Atelierele CFR (Romania) Market Value
| ATRD Stock | 49.20 2.30 4.47% |
| Symbol | Atelierele |
Please note, there is a significant difference between Atelierele CFR's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atelierele CFR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atelierele CFR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Atelierele CFR '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 Atelierele CFR'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 Atelierele CFR.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Atelierele CFR on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Atelierele CFR Grivita or generate 0.0% return on investment in Atelierele CFR over 390 days. More
Atelierele CFR 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 Atelierele CFR'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 Atelierele CFR Grivita upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (4.47) | |||
| Potential Upside | 2.97 |
Atelierele CFR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atelierele CFR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atelierele CFR's standard deviation. In reality, there are many statistical measures that can use Atelierele CFR historical prices to predict the future Atelierele CFR's volatility.| Risk Adjusted Performance | 0.0024 | |||
| Jensen Alpha | 0.0295 | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.0527 |
Atelierele CFR Grivita Backtested Returns
Atelierele CFR Grivita secures Sharpe Ratio (or Efficiency) of -0.0322, which signifies that the company had a -0.0322% return per unit of standard deviation over the last 3 months. Atelierele CFR Grivita exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atelierele CFR's risk adjusted performance of 0.0024, and Mean Deviation of 0.9143 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Atelierele CFR are expected to decrease at a much lower rate. During the bear market, Atelierele CFR is likely to outperform the market. At this point, Atelierele CFR Grivita has a negative expected return of -0.0735%. Please make sure to confirm Atelierele CFR's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Atelierele CFR Grivita performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Atelierele CFR Grivita has below average predictability. Overlapping area represents the amount of predictability between Atelierele CFR time series from 31st of October 2023 to 13th of May 2024 and 13th of May 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 Atelierele CFR Grivita price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Atelierele CFR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.23 |
Atelierele CFR Grivita lagged returns against current returns
Autocorrelation, which is Atelierele CFR 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 Atelierele CFR's stock expected returns. We can calculate the autocorrelation of Atelierele CFR returns to help us make a trade decision. For example, suppose you find that Atelierele CFR 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 |
Atelierele CFR 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 Atelierele CFR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atelierele CFR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atelierele CFR stock over time.
Current vs Lagged Prices |
| Timeline |
Atelierele CFR Lagged Returns
When evaluating Atelierele CFR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atelierele CFR stock have on its future price. Atelierele CFR 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, Atelierele CFR autocorrelation shows the relationship between Atelierele CFR stock current value and its past values and can show if there is a momentum factor associated with investing in Atelierele CFR Grivita.
Regressed Prices |
| Timeline |
Pair Trading with Atelierele CFR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Atelierele CFR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atelierele CFR will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Atelierele CFR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atelierele CFR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atelierele CFR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atelierele CFR Grivita to buy it.
The correlation of Atelierele CFR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atelierele CFR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atelierele CFR Grivita moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Atelierele CFR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Atelierele Stock
Atelierele CFR financial ratios help investors to determine whether Atelierele Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Atelierele with respect to the benefits of owning Atelierele CFR security.