Eurofins Scientific Se Stock Market Value
| ERFSF Stock | USD 48.45 0.91 1.91% |
| Symbol | Eurofins |
Eurofins Scientific '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 Eurofins Scientific's pink sheet 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 Eurofins Scientific.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Eurofins Scientific on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Eurofins Scientific SE or generate 0.0% return on investment in Eurofins Scientific over 30 days. Eurofins Scientific is related to or competes with Thermo Fisher, Illumina, Danaher, Waters, IDEXX Laboratories, Agilent Technologies, and Guardant Health. Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worl... More
Eurofins Scientific 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 Eurofins Scientific's pink sheet 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 Eurofins Scientific SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 21.09 | |||
| Value At Risk | (7.55) | |||
| Potential Upside | 5.86 |
Eurofins Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eurofins Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eurofins Scientific's standard deviation. In reality, there are many statistical measures that can use Eurofins Scientific historical prices to predict the future Eurofins Scientific's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eurofins Scientific's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Eurofins Scientific Backtested Returns
Eurofins Scientific secures Sharpe Ratio (or Efficiency) of -0.023, which denotes the company had a -0.023% return per unit of risk over the last 3 months. Eurofins Scientific SE exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eurofins Scientific's Variance of 16.89, standard deviation of 4.11, and Mean Deviation of 3.15 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.56, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eurofins Scientific will likely underperform. At this point, Eurofins Scientific has a negative expected return of -0.0929%. Please make sure to confirm Eurofins Scientific's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Eurofins Scientific performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Eurofins Scientific SE has poor reverse predictability. Overlapping area represents the amount of predictability between Eurofins Scientific time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Eurofins Scientific price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Eurofins Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Eurofins Scientific lagged returns against current returns
Autocorrelation, which is Eurofins Scientific pink sheet'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 Eurofins Scientific's pink sheet expected returns. We can calculate the autocorrelation of Eurofins Scientific returns to help us make a trade decision. For example, suppose you find that Eurofins Scientific has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Eurofins Scientific 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 Eurofins Scientific pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eurofins Scientific pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eurofins Scientific pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eurofins Scientific Lagged Returns
When evaluating Eurofins Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eurofins Scientific pink sheet have on its future price. Eurofins Scientific 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, Eurofins Scientific autocorrelation shows the relationship between Eurofins Scientific pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eurofins Scientific SE.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eurofins Pink Sheet
Eurofins Scientific financial ratios help investors to determine whether Eurofins Pink Sheet 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 Eurofins with respect to the benefits of owning Eurofins Scientific security.