Carrefour's market value is the price at which a share of Carrefour trades on a public exchange. It measures the collective expectations of Carrefour SA investors about its performance. Carrefour is trading at 14.04 as of the 1st of February 2025. This is a 1.13% down since the beginning of the trading day. The stock's lowest day price was 14.04. With this module, you can estimate the performance of a buy and hold strategy of Carrefour SA and determine expected loss or profit from investing in Carrefour over a given investment horizon. Check out Carrefour Correlation, Carrefour Volatility and Carrefour Alpha and Beta module to complement your research on Carrefour.
Please note, there is a significant difference between Carrefour's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carrefour is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carrefour'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.
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 pink sheet 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.
0.00
01/02/2025
No Change 0.00
0.0
In 31 days
02/01/2025
0.00
If you would invest 0.00 in Carrefour on January 2, 2025 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 30 days. Carrefour is related to or competes with J Sainsbury, Carrefour, Kesko Oyj, J Sainsbury, and Tesco PLC. 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 pink sheet 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.
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.
Carrefour SA secures Sharpe Ratio (or Efficiency) of -0.0605, which signifies that the company had a -0.0605 % return per unit of risk over the last 3 months. Carrefour SA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carrefour's Standard Deviation of 1.97, mean deviation of 1.05, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. 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. At this point, Carrefour SA has a negative expected return of -0.12%. Please make sure to confirm Carrefour's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Carrefour SA performance from the past will be repeated at some point in the near future.
Auto-correlation
0.40
Average predictability
Carrefour SA has average predictability. Overlapping area represents the amount of predictability between Carrefour time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Carrefour SA price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Carrefour price fluctuation can be explain by its past prices.
Correlation Coefficient
0.4
Spearman Rank Test
-0.22
Residual Average
0.0
Price Variance
0.03
Carrefour SA lagged returns against current returns
Autocorrelation, which is Carrefour pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carrefour pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carrefour pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Carrefour SA.
Other Information on Investing in Carrefour Pink Sheet
Carrefour financial ratios help investors to determine whether Carrefour Pink Sheet 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.