Currys PLC (Germany) Market Value
| CPW Stock | EUR 184.40 3.70 2.05% |
| Symbol | Currys |
Currys PLC '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 Currys PLC'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 Currys PLC.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Currys PLC on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Currys PLC or generate 0.0% return on investment in Currys PLC over 30 days. Currys PLC is related to or competes with PICKN PAY, Burlington Stores, QINGCI GAMES, Games Workshop, BURLINGTON STORES, Gaming, and Scientific Games. Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security ... More
Currys PLC 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 Currys PLC'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 Currys PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.57 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.33 |
Currys PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Currys PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Currys PLC's standard deviation. In reality, there are many statistical measures that can use Currys PLC historical prices to predict the future Currys PLC's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (33.77) |
Currys PLC Backtested Returns
Currys PLC secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Currys PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Currys PLC's insignificant Risk Adjusted Performance, mean deviation of 1.57, and Standard Deviation of 2.31 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0012, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Currys PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Currys PLC is expected to be smaller as well. At this point, Currys PLC has a negative expected return of -0.0164%. Please make sure to confirm Currys PLC's kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to decide if Currys PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Currys PLC has very good reverse predictability. Overlapping area represents the amount of predictability between Currys PLC time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Currys PLC price movement. The serial correlation of -0.68 indicates that around 68.0% of current Currys PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.71 |
Currys PLC lagged returns against current returns
Autocorrelation, which is Currys PLC 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 Currys PLC's stock expected returns. We can calculate the autocorrelation of Currys PLC returns to help us make a trade decision. For example, suppose you find that Currys PLC 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 |
Currys PLC 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 Currys PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Currys PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Currys PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Currys PLC Lagged Returns
When evaluating Currys PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Currys PLC stock have on its future price. Currys PLC 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, Currys PLC autocorrelation shows the relationship between Currys PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Currys PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Currys Stock
Currys PLC financial ratios help investors to determine whether Currys 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 Currys with respect to the benefits of owning Currys PLC security.