Floridienne (Belgium) Market Value
| FLOB Stock | EUR 540.00 20.00 3.57% |
| Symbol | Floridienne |
Floridienne '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 Floridienne'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 Floridienne.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Floridienne on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Floridienne or generate 0.0% return on investment in Floridienne over 720 days. Floridienne is related to or competes with Brederode, Compagnie, Ackermans Van, Sofina Socit, and DIeteren Group. Floridienne S.A., through its subsidiaries, operates in the chemicals, life sciences, and gourmet food sectors in Belgiu... More
Floridienne 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 Floridienne'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 Floridienne upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.65 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 1.79 |
Floridienne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Floridienne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Floridienne's standard deviation. In reality, there are many statistical measures that can use Floridienne historical prices to predict the future Floridienne's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 1.03 |
Floridienne Backtested Returns
Floridienne secures Sharpe Ratio (or Efficiency) of -0.0884, which denotes the company had a -0.0884% return per unit of risk over the last 3 months. Floridienne exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Floridienne's Variance of 2.77, standard deviation of 1.66, and Mean Deviation of 1.13 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Floridienne are expected to decrease at a much lower rate. During the bear market, Floridienne is likely to outperform the market. At this point, Floridienne has a negative expected return of -0.15%. Please make sure to confirm Floridienne's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Floridienne performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Floridienne has modest predictability. Overlapping area represents the amount of predictability between Floridienne time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Floridienne price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Floridienne price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1192.07 |
Floridienne lagged returns against current returns
Autocorrelation, which is Floridienne 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 Floridienne's stock expected returns. We can calculate the autocorrelation of Floridienne returns to help us make a trade decision. For example, suppose you find that Floridienne 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 |
Floridienne 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 Floridienne stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Floridienne stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Floridienne stock over time.
Current vs Lagged Prices |
| Timeline |
Floridienne Lagged Returns
When evaluating Floridienne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Floridienne stock have on its future price. Floridienne 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, Floridienne autocorrelation shows the relationship between Floridienne stock current value and its past values and can show if there is a momentum factor associated with investing in Floridienne.
Regressed Prices |
| Timeline |
Pair Trading with Floridienne
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Floridienne position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Floridienne will appreciate offsetting losses from the drop in the long position's value.Moving together with Floridienne Stock
| 0.76 | TINC | TINC Comm VA | PairCorr |
| 0.75 | SOF | Sofina Socit Anonyme | PairCorr |
| 0.75 | GIMB | GIMV NV | PairCorr |
| 0.62 | HYL | Hyloris Developmentsen | PairCorr |
Moving against Floridienne Stock
The ability to find closely correlated positions to Floridienne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Floridienne when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Floridienne - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Floridienne to buy it.
The correlation of Floridienne is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Floridienne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Floridienne moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Floridienne can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Floridienne Stock Analysis
When running Floridienne's price analysis, check to measure Floridienne's 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 Floridienne is operating at the current time. Most of Floridienne's value examination focuses on studying past and present price action to predict the probability of Floridienne's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Floridienne's price. Additionally, you may evaluate how the addition of Floridienne to your portfolios can decrease your overall portfolio volatility.