Hellenic Exchanges (Greece) Market Value
| EXAE Stock | EUR 4.31 0.01 0.23% |
| Symbol | Hellenic |
Hellenic Exchanges '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 Hellenic Exchanges' 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 Hellenic Exchanges.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hellenic Exchanges on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hellenic Exchanges or generate 0.0% return on investment in Hellenic Exchanges over 30 days. Hellenic Exchanges is related to or competes with Jumbo SA, Gr Sarantis, Aegean Airlines, and Motor Oil. Hellenic Exchanges - Athens Stock Exchange SA provides support services for the operation of Greek capital market More
Hellenic Exchanges 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 Hellenic Exchanges' 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 Hellenic Exchanges upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 5.53 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.41 |
Hellenic Exchanges Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hellenic Exchanges' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hellenic Exchanges' standard deviation. In reality, there are many statistical measures that can use Hellenic Exchanges historical prices to predict the future Hellenic Exchanges' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.66) |
Hellenic Exchanges Backtested Returns
Hellenic Exchanges holds Efficiency (Sharpe) Ratio of -0.0741, which attests that the entity had a -0.0741% return per unit of risk over the last 3 months. Hellenic Exchanges exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hellenic Exchanges' Market Risk Adjusted Performance of (0.65), risk adjusted performance of (0.07), and Standard Deviation of 1.15 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hellenic Exchanges' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hellenic Exchanges is expected to be smaller as well. At this point, Hellenic Exchanges has a negative expected return of -0.0863%. Please make sure to check out Hellenic Exchanges' treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Hellenic Exchanges performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Hellenic Exchanges has modest reverse predictability. Overlapping area represents the amount of predictability between Hellenic Exchanges time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Hellenic Exchanges price movement. The serial correlation of -0.48 indicates that about 48.0% of current Hellenic Exchanges price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hellenic Exchanges lagged returns against current returns
Autocorrelation, which is Hellenic Exchanges 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 Hellenic Exchanges' stock expected returns. We can calculate the autocorrelation of Hellenic Exchanges returns to help us make a trade decision. For example, suppose you find that Hellenic Exchanges 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 |
Hellenic Exchanges 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 Hellenic Exchanges stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hellenic Exchanges stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hellenic Exchanges stock over time.
Current vs Lagged Prices |
| Timeline |
Hellenic Exchanges Lagged Returns
When evaluating Hellenic Exchanges' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hellenic Exchanges stock have on its future price. Hellenic Exchanges 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, Hellenic Exchanges autocorrelation shows the relationship between Hellenic Exchanges stock current value and its past values and can show if there is a momentum factor associated with investing in Hellenic Exchanges .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hellenic Stock Analysis
When running Hellenic Exchanges' price analysis, check to measure Hellenic Exchanges' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hellenic Exchanges is operating at the current time. Most of Hellenic Exchanges' value examination focuses on studying past and present price action to predict the probability of Hellenic Exchanges' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hellenic Exchanges' price. Additionally, you may evaluate how the addition of Hellenic Exchanges to your portfolios can decrease your overall portfolio volatility.