EssilorLuxottica (France) Market Value
| EL Stock | EUR 228.50 1.80 0.78% |
| Symbol | EssilorLuxottica |
EssilorLuxottica '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 EssilorLuxottica'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 EssilorLuxottica.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in EssilorLuxottica on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding EssilorLuxottica S A or generate 0.0% return on investment in EssilorLuxottica over 690 days. EssilorLuxottica is related to or competes with Pernod Ricard, LOreal SA, Kering SA, Hermes International, and Dassault Systemes. EssilorLuxottica Socit anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses North Am... More
EssilorLuxottica 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 EssilorLuxottica'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 EssilorLuxottica S A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.08 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.98 |
EssilorLuxottica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EssilorLuxottica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EssilorLuxottica's standard deviation. In reality, there are many statistical measures that can use EssilorLuxottica historical prices to predict the future EssilorLuxottica's volatility.| Risk Adjusted Performance | 0.0702 | |||
| Jensen Alpha | 0.0903 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.97) |
EssilorLuxottica S Backtested Returns
At this point, EssilorLuxottica is very steady. EssilorLuxottica S secures Sharpe Ratio (or Efficiency) of 0.0901, which denotes the company had a 0.0901% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for EssilorLuxottica S A, which you can use to evaluate the volatility of the firm. Please confirm EssilorLuxottica's Downside Deviation of 1.03, mean deviation of 0.8266, and Coefficient Of Variation of 1138.49 to check if the risk estimate we provide is consistent with the expected return of 0.0981%. EssilorLuxottica has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0432, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EssilorLuxottica are expected to decrease at a much lower rate. During the bear market, EssilorLuxottica is likely to outperform the market. EssilorLuxottica S right now shows a risk of 1.09%. Please confirm EssilorLuxottica S sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if EssilorLuxottica S will be following its price patterns.
Auto-correlation | 0.35 |
Below average predictability
EssilorLuxottica S A has below average predictability. Overlapping area represents the amount of predictability between EssilorLuxottica time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 EssilorLuxottica S price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current EssilorLuxottica price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 203.01 |
EssilorLuxottica S lagged returns against current returns
Autocorrelation, which is EssilorLuxottica 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 EssilorLuxottica's stock expected returns. We can calculate the autocorrelation of EssilorLuxottica returns to help us make a trade decision. For example, suppose you find that EssilorLuxottica 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 |
EssilorLuxottica 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 EssilorLuxottica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EssilorLuxottica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EssilorLuxottica stock over time.
Current vs Lagged Prices |
| Timeline |
EssilorLuxottica Lagged Returns
When evaluating EssilorLuxottica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EssilorLuxottica stock have on its future price. EssilorLuxottica 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, EssilorLuxottica autocorrelation shows the relationship between EssilorLuxottica stock current value and its past values and can show if there is a momentum factor associated with investing in EssilorLuxottica S A.
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 EssilorLuxottica Stock
EssilorLuxottica financial ratios help investors to determine whether EssilorLuxottica 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 EssilorLuxottica with respect to the benefits of owning EssilorLuxottica security.