Euroconsultants (Greece) Market Value
| EUROC Stock | EUR 1.12 0.01 0.90% |
| Symbol | Euroconsultants |
Euroconsultants '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 Euroconsultants' 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 Euroconsultants.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Euroconsultants on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Euroconsultants SA or generate 0.0% return on investment in Euroconsultants over 30 days. Euroconsultants is related to or competes with Intralot, Motor Oil, Frigoglass SAIC, Piraeus Port, and Thrace Plastics. Euroconsultants S.A. provides consulting services primarily in the areas of innovation and technology to public and priv... More
Euroconsultants 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 Euroconsultants' 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 Euroconsultants SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.36 |
Euroconsultants Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Euroconsultants' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euroconsultants' standard deviation. In reality, there are many statistical measures that can use Euroconsultants historical prices to predict the future Euroconsultants' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 2.87 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Euroconsultants' 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.
Euroconsultants SA Backtested Returns
Euroconsultants SA secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Euroconsultants SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Euroconsultants' Standard Deviation of 1.6, variance of 2.54, and Mean Deviation of 1.21 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0653, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Euroconsultants are expected to decrease at a much lower rate. During the bear market, Euroconsultants is likely to outperform the market. At this point, Euroconsultants SA has a negative expected return of -0.23%. Please make sure to confirm Euroconsultants' potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Euroconsultants SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Euroconsultants SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Euroconsultants 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 Euroconsultants SA price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Euroconsultants price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Euroconsultants SA lagged returns against current returns
Autocorrelation, which is Euroconsultants 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 Euroconsultants' stock expected returns. We can calculate the autocorrelation of Euroconsultants returns to help us make a trade decision. For example, suppose you find that Euroconsultants 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 |
Euroconsultants 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 Euroconsultants stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euroconsultants stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euroconsultants stock over time.
Current vs Lagged Prices |
| Timeline |
Euroconsultants Lagged Returns
When evaluating Euroconsultants' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euroconsultants stock have on its future price. Euroconsultants 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, Euroconsultants autocorrelation shows the relationship between Euroconsultants stock current value and its past values and can show if there is a momentum factor associated with investing in Euroconsultants SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Euroconsultants Stock
Euroconsultants financial ratios help investors to determine whether Euroconsultants 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 Euroconsultants with respect to the benefits of owning Euroconsultants security.