backtested Returns
Coil SANV secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Coil SANV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coil SANV's Mean Deviation of 1.56, standard deviation of 2.55, and Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coil SANV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coil SANV is expected to be smaller as well. At this point, Coil SANV has a negative expected return of -0.38%. Please make sure to confirm Coil SANV's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Coil SANV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Coil SANV has below average predictability. Overlapping area represents the amount of predictability between Coil SANV time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Coil SANV price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Coil SANV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Coil SANV lagged returns against current returns
Autocorrelation, which is Coil SANV 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 Coil SANV's stock expected returns. We can calculate the autocorrelation of Coil SANV returns to help us make a trade decision. For example, suppose you find that Coil SANV 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 |
Coil SANV 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 Coil SANV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coil SANV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coil SANV stock over time.
Current vs Lagged Prices |
| Timeline |
Coil SANV Lagged Returns
When evaluating Coil SANV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coil SANV stock have on its future price. Coil SANV 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, Coil SANV autocorrelation shows the relationship between Coil SANV stock current value and its past values and can show if there is a momentum factor associated with investing in Coil SANV.
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 Coil Stock Analysis
When running Coil SANV's price analysis, check to measure Coil SANV'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 Coil SANV is operating at the current time. Most of Coil SANV's value examination focuses on studying past and present price action to predict the probability of Coil SANV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coil SANV's price. Additionally, you may evaluate how the addition of Coil SANV to your portfolios can decrease your overall portfolio volatility.