Casino Guichard (France) Market Value
| CO Stock | EUR 1.14 0.17 12.98% |
| Symbol | Casino |
Casino Guichard '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 Casino Guichard'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 Casino Guichard.
| 08/24/2024 |
| 11/22/2024 |
If you would invest 0.00 in Casino Guichard on August 24, 2024 and sell it all today you would earn a total of 0.00 from holding Casino Guichard Perrachon or generate 0.0% return on investment in Casino Guichard over 90 days. Casino Guichard is related to or competes with Socit BIC. Casino, Guichard-Perrachon Socit Anonyme operates as a food retailer in France and internationally More
Casino Guichard 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 Casino Guichard'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 Casino Guichard Perrachon upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 22.68 | |||
| Value At Risk | (6.44) | |||
| Potential Upside | 2.45 |
Casino Guichard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Casino Guichard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Casino Guichard's standard deviation. In reality, there are many statistical measures that can use Casino Guichard historical prices to predict the future Casino Guichard's volatility.| Risk Adjusted Performance | (0.35) | |||
| Jensen Alpha | (1.79) | |||
| Total Risk Alpha | (2.25) | |||
| Treynor Ratio | (6.82) |
Casino Guichard Perrachon Backtested Returns
Casino Guichard Perrachon secures Sharpe Ratio (or Efficiency) of -0.47, which signifies that the company had a -0.47% return per unit of risk over the last 3 months. Casino Guichard Perrachon exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Casino Guichard's Standard Deviation of 3.72, risk adjusted performance of (0.35), and Mean Deviation of 2.49 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Casino Guichard's returns are expected to increase less than the market. However, during the bear market, the loss of holding Casino Guichard is expected to be smaller as well. At this point, Casino Guichard Perrachon has a negative expected return of -1.76%. Please make sure to confirm Casino Guichard's value at risk, accumulation distribution, day typical price, as well as the relationship between the skewness and rate of daily change , to decide if Casino Guichard Perrachon performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Casino Guichard Perrachon has very good predictability. Overlapping area represents the amount of predictability between Casino Guichard time series from 24th of August 2024 to 8th of October 2024 and 8th of October 2024 to 22nd 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 Casino Guichard Perrachon price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Casino Guichard price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Casino Guichard Perrachon lagged returns against current returns
Autocorrelation, which is Casino Guichard 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 Casino Guichard's stock expected returns. We can calculate the autocorrelation of Casino Guichard returns to help us make a trade decision. For example, suppose you find that Casino Guichard 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 |
Casino Guichard 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 Casino Guichard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Casino Guichard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Casino Guichard stock over time.
Current vs Lagged Prices |
| Timeline |
Casino Guichard Lagged Returns
When evaluating Casino Guichard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Casino Guichard stock have on its future price. Casino Guichard 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, Casino Guichard autocorrelation shows the relationship between Casino Guichard stock current value and its past values and can show if there is a momentum factor associated with investing in Casino Guichard Perrachon.
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.Other Information on Investing in Casino Stock
Casino Guichard financial ratios help investors to determine whether Casino 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 Casino with respect to the benefits of owning Casino Guichard security.