Esprinet SpA's market value is the price at which a share of Esprinet SpA trades on a public exchange. It measures the collective expectations of Esprinet SpA investors about its performance. Esprinet SpA is trading at 4.13 as of the 11th of January 2025. This is a 2.99% up since the beginning of the trading day. The stock's lowest day price was 4.13. With this module, you can estimate the performance of a buy and hold strategy of Esprinet SpA and determine expected loss or profit from investing in Esprinet SpA over a given investment horizon. Check out Esprinet SpA Correlation, Esprinet SpA Volatility and Esprinet SpA Alpha and Beta module to complement your research on Esprinet SpA.
Please note, there is a significant difference between Esprinet SpA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Esprinet SpA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Esprinet SpA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Esprinet 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 Esprinet SpA'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 Esprinet SpA.
0.00
12/12/2024
No Change 0.00
0.0
In 31 days
01/11/2025
0.00
If you would invest 0.00 in Esprinet SpA on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Esprinet SpA or generate 0.0% return on investment in Esprinet SpA over 30 days. Esprinet SpA is related to or competes with ARDAGH METAL, SIERRA METALS, Lamar Advertising, Yuexiu Transport, ADRIATIC METALS, Forsys Metals, and SALESFORCE INC. Esprinet S.p.A., together with its subsidiaries, engages in the wholesale distribution of information technology and con... More
Esprinet 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 Esprinet SpA'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 Esprinet SpA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Esprinet SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Esprinet SpA's standard deviation. In reality, there are many statistical measures that can use Esprinet SpA historical prices to predict the future Esprinet SpA's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Esprinet SpA. Your research has to be compared to or analyzed against Esprinet SpA's peers to derive any actionable benefits. When done correctly, Esprinet SpA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Esprinet SpA.
Esprinet SpA Backtested Returns
Esprinet SpA secures Sharpe Ratio (or Efficiency) of -0.26, which denotes the company had a -0.26% return per unit of risk over the last 3 months. Esprinet SpA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Esprinet SpA's Variance of 4.36, mean deviation of 1.59, and Standard Deviation of 2.09 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Esprinet SpA are expected to decrease at a much lower rate. During the bear market, Esprinet SpA is likely to outperform the market. At this point, Esprinet SpA has a negative expected return of -0.55%. Please make sure to confirm Esprinet SpA's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Esprinet SpA performance from the past will be repeated at some point in the near future.
Auto-correlation
0.69
Good predictability
Esprinet SpA has good predictability. Overlapping area represents the amount of predictability between Esprinet SpA time series from 12th of December 2024 to 27th of December 2024 and 27th of December 2024 to 11th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Esprinet SpA price movement. The serial correlation of 0.69 indicates that around 69.0% of current Esprinet SpA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.69
Spearman Rank Test
0.63
Residual Average
0.0
Price Variance
0.0
Esprinet SpA lagged returns against current returns
Autocorrelation, which is Esprinet SpA 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 Esprinet SpA's stock expected returns. We can calculate the autocorrelation of Esprinet SpA returns to help us make a trade decision. For example, suppose you find that Esprinet SpA 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
Esprinet 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 Esprinet SpA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Esprinet SpA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Esprinet SpA stock over time.
Current vs Lagged Prices
Timeline
Esprinet SpA Lagged Returns
When evaluating Esprinet SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Esprinet SpA stock have on its future price. Esprinet 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, Esprinet SpA autocorrelation shows the relationship between Esprinet SpA stock current value and its past values and can show if there is a momentum factor associated with investing in Esprinet SpA.
Esprinet SpA financial ratios help investors to determine whether Esprinet 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 Esprinet with respect to the benefits of owning Esprinet SpA security.