JC Decaux (France) Market Value
| DEC Stock | EUR 14.47 0.34 2.41% |
| Symbol | DEC |
JC Decaux '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 JC Decaux'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 JC Decaux.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in JC Decaux on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding JC Decaux SA or generate 0.0% return on investment in JC Decaux over 30 days. JC Decaux is related to or competes with Streamwide, Claranova, SA Catana, Manitou BF, Ossiam Minimum, Ekinops SA, and Orapi SA. JCDecaux SA engages in outdoor advertising activities worldwide More
JC Decaux 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 JC Decaux'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 JC Decaux SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 15.47 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.78 |
JC Decaux Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JC Decaux's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JC Decaux's standard deviation. In reality, there are many statistical measures that can use JC Decaux historical prices to predict the future JC Decaux's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (8.51) |
JC Decaux SA Backtested Returns
JC Decaux SA retains Efficiency (Sharpe Ratio) of -0.18, which attests that the company had a -0.18% return per unit of price deviation over the last 3 months. JC Decaux exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JC Decaux's Coefficient Of Variation of (560.24), market risk adjusted performance of (8.50), and Information Ratio of (0.24) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.046, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JC Decaux's returns are expected to increase less than the market. However, during the bear market, the loss of holding JC Decaux is expected to be smaller as well. At this point, JC Decaux SA has a negative expected return of -0.39%. Please make sure to check out JC Decaux's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if JC Decaux SA performance from the past will be repeated sooner or later.
Auto-correlation | 0.02 |
Virtually no predictability
JC Decaux SA has virtually no predictability. Overlapping area represents the amount of predictability between JC Decaux time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 JC Decaux SA price movement. The serial correlation of 0.02 indicates that only 2.0% of current JC Decaux price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
JC Decaux SA lagged returns against current returns
Autocorrelation, which is JC Decaux 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 JC Decaux's stock expected returns. We can calculate the autocorrelation of JC Decaux returns to help us make a trade decision. For example, suppose you find that JC Decaux 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 |
JC Decaux 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 JC Decaux stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JC Decaux stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JC Decaux stock over time.
Current vs Lagged Prices |
| Timeline |
JC Decaux Lagged Returns
When evaluating JC Decaux's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JC Decaux stock have on its future price. JC Decaux 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, JC Decaux autocorrelation shows the relationship between JC Decaux stock current value and its past values and can show if there is a momentum factor associated with investing in JC Decaux SA.
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 DEC Stock
JC Decaux financial ratios help investors to determine whether DEC 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 DEC with respect to the benefits of owning JC Decaux security.