Eurobio Scientific (France) Market Value
| ALERS Stock | 25.75 0.05 0.19% |
| Symbol | Eurobio |
Eurobio Scientific '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 Eurobio Scientific'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 Eurobio Scientific.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Eurobio Scientific on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Eurobio Scientific SA or generate 0.0% return on investment in Eurobio Scientific over 30 days. Eurobio Scientific is related to or competes with Virbac SA, Boiron SA, Bonduelle SCA, LNA Sante, and Ipsen SA. More
Eurobio Scientific 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 Eurobio Scientific'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 Eurobio Scientific SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3347 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.18 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.6048 |
Eurobio Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eurobio Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eurobio Scientific's standard deviation. In reality, there are many statistical measures that can use Eurobio Scientific historical prices to predict the future Eurobio Scientific's volatility.| Risk Adjusted Performance | 0.1327 | |||
| Jensen Alpha | 0.0499 | |||
| Total Risk Alpha | 8.0E-4 | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | 1.74 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eurobio Scientific'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.
Eurobio Scientific Backtested Returns
Currently, Eurobio Scientific SA is very steady. Eurobio Scientific secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eurobio Scientific SA, which you can use to evaluate the volatility of the firm. Please confirm Eurobio Scientific's Mean Deviation of 0.2273, standard deviation of 0.3353, and Coefficient Of Variation of 526.75 to check if the risk estimate we provide is consistent with the expected return of 0.0677%. Eurobio Scientific has a performance score of 16 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0308, which means not very significant fluctuations relative to the market. As returns on the market increase, Eurobio Scientific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eurobio Scientific is expected to be smaller as well. Eurobio Scientific right now shows a risk of 0.33%. Please confirm Eurobio Scientific value at risk, as well as the relationship between the skewness and day median price , to decide if Eurobio Scientific will be following its price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Eurobio Scientific SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Eurobio Scientific time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Eurobio Scientific price movement. The serial correlation of -0.03 indicates that only 3.0% of current Eurobio Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eurobio Scientific lagged returns against current returns
Autocorrelation, which is Eurobio Scientific 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 Eurobio Scientific's stock expected returns. We can calculate the autocorrelation of Eurobio Scientific returns to help us make a trade decision. For example, suppose you find that Eurobio Scientific 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 |
Eurobio Scientific 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 Eurobio Scientific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eurobio Scientific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eurobio Scientific stock over time.
Current vs Lagged Prices |
| Timeline |
Eurobio Scientific Lagged Returns
When evaluating Eurobio Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eurobio Scientific stock have on its future price. Eurobio Scientific 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, Eurobio Scientific autocorrelation shows the relationship between Eurobio Scientific stock current value and its past values and can show if there is a momentum factor associated with investing in Eurobio Scientific 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 Eurobio Stock Analysis
When running Eurobio Scientific's price analysis, check to measure Eurobio Scientific'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 Eurobio Scientific is operating at the current time. Most of Eurobio Scientific's value examination focuses on studying past and present price action to predict the probability of Eurobio Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eurobio Scientific's price. Additionally, you may evaluate how the addition of Eurobio Scientific to your portfolios can decrease your overall portfolio volatility.