Greek Organization (Germany) Market Value
| GF8 Stock | EUR 15.80 0.33 2.13% |
| Symbol | Greek |
Greek Organization '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 Greek Organization'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 Greek Organization.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Greek Organization on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Greek Organization of or generate 0.0% return on investment in Greek Organization over 30 days. Greek Organization is related to or competes with Flutter Entertainment, Evolution, Churchill Downs, Churchill Downs, Scientific Games, International Game, and Sankyo. Greek Organization of Football Prognostics S.A., together with its subsidiaries, operates and manages numerical lottery ... More
Greek Organization 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 Greek Organization'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 Greek Organization of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.29 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.54 |
Greek Organization Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greek Organization's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greek Organization's standard deviation. In reality, there are many statistical measures that can use Greek Organization historical prices to predict the future Greek Organization's volatility.| Risk Adjusted Performance | 0.0497 | |||
| Jensen Alpha | 0.0768 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.4683 |
Greek Organization Backtested Returns
At this point, Greek Organization is not too volatile. Greek Organization holds Efficiency (Sharpe) Ratio of 0.0478, which attests that the entity had a 0.0478% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Greek Organization, which you can use to evaluate the volatility of the firm. Please check out Greek Organization's Risk Adjusted Performance of 0.0497, downside deviation of 1.56, and Market Risk Adjusted Performance of 0.4783 to validate if the risk estimate we provide is consistent with the expected return of 0.0937%. Greek Organization has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Greek Organization's returns are expected to increase less than the market. However, during the bear market, the loss of holding Greek Organization is expected to be smaller as well. Greek Organization right now retains a risk of 1.96%. Please check out Greek Organization coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if Greek Organization will be following its current trending patterns.
Auto-correlation | -0.41 |
Modest reverse predictability
Greek Organization of has modest reverse predictability. Overlapping area represents the amount of predictability between Greek Organization time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Greek Organization price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Greek Organization price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Greek Organization lagged returns against current returns
Autocorrelation, which is Greek Organization 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 Greek Organization's stock expected returns. We can calculate the autocorrelation of Greek Organization returns to help us make a trade decision. For example, suppose you find that Greek Organization 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 |
Greek Organization 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 Greek Organization stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greek Organization stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greek Organization stock over time.
Current vs Lagged Prices |
| Timeline |
Greek Organization Lagged Returns
When evaluating Greek Organization's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greek Organization stock have on its future price. Greek Organization 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, Greek Organization autocorrelation shows the relationship between Greek Organization stock current value and its past values and can show if there is a momentum factor associated with investing in Greek Organization of.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Greek Stock
Greek Organization financial ratios help investors to determine whether Greek 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 Greek with respect to the benefits of owning Greek Organization security.