SENERELECSPGDR REGS (Germany) Market Value
| ECEA Stock | EUR 11.00 0.00 0.00% |
| Symbol | SENERELECSPGDR |
SENERELECSPGDR REGS '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 SENERELECSPGDR REGS'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 SENERELECSPGDR REGS.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in SENERELECSPGDR REGS on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding SENERELECSPGDR REGS 1 or generate 0.0% return on investment in SENERELECSPGDR REGS over 30 days. SENERELECSPGDR REGS is related to or competes with PLAY2CHILL, Columbia Sportswear, USWE SPORTS, Playa Hotels, OFFICE DEPOT, and Tower Semiconductor. Societatea Energetica Electrica S.A., together with its subsidiaries, engages in the distribution and supply of electric... More
SENERELECSPGDR REGS 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 SENERELECSPGDR REGS'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 SENERELECSPGDR REGS 1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.08 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.56 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.77 |
SENERELECSPGDR REGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SENERELECSPGDR REGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SENERELECSPGDR REGS's standard deviation. In reality, there are many statistical measures that can use SENERELECSPGDR REGS historical prices to predict the future SENERELECSPGDR REGS's volatility.| Risk Adjusted Performance | 0.0187 | |||
| Jensen Alpha | 0.0681 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.12) |
SENERELECSPGDR REGS Backtested Returns
At this point, SENERELECSPGDR REGS is somewhat reliable. SENERELECSPGDR REGS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0655, which indicates the firm had a 0.0655% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for SENERELECSPGDR REGS 1, which you can use to evaluate the volatility of the company. Please validate SENERELECSPGDR REGS's risk adjusted performance of 0.0187, and Coefficient Of Variation of 6561.26 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. SENERELECSPGDR REGS has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SENERELECSPGDR REGS are expected to decrease at a much lower rate. During the bear market, SENERELECSPGDR REGS is likely to outperform the market. SENERELECSPGDR REGS currently has a risk of 2.91%. Please validate SENERELECSPGDR REGS total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if SENERELECSPGDR REGS will be following its existing price patterns.
Auto-correlation | Huge |
Perfect predictability
SENERELECSPGDR REGS 1 has perfect predictability. Overlapping area represents the amount of predictability between SENERELECSPGDR REGS time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th of December 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 SENERELECSPGDR REGS price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current SENERELECSPGDR REGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SENERELECSPGDR REGS lagged returns against current returns
Autocorrelation, which is SENERELECSPGDR REGS 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 SENERELECSPGDR REGS's stock expected returns. We can calculate the autocorrelation of SENERELECSPGDR REGS returns to help us make a trade decision. For example, suppose you find that SENERELECSPGDR REGS 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 |
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SENERELECSPGDR REGS 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 SENERELECSPGDR REGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SENERELECSPGDR REGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SENERELECSPGDR REGS stock over time.
Current vs Lagged Prices |
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SENERELECSPGDR REGS Lagged Returns
When evaluating SENERELECSPGDR REGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SENERELECSPGDR REGS stock have on its future price. SENERELECSPGDR REGS 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, SENERELECSPGDR REGS autocorrelation shows the relationship between SENERELECSPGDR REGS stock current value and its past values and can show if there is a momentum factor associated with investing in SENERELECSPGDR REGS 1.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SENERELECSPGDR Stock
SENERELECSPGDR REGS financial ratios help investors to determine whether SENERELECSPGDR 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 SENERELECSPGDR with respect to the benefits of owning SENERELECSPGDR REGS security.