Emova Group (France) Market Value
| ALEMV Stock | EUR 0.87 0.01 1.16% |
| Symbol | Emova |
Emova Group '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 Emova Group'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 Emova Group.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Emova Group on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Emova Group SA or generate 0.0% return on investment in Emova Group over 210 days. Emova Group is related to or competes with Claranova, Nextedia, Orapi SA, Acheter Louer, and Groupe Sfpi. Emova Group SA operates as a retail flower distribution company More
Emova Group 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 Emova Group'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 Emova Group SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.12 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 2.27 |
Emova Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emova Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emova Group's standard deviation. In reality, there are many statistical measures that can use Emova Group historical prices to predict the future Emova Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emova Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Emova Group SA Backtested Returns
Emova Group SA secures Sharpe Ratio (or Efficiency) of -0.0714, which denotes the company had a -0.0714% return per unit of risk over the last 3 months. Emova Group SA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Emova Group's Standard Deviation of 1.87, mean deviation of 1.08, and Variance of 3.48 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.67, which means possible diversification benefits within a given portfolio. As returns on the market increase, Emova Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Emova Group is expected to be smaller as well. At this point, Emova Group SA has a negative expected return of -0.13%. Please make sure to confirm Emova Group's variance, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Emova Group SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Emova Group SA has average predictability. Overlapping area represents the amount of predictability between Emova Group time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Emova Group SA price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Emova Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Emova Group SA lagged returns against current returns
Autocorrelation, which is Emova Group 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 Emova Group's stock expected returns. We can calculate the autocorrelation of Emova Group returns to help us make a trade decision. For example, suppose you find that Emova Group 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 |
Emova Group 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 Emova Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emova Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emova Group stock over time.
Current vs Lagged Prices |
| Timeline |
Emova Group Lagged Returns
When evaluating Emova Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emova Group stock have on its future price. Emova Group 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, Emova Group autocorrelation shows the relationship between Emova Group stock current value and its past values and can show if there is a momentum factor associated with investing in Emova Group SA.
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 Emova Stock Analysis
When running Emova Group's price analysis, check to measure Emova Group'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 Emova Group is operating at the current time. Most of Emova Group's value examination focuses on studying past and present price action to predict the probability of Emova Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emova Group's price. Additionally, you may evaluate how the addition of Emova Group to your portfolios can decrease your overall portfolio volatility.