Predilife (France) Market Value
| ALPRE Stock | EUR 4.36 0.08 1.87% |
| Symbol | Predilife |
Predilife '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 Predilife'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 Predilife.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Predilife on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Predilife or generate 0.0% return on investment in Predilife over 30 days. Predilife is related to or competes with Medincell, Lexibook Linguistic, and Sensorion. Predilife S.A. develops and sells medical techniques and mathematical models More
Predilife 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 Predilife'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 Predilife upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.59 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 4.0 |
Predilife Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Predilife's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Predilife's standard deviation. In reality, there are many statistical measures that can use Predilife historical prices to predict the future Predilife's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Predilife'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.
Predilife Backtested Returns
Predilife maintains Sharpe Ratio (i.e., Efficiency) of -0.0635, which implies the firm had a -0.0635% return per unit of risk over the last 3 months. Predilife exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Predilife's Coefficient Of Variation of (2,526), risk adjusted performance of (0.02), and Variance of 9.25 to confirm the risk estimate we provide. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Predilife's returns are expected to increase less than the market. However, during the bear market, the loss of holding Predilife is expected to be smaller as well. At this point, Predilife has a negative expected return of -0.19%. Please make sure to check Predilife's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if Predilife performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Predilife has average predictability. Overlapping area represents the amount of predictability between Predilife time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Predilife price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Predilife price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Predilife lagged returns against current returns
Autocorrelation, which is Predilife 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 Predilife's stock expected returns. We can calculate the autocorrelation of Predilife returns to help us make a trade decision. For example, suppose you find that Predilife 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 |
Predilife 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 Predilife stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Predilife stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Predilife stock over time.
Current vs Lagged Prices |
| Timeline |
Predilife Lagged Returns
When evaluating Predilife's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Predilife stock have on its future price. Predilife 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, Predilife autocorrelation shows the relationship between Predilife stock current value and its past values and can show if there is a momentum factor associated with investing in Predilife.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Predilife Stock Analysis
When running Predilife's price analysis, check to measure Predilife'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 Predilife is operating at the current time. Most of Predilife's value examination focuses on studying past and present price action to predict the probability of Predilife's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Predilife's price. Additionally, you may evaluate how the addition of Predilife to your portfolios can decrease your overall portfolio volatility.