FreelanceCom (France) Market Value
| ALFRE Stock | EUR 2.82 0.07 2.42% |
| Symbol | FreelanceCom |
FreelanceCom '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 FreelanceCom'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 FreelanceCom.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in FreelanceCom on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding FreelanceCom or generate 0.0% return on investment in FreelanceCom over 30 days. FreelanceCom is related to or competes with Claranova, SA Catana, Mediantechn, and Groupe LDLC. Freelance.com SA provides intermediation between companies and intellectual providers in France, Germany, Britain, Moroc... More
FreelanceCom 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 FreelanceCom'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 FreelanceCom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.0129 | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 3.97 |
FreelanceCom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FreelanceCom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FreelanceCom's standard deviation. In reality, there are many statistical measures that can use FreelanceCom historical prices to predict the future FreelanceCom's volatility.| Risk Adjusted Performance | 0.0374 | |||
| Jensen Alpha | 0.0698 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0166 | |||
| Treynor Ratio | 0.2823 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FreelanceCom'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.
FreelanceCom Backtested Returns
Currently, FreelanceCom is relatively risky. FreelanceCom secures Sharpe Ratio (or Efficiency) of 0.0184, which denotes the company had a 0.0184% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for FreelanceCom, which you can use to evaluate the volatility of the firm. Please confirm FreelanceCom's Mean Deviation of 1.72, coefficient of variation of 2376.87, and Downside Deviation of 1.8 to check if the risk estimate we provide is consistent with the expected return of 0.0421%. FreelanceCom has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, FreelanceCom's returns are expected to increase less than the market. However, during the bear market, the loss of holding FreelanceCom is expected to be smaller as well. FreelanceCom right now shows a risk of 2.29%. Please confirm FreelanceCom potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if FreelanceCom will be following its price patterns.
Auto-correlation | -0.63 |
Very good reverse predictability
FreelanceCom has very good reverse predictability. Overlapping area represents the amount of predictability between FreelanceCom time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 FreelanceCom price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current FreelanceCom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
FreelanceCom lagged returns against current returns
Autocorrelation, which is FreelanceCom 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 FreelanceCom's stock expected returns. We can calculate the autocorrelation of FreelanceCom returns to help us make a trade decision. For example, suppose you find that FreelanceCom 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 |
FreelanceCom 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 FreelanceCom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FreelanceCom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FreelanceCom stock over time.
Current vs Lagged Prices |
| Timeline |
FreelanceCom Lagged Returns
When evaluating FreelanceCom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FreelanceCom stock have on its future price. FreelanceCom 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, FreelanceCom autocorrelation shows the relationship between FreelanceCom stock current value and its past values and can show if there is a momentum factor associated with investing in FreelanceCom.
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 FreelanceCom Stock Analysis
When running FreelanceCom's price analysis, check to measure FreelanceCom'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 FreelanceCom is operating at the current time. Most of FreelanceCom's value examination focuses on studying past and present price action to predict the probability of FreelanceCom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FreelanceCom's price. Additionally, you may evaluate how the addition of FreelanceCom to your portfolios can decrease your overall portfolio volatility.