Spartoo SAS (France) Market Value
| ALSPT Stock | 0.42 0.02 5.00% |
| Symbol | Spartoo |
Spartoo SAS '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 Spartoo SAS'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 Spartoo SAS.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Spartoo SAS on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Spartoo SAS or generate 0.0% return on investment in Spartoo SAS over 30 days.
Spartoo SAS 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 Spartoo SAS'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 Spartoo SAS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 18.18 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 4.26 |
Spartoo SAS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spartoo SAS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spartoo SAS's standard deviation. In reality, there are many statistical measures that can use Spartoo SAS historical prices to predict the future Spartoo SAS's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (0.89) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spartoo SAS'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.
Spartoo SAS Backtested Returns
Spartoo SAS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Spartoo SAS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spartoo SAS's Variance of 12.79, coefficient of variation of (754.09), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spartoo SAS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spartoo SAS is expected to be smaller as well. At this point, Spartoo SAS has a negative expected return of -0.57%. Please make sure to validate Spartoo SAS's total risk alpha, as well as the relationship between the kurtosis and market facilitation index , to decide if Spartoo SAS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Spartoo SAS has average predictability. Overlapping area represents the amount of predictability between Spartoo SAS time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Spartoo SAS price movement. The serial correlation of 0.48 indicates that about 48.0% of current Spartoo SAS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spartoo SAS lagged returns against current returns
Autocorrelation, which is Spartoo SAS 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 Spartoo SAS's stock expected returns. We can calculate the autocorrelation of Spartoo SAS returns to help us make a trade decision. For example, suppose you find that Spartoo SAS 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 |
Spartoo SAS 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 Spartoo SAS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spartoo SAS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spartoo SAS stock over time.
Current vs Lagged Prices |
| Timeline |
Spartoo SAS Lagged Returns
When evaluating Spartoo SAS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spartoo SAS stock have on its future price. Spartoo SAS 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, Spartoo SAS autocorrelation shows the relationship between Spartoo SAS stock current value and its past values and can show if there is a momentum factor associated with investing in Spartoo SAS.
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 Spartoo Stock Analysis
When running Spartoo SAS's price analysis, check to measure Spartoo SAS'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 Spartoo SAS is operating at the current time. Most of Spartoo SAS's value examination focuses on studying past and present price action to predict the probability of Spartoo SAS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spartoo SAS's price. Additionally, you may evaluate how the addition of Spartoo SAS to your portfolios can decrease your overall portfolio volatility.