Piscines Desjoyaux (France) Market Value
| ALPDX Stock | EUR 12.00 0.20 1.69% |
| Symbol | Piscines |
Piscines Desjoyaux '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 Piscines Desjoyaux'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 Piscines Desjoyaux.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Piscines Desjoyaux on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Piscines Desjoyaux SA or generate 0.0% return on investment in Piscines Desjoyaux over 30 days. Piscines Desjoyaux is related to or competes with SA Catana, Thermador Groupe, Trigano SA, Groupe Guillin, and Groupe LDLC. Piscines Desjoyaux SA engages in the construction, renovation, and maintenance of swimming pools in France and internati... More
Piscines Desjoyaux 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 Piscines Desjoyaux'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 Piscines Desjoyaux SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.88 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.98 |
Piscines Desjoyaux Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Piscines Desjoyaux's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Piscines Desjoyaux's standard deviation. In reality, there are many statistical measures that can use Piscines Desjoyaux historical prices to predict the future Piscines Desjoyaux's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Piscines Desjoyaux'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.
Piscines Desjoyaux Backtested Returns
Piscines Desjoyaux maintains Sharpe Ratio (i.e., Efficiency) of -0.0075, which implies the firm had a -0.0075% return per unit of risk over the last 3 months. Piscines Desjoyaux exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Piscines Desjoyaux's insignificant Risk Adjusted Performance, coefficient of variation of (13,323), and Variance of 1.02 to confirm the risk estimate we provide. The company holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Piscines Desjoyaux's returns are expected to increase less than the market. However, during the bear market, the loss of holding Piscines Desjoyaux is expected to be smaller as well. At this point, Piscines Desjoyaux has a negative expected return of -0.0076%. Please make sure to check Piscines Desjoyaux's skewness, as well as the relationship between the day median price and relative strength index , to decide if Piscines Desjoyaux performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Piscines Desjoyaux SA has virtually no predictability. Overlapping area represents the amount of predictability between Piscines Desjoyaux time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Piscines Desjoyaux price movement. The serial correlation of 0.01 indicates that just 1.0% of current Piscines Desjoyaux price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Piscines Desjoyaux lagged returns against current returns
Autocorrelation, which is Piscines Desjoyaux 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 Piscines Desjoyaux's stock expected returns. We can calculate the autocorrelation of Piscines Desjoyaux returns to help us make a trade decision. For example, suppose you find that Piscines Desjoyaux 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 |
Piscines Desjoyaux 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 Piscines Desjoyaux stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Piscines Desjoyaux stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Piscines Desjoyaux stock over time.
Current vs Lagged Prices |
| Timeline |
Piscines Desjoyaux Lagged Returns
When evaluating Piscines Desjoyaux's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Piscines Desjoyaux stock have on its future price. Piscines Desjoyaux 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, Piscines Desjoyaux autocorrelation shows the relationship between Piscines Desjoyaux stock current value and its past values and can show if there is a momentum factor associated with investing in Piscines Desjoyaux 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 Piscines Stock Analysis
When running Piscines Desjoyaux's price analysis, check to measure Piscines Desjoyaux'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 Piscines Desjoyaux is operating at the current time. Most of Piscines Desjoyaux's value examination focuses on studying past and present price action to predict the probability of Piscines Desjoyaux's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Piscines Desjoyaux's price. Additionally, you may evaluate how the addition of Piscines Desjoyaux to your portfolios can decrease your overall portfolio volatility.