Egide SA (France) Market Value
| ALGID Stock | 0.39 0.01 2.63% |
| Symbol | Egide |
Egide SA '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 Egide SA'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 Egide SA.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Egide SA on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Egide SA or generate 0.0% return on investment in Egide SA over 720 days.
Egide SA 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 Egide SA'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 Egide SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.82 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 22.77 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
Egide SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Egide SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Egide SA's standard deviation. In reality, there are many statistical measures that can use Egide SA historical prices to predict the future Egide SA's volatility.| Risk Adjusted Performance | 0.0193 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1405 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Egide SA'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.
Egide SA Backtested Returns
Currently, Egide SA is out of control. Egide SA secures Sharpe Ratio (or Efficiency) of 0.0315, which denotes the company had a 0.0315% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Egide SA, which you can use to evaluate the volatility of the firm. Please confirm Egide SA's Downside Deviation of 5.82, mean deviation of 3.26, and Coefficient Of Variation of 6953.6 to check if the risk estimate we provide is consistent with the expected return of 0.14%. Egide SA has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, Egide SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Egide SA is expected to be smaller as well. Egide SA right now shows a risk of 4.56%. Please confirm Egide SA standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Egide SA will be following its price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
Egide SA has virtually no predictability. Overlapping area represents the amount of predictability between Egide SA time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Egide SA price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Egide SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Egide SA lagged returns against current returns
Autocorrelation, which is Egide SA 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 Egide SA's stock expected returns. We can calculate the autocorrelation of Egide SA returns to help us make a trade decision. For example, suppose you find that Egide SA 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 |
Egide SA 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 Egide SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Egide SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Egide SA stock over time.
Current vs Lagged Prices |
| Timeline |
Egide SA Lagged Returns
When evaluating Egide SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Egide SA stock have on its future price. Egide SA 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, Egide SA autocorrelation shows the relationship between Egide SA stock current value and its past values and can show if there is a momentum factor associated with investing in Egide 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 Egide Stock Analysis
When running Egide SA's price analysis, check to measure Egide SA'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 Egide SA is operating at the current time. Most of Egide SA's value examination focuses on studying past and present price action to predict the probability of Egide SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Egide SA's price. Additionally, you may evaluate how the addition of Egide SA to your portfolios can decrease your overall portfolio volatility.