DEME Group (Belgium) Market Value
| DEME Stock | 149.00 2.20 1.50% |
| Symbol | DEME |
DEME Group '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 DEME Group'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 DEME Group.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in DEME Group on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding DEME Group NV or generate 0.0% return on investment in DEME Group over 30 days. DEME Group is related to or competes with Compagnie, DIeteren Group, Ackermans Van, Sofina Socit, and Melexis NV. More
DEME Group 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 DEME Group'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 DEME Group NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.29 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 2.53 |
DEME Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DEME Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DEME Group's standard deviation. In reality, there are many statistical measures that can use DEME Group historical prices to predict the future DEME Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.6427 |
DEME Group NV Backtested Returns
DEME Group NV secures Sharpe Ratio (or Efficiency) of -0.0698, which denotes the company had a -0.0698% return per unit of risk over the last 3 months. DEME Group NV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DEME Group's Standard Deviation of 1.87, mean deviation of 1.25, and Coefficient Of Variation of (1,168) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning DEME Group are expected to decrease at a much lower rate. During the bear market, DEME Group is likely to outperform the market. At this point, DEME Group NV has a negative expected return of -0.13%. Please make sure to confirm DEME Group's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if DEME Group NV performance from the past will be repeated in the future.
Auto-correlation | -0.89 |
Excellent reverse predictability
DEME Group NV has excellent reverse predictability. Overlapping area represents the amount of predictability between DEME Group time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 DEME Group NV price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current DEME Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 68.37 |
DEME Group NV lagged returns against current returns
Autocorrelation, which is DEME Group 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 DEME Group's stock expected returns. We can calculate the autocorrelation of DEME Group returns to help us make a trade decision. For example, suppose you find that DEME Group 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 |
DEME Group 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 DEME Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DEME Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DEME Group stock over time.
Current vs Lagged Prices |
| Timeline |
DEME Group Lagged Returns
When evaluating DEME Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DEME Group stock have on its future price. DEME Group 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, DEME Group autocorrelation shows the relationship between DEME Group stock current value and its past values and can show if there is a momentum factor associated with investing in DEME Group NV.
Regressed Prices |
| Timeline |
Pair Trading with DEME Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DEME Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DEME Group will appreciate offsetting losses from the drop in the long position's value.Moving together with DEME Stock
Moving against DEME Stock
| 0.6 | SIP | Sipef NV | PairCorr |
| 0.51 | ACKB | Ackermans Van Haaren | PairCorr |
| 0.48 | MOUR | Moury Construct SA | PairCorr |
| 0.33 | SOLB | Solvay SA | PairCorr |
The ability to find closely correlated positions to DEME Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DEME Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DEME Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DEME Group NV to buy it.
The correlation of DEME Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DEME Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DEME Group NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DEME Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for DEME Stock Analysis
When running DEME Group's price analysis, check to measure DEME Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DEME Group is operating at the current time. Most of DEME Group's value examination focuses on studying past and present price action to predict the probability of DEME Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DEME Group's price. Additionally, you may evaluate how the addition of DEME Group to your portfolios can decrease your overall portfolio volatility.