Elis SA (France) Market Value
| ELIS Stock | EUR 19.20 0.12 0.62% |
| Symbol | Elis |
Elis SA '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 Elis SA'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 Elis SA.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Elis SA on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Elis SA or generate 0.0% return on investment in Elis SA over 30 days. Elis SA is related to or competes with Elior SCA, SPIE SA, Edenred SA, and Eiffage SA. Elis SA provides linen and work wear rental, laundry, and hygiene and well-being services in France, the United Kingdom,... More
Elis SA 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 Elis SA'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 Elis SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 17.66 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.14 |
Elis SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elis SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elis SA's standard deviation. In reality, there are many statistical measures that can use Elis SA historical prices to predict the future Elis SA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.20) |
Elis SA Backtested Returns
Elis SA secures Sharpe Ratio (or Efficiency) of -0.0706, which denotes the company had a -0.0706% return per unit of risk over the last 3 months. Elis SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elis SA's Standard Deviation of 2.77, mean deviation of 1.63, and Variance of 7.68 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.76, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elis SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elis SA is expected to be smaller as well. At this point, Elis SA has a negative expected return of -0.2%. Please make sure to confirm Elis SA's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Elis SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Elis SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Elis SA time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Elis SA price movement. The serial correlation of -0.71 indicates that around 71.0% of current Elis SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Elis SA lagged returns against current returns
Autocorrelation, which is Elis SA 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 Elis SA's stock expected returns. We can calculate the autocorrelation of Elis SA returns to help us make a trade decision. For example, suppose you find that Elis SA 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 |
Elis SA 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 Elis SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elis SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elis SA stock over time.
Current vs Lagged Prices |
| Timeline |
Elis SA Lagged Returns
When evaluating Elis SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elis SA stock have on its future price. Elis SA 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, Elis SA autocorrelation shows the relationship between Elis SA stock current value and its past values and can show if there is a momentum factor associated with investing in Elis 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 Elis Stock
Elis SA financial ratios help investors to determine whether Elis 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 Elis with respect to the benefits of owning Elis SA security.