EDreams Odigeo (Spain) Market Value
| EDR Stock | EUR 6.69 0.01 0.15% |
| Symbol | EDreams |
EDreams Odigeo '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 EDreams Odigeo'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 EDreams Odigeo.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in EDreams Odigeo on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding eDreams Odigeo SA or generate 0.0% return on investment in EDreams Odigeo over 60 days. EDreams Odigeo is related to or competes with Sacyr SA, Melia Hotels, ENCE Energa, and Solaria Energa. eDreams ODIGEO S.A., together with its subsidiaries, operates as an online travel company in Europe More
EDreams Odigeo 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 EDreams Odigeo'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 eDreams Odigeo SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.83 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.92 |
EDreams Odigeo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EDreams Odigeo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EDreams Odigeo's standard deviation. In reality, there are many statistical measures that can use EDreams Odigeo historical prices to predict the future EDreams Odigeo's volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0) |
eDreams Odigeo SA Backtested Returns
eDreams Odigeo SA secures Sharpe Ratio (or Efficiency) of -0.001, which denotes the company had a -0.001% return per unit of risk over the last 3 months. eDreams Odigeo SA exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EDreams Odigeo's Semi Deviation of 1.44, risk adjusted performance of 0.0099, and Downside Deviation of 1.58 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0614, which means not very significant fluctuations relative to the market. As returns on the market increase, EDreams Odigeo's returns are expected to increase less than the market. However, during the bear market, the loss of holding EDreams Odigeo is expected to be smaller as well. At this point, eDreams Odigeo SA has a negative expected return of -0.0015%. Please make sure to confirm EDreams Odigeo's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if eDreams Odigeo SA performance from the past will be repeated at some future point.
Auto-correlation | -0.47 |
Modest reverse predictability
eDreams Odigeo SA has modest reverse predictability. Overlapping area represents the amount of predictability between EDreams Odigeo 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 eDreams Odigeo SA price movement. The serial correlation of -0.47 indicates that about 47.0% of current EDreams Odigeo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
eDreams Odigeo SA lagged returns against current returns
Autocorrelation, which is EDreams Odigeo 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 EDreams Odigeo's stock expected returns. We can calculate the autocorrelation of EDreams Odigeo returns to help us make a trade decision. For example, suppose you find that EDreams Odigeo 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 |
EDreams Odigeo 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 EDreams Odigeo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EDreams Odigeo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EDreams Odigeo stock over time.
Current vs Lagged Prices |
| Timeline |
EDreams Odigeo Lagged Returns
When evaluating EDreams Odigeo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EDreams Odigeo stock have on its future price. EDreams Odigeo 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, EDreams Odigeo autocorrelation shows the relationship between EDreams Odigeo stock current value and its past values and can show if there is a momentum factor associated with investing in eDreams Odigeo 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 EDreams Stock
EDreams Odigeo financial ratios help investors to determine whether EDreams 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 EDreams with respect to the benefits of owning EDreams Odigeo security.