Carrefour (Germany) Market Value
| CAR Stock | EUR 14.58 0.09 0.62% |
| Symbol | Carrefour |
Carrefour '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 Carrefour'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 Carrefour.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Carrefour on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Carrefour SA or generate 0.0% return on investment in Carrefour over 90 days. Carrefour is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, ... More
Carrefour 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 Carrefour'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 Carrefour SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.11 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.03 |
Carrefour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carrefour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carrefour's standard deviation. In reality, there are many statistical measures that can use Carrefour historical prices to predict the future Carrefour's volatility.| Risk Adjusted Performance | 0.0274 | |||
| Jensen Alpha | 0.1018 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.06) |
Carrefour SA Backtested Returns
At this point, Carrefour is very steady. Carrefour SA secures Sharpe Ratio (or Efficiency) of 0.0063, which signifies that the company had a 0.0063% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Carrefour SA, which you can use to evaluate the volatility of the firm. Please confirm Carrefour's Risk Adjusted Performance of 0.0274, downside deviation of 1.59, and Mean Deviation of 1.1 to double-check if the risk estimate we provide is consistent with the expected return of 0.0099%. The firm shows a Beta (market volatility) of -0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Carrefour are expected to decrease at a much lower rate. During the bear market, Carrefour is likely to outperform the market. Carrefour SA right now shows a risk of 1.57%. Please confirm Carrefour SA total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to decide if Carrefour SA will be following its price patterns.
Auto-correlation | -0.01 |
Very weak reverse predictability
Carrefour SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Carrefour time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Carrefour SA price movement. The serial correlation of -0.01 indicates that just 1.0% of current Carrefour price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Carrefour SA lagged returns against current returns
Autocorrelation, which is Carrefour 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 Carrefour's stock expected returns. We can calculate the autocorrelation of Carrefour returns to help us make a trade decision. For example, suppose you find that Carrefour 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 |
Carrefour 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 Carrefour stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carrefour stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carrefour stock over time.
Current vs Lagged Prices |
| Timeline |
Carrefour Lagged Returns
When evaluating Carrefour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carrefour stock have on its future price. Carrefour 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, Carrefour autocorrelation shows the relationship between Carrefour stock current value and its past values and can show if there is a momentum factor associated with investing in Carrefour SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Carrefour Stock
Carrefour financial ratios help investors to determine whether Carrefour 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 Carrefour with respect to the benefits of owning Carrefour security.