Damartex (France) Market Value
| ALDAR Stock | EUR 5.82 0.24 4.30% |
| Symbol | Damartex |
Damartex '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 Damartex'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 Damartex.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Damartex on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Damartex or generate 0.0% return on investment in Damartex over 90 days. Damartex is related to or competes with SA Catana, Reworld Media, Biosynex, and Moulinvest. Damartex offers clothing and accessories for seniors primarily in France, Great-Britain, Belgium, and Switzerland More
Damartex 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 Damartex'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 Damartex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.2465 | |||
| Maximum Drawdown | 18.62 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 10.68 |
Damartex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Damartex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Damartex's standard deviation. In reality, there are many statistical measures that can use Damartex historical prices to predict the future Damartex's volatility.| Risk Adjusted Performance | 0.2243 | |||
| Jensen Alpha | 0.9657 | |||
| Total Risk Alpha | 0.4384 | |||
| Sortino Ratio | 0.3779 | |||
| Treynor Ratio | 7.15 |
Damartex Backtested Returns
Damartex is slightly risky given 3 months investment horizon. Damartex secures Sharpe Ratio (or Efficiency) of 0.28, which denotes the company had a 0.28% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.0% are justified by taking the suggested risk. Use Damartex Downside Deviation of 2.28, mean deviation of 2.32, and Coefficient Of Variation of 353.04 to evaluate company specific risk that cannot be diversified away. Damartex holds a performance score of 22 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Damartex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Damartex is expected to be smaller as well. Use Damartex total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to analyze future returns on Damartex.
Auto-correlation | -0.38 |
Poor reverse predictability
Damartex has poor reverse predictability. Overlapping area represents the amount of predictability between Damartex time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Damartex price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Damartex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Damartex lagged returns against current returns
Autocorrelation, which is Damartex 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 Damartex's stock expected returns. We can calculate the autocorrelation of Damartex returns to help us make a trade decision. For example, suppose you find that Damartex 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 |
Damartex 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 Damartex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Damartex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Damartex stock over time.
Current vs Lagged Prices |
| Timeline |
Damartex Lagged Returns
When evaluating Damartex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Damartex stock have on its future price. Damartex 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, Damartex autocorrelation shows the relationship between Damartex stock current value and its past values and can show if there is a momentum factor associated with investing in Damartex.
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 Damartex Stock Analysis
When running Damartex's price analysis, check to measure Damartex'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 Damartex is operating at the current time. Most of Damartex's value examination focuses on studying past and present price action to predict the probability of Damartex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Damartex's price. Additionally, you may evaluate how the addition of Damartex to your portfolios can decrease your overall portfolio volatility.