Derichebourg (France) Market Value
| DBG Stock | EUR 4.49 0.17 3.65% |
| Symbol | Derichebourg |
Derichebourg '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 Derichebourg'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 Derichebourg.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Derichebourg on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Derichebourg or generate 0.0% return on investment in Derichebourg over 90 days. Derichebourg is related to or competes with Prodways Group, Claranova, DBV Technologies, Manitou BF, Ossiam Minimum, Ekinops SA, and Orapi SA. Derichebourg provides environmental services to businesses, and local and municipal authorities worldwide More
Derichebourg 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 Derichebourg'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 Derichebourg upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.53 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 2.93 |
Derichebourg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Derichebourg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Derichebourg's standard deviation. In reality, there are many statistical measures that can use Derichebourg historical prices to predict the future Derichebourg's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.38) |
Derichebourg Backtested Returns
Derichebourg secures Sharpe Ratio (or Efficiency) of -0.044, which denotes the company had a -0.044% return per unit of risk over the last 3 months. Derichebourg exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Derichebourg's Standard Deviation of 2.04, mean deviation of 1.51, and Variance of 4.16 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Derichebourg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Derichebourg is expected to be smaller as well. At this point, Derichebourg has a negative expected return of -0.0905%. Please make sure to confirm Derichebourg's kurtosis, day median price, and the relationship between the potential upside and daily balance of power , to decide if Derichebourg performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Derichebourg has weak reverse predictability. Overlapping area represents the amount of predictability between Derichebourg 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 Derichebourg price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Derichebourg price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Derichebourg lagged returns against current returns
Autocorrelation, which is Derichebourg 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 Derichebourg's stock expected returns. We can calculate the autocorrelation of Derichebourg returns to help us make a trade decision. For example, suppose you find that Derichebourg 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 |
Derichebourg 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 Derichebourg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Derichebourg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Derichebourg stock over time.
Current vs Lagged Prices |
| Timeline |
Derichebourg Lagged Returns
When evaluating Derichebourg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Derichebourg stock have on its future price. Derichebourg 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, Derichebourg autocorrelation shows the relationship between Derichebourg stock current value and its past values and can show if there is a momentum factor associated with investing in Derichebourg.
Regressed Prices |
| Timeline |
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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 Derichebourg Stock
Derichebourg financial ratios help investors to determine whether Derichebourg 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 Derichebourg with respect to the benefits of owning Derichebourg security.