Aquafil Spa Stock Market Value
| ECNLF Stock | USD 1.30 0.51 28.18% |
| Symbol | Aquafil |
Aquafil SpA '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 Aquafil SpA's otc 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 Aquafil SpA.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aquafil SpA on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Aquafil SpA or generate 0.0% return on investment in Aquafil SpA over 60 days. Aquafil SpA is related to or competes with Unifi, Albany International, Sumitomo Electric, Sekisui House, Tokyo Electron, and Astra International. Aquafil S.p.A., together with its subsidiaries, engages in the production, reprocessing, and sale of polyamide 6 fibers ... More
Aquafil SpA 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 Aquafil SpA's otc 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 Aquafil SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 32.45 |
Aquafil SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aquafil SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aquafil SpA's standard deviation. In reality, there are many statistical measures that can use Aquafil SpA historical prices to predict the future Aquafil SpA's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (1.35) | |||
| Total Risk Alpha | (2.15) | |||
| Treynor Ratio | (1.40) |
Aquafil SpA Backtested Returns
Aquafil SpA secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the company had a -0.22% return per unit of risk over the last 3 months. Aquafil SpA exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aquafil SpA's Standard Deviation of 5.8, risk adjusted performance of (0.15), and Mean Deviation of 2.36 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. Aquafil SpA returns are very sensitive to returns on the market. As the market goes up or down, Aquafil SpA is expected to follow. At this point, Aquafil SpA has a negative expected return of -1.29%. Please make sure to confirm Aquafil SpA's total risk alpha, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Aquafil SpA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Aquafil SpA has no correlation between past and present. Overlapping area represents the amount of predictability between Aquafil SpA time series from 27th of September 2024 to 27th of October 2024 and 27th 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 Aquafil SpA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Aquafil SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Aquafil SpA lagged returns against current returns
Autocorrelation, which is Aquafil SpA otc 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 Aquafil SpA's otc stock expected returns. We can calculate the autocorrelation of Aquafil SpA returns to help us make a trade decision. For example, suppose you find that Aquafil SpA has exhibited high autocorrelation historically, and you observe that the otc 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 |
Aquafil SpA 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 Aquafil SpA otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aquafil SpA otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aquafil SpA otc stock over time.
Current vs Lagged Prices |
| Timeline |
Aquafil SpA Lagged Returns
When evaluating Aquafil SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aquafil SpA otc stock have on its future price. Aquafil SpA 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, Aquafil SpA autocorrelation shows the relationship between Aquafil SpA otc stock current value and its past values and can show if there is a momentum factor associated with investing in Aquafil SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aquafil OTC Stock
Aquafil SpA financial ratios help investors to determine whether Aquafil OTC 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 Aquafil with respect to the benefits of owning Aquafil SpA security.