Thessaloniki Water (Greece) Market Value
| EYAPS Stock | EUR 3.12 0.01 0.32% |
| Symbol | Thessaloniki |
Thessaloniki Water '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 Thessaloniki Water'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 Thessaloniki Water.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Thessaloniki Water on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Thessaloniki Water Supply or generate 0.0% return on investment in Thessaloniki Water over 540 days. Thessaloniki Water is related to or competes with Hellenic Petroleum, Mytilineos, Hellenic Telecommunicatio, Public Power, and Greek Organization. Thessaloniki Water Supply Sewerage Co S.A., doing business as EYATH S.A., provides water supply and sewerage services in... More
Thessaloniki Water 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 Thessaloniki Water'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 Thessaloniki Water Supply upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.56 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.22 |
Thessaloniki Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thessaloniki Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thessaloniki Water's standard deviation. In reality, there are many statistical measures that can use Thessaloniki Water historical prices to predict the future Thessaloniki Water's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 1.39 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thessaloniki Water'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.
Thessaloniki Water Supply Backtested Returns
Thessaloniki Water Supply owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0309, which indicates the firm had a -0.0309% return per unit of risk over the last 3 months. Thessaloniki Water Supply exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thessaloniki Water's Variance of 1.44, coefficient of variation of (3,837), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of -0.0297, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thessaloniki Water are expected to decrease at a much lower rate. During the bear market, Thessaloniki Water is likely to outperform the market. At this point, Thessaloniki Water Supply has a negative expected return of -0.0373%. Please make sure to validate Thessaloniki Water's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Thessaloniki Water Supply performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Thessaloniki Water Supply has weak predictability. Overlapping area represents the amount of predictability between Thessaloniki Water time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Thessaloniki Water Supply price movement. The serial correlation of 0.21 indicates that over 21.0% of current Thessaloniki Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thessaloniki Water Supply lagged returns against current returns
Autocorrelation, which is Thessaloniki Water 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 Thessaloniki Water's stock expected returns. We can calculate the autocorrelation of Thessaloniki Water returns to help us make a trade decision. For example, suppose you find that Thessaloniki Water 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 |
Thessaloniki Water 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 Thessaloniki Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thessaloniki Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thessaloniki Water stock over time.
Current vs Lagged Prices |
| Timeline |
Thessaloniki Water Lagged Returns
When evaluating Thessaloniki Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thessaloniki Water stock have on its future price. Thessaloniki Water 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, Thessaloniki Water autocorrelation shows the relationship between Thessaloniki Water stock current value and its past values and can show if there is a momentum factor associated with investing in Thessaloniki Water Supply.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Thessaloniki Stock
Thessaloniki Water financial ratios help investors to determine whether Thessaloniki 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 Thessaloniki with respect to the benefits of owning Thessaloniki Water security.