Frigoglass SAIC (Greece) Market Value
| FRIGO Stock | EUR 0.21 0.01 4.55% |
| Symbol | Frigoglass |
Frigoglass SAIC '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 Frigoglass SAIC'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 Frigoglass SAIC.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Frigoglass SAIC on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Frigoglass SAIC or generate 0.0% return on investment in Frigoglass SAIC over 90 days. Frigoglass SAIC is related to or competes with Public Power, Intralot, Hellenic Petroleum, Mytilineos, and Jumbo SA. Frigoglass S.A.I.C., together with its subsidiaries, engages in the manufacturing, trading, and distribution of commerci... More
Frigoglass SAIC 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 Frigoglass SAIC'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 Frigoglass SAIC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.51 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 19.76 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 9.52 |
Frigoglass SAIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Frigoglass SAIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Frigoglass SAIC's standard deviation. In reality, there are many statistical measures that can use Frigoglass SAIC historical prices to predict the future Frigoglass SAIC's volatility.| Risk Adjusted Performance | 0.0267 | |||
| Jensen Alpha | 0.1318 | |||
| Total Risk Alpha | (0.66) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.54) |
Frigoglass SAIC Backtested Returns
At this point, Frigoglass SAIC is out of control. Frigoglass SAIC secures Sharpe Ratio (or Efficiency) of 0.0095, which denotes the company had a 0.0095% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Frigoglass SAIC, which you can use to evaluate the volatility of the firm. Please confirm Frigoglass SAIC's Coefficient Of Variation of 4181.05, mean deviation of 3.42, and Downside Deviation of 5.51 to check if the risk estimate we provide is consistent with the expected return of 0.0476%. The firm shows a Beta (market volatility) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Frigoglass SAIC are expected to decrease at a much lower rate. During the bear market, Frigoglass SAIC is likely to outperform the market. Frigoglass SAIC right now shows a risk of 4.99%. Please confirm Frigoglass SAIC total risk alpha and the relationship between the potential upside and day typical price , to decide if Frigoglass SAIC will be following its price patterns.
Auto-correlation | 0.24 |
Weak predictability
Frigoglass SAIC has weak predictability. Overlapping area represents the amount of predictability between Frigoglass SAIC time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Frigoglass SAIC price movement. The serial correlation of 0.24 indicates that over 24.0% of current Frigoglass SAIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Frigoglass SAIC lagged returns against current returns
Autocorrelation, which is Frigoglass SAIC 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 Frigoglass SAIC's stock expected returns. We can calculate the autocorrelation of Frigoglass SAIC returns to help us make a trade decision. For example, suppose you find that Frigoglass SAIC 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 |
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Frigoglass SAIC 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 Frigoglass SAIC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Frigoglass SAIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Frigoglass SAIC stock over time.
Current vs Lagged Prices |
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Frigoglass SAIC Lagged Returns
When evaluating Frigoglass SAIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Frigoglass SAIC stock have on its future price. Frigoglass SAIC 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, Frigoglass SAIC autocorrelation shows the relationship between Frigoglass SAIC stock current value and its past values and can show if there is a momentum factor associated with investing in Frigoglass SAIC.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Frigoglass Stock
Frigoglass SAIC financial ratios help investors to determine whether Frigoglass 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 Frigoglass with respect to the benefits of owning Frigoglass SAIC security.