Societe Generale (France) Market Value
| GLE Stock | EUR 25.80 0.15 0.58% |
| Symbol | Societe |
Societe Generale '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 Societe Generale'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 Societe Generale.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Societe Generale on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Societe Generale SA or generate 0.0% return on investment in Societe Generale over 90 days. Societe Generale is related to or competes with BNP Paribas, AXA SA, Orange SA, and Carrefour. Socit Gnrale Socit anonyme provides financial services in Europe, the Americas, Asia, Oceania, Africa, and France More
Societe Generale 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 Societe Generale'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 Societe Generale SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.0919 | |||
| Maximum Drawdown | 13.58 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.57 |
Societe Generale Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Societe Generale's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Societe Generale's standard deviation. In reality, there are many statistical measures that can use Societe Generale historical prices to predict the future Societe Generale's volatility.| Risk Adjusted Performance | 0.1298 | |||
| Jensen Alpha | 0.2783 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1375 | |||
| Treynor Ratio | 2.31 |
Societe Generale Backtested Returns
Societe Generale appears to be very steady, given 3 months investment horizon. Societe Generale owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Societe Generale SA, which you can use to evaluate the volatility of the company. Please review Societe Generale's Semi Deviation of 0.945, coefficient of variation of 619.06, and Risk Adjusted Performance of 0.1298 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Societe Generale holds a performance score of 12. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Societe Generale's returns are expected to increase less than the market. However, during the bear market, the loss of holding Societe Generale is expected to be smaller as well. Please check Societe Generale's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Societe Generale's existing price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Societe Generale SA has good predictability. Overlapping area represents the amount of predictability between Societe Generale 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 Societe Generale price movement. The serial correlation of 0.73 indicates that around 73.0% of current Societe Generale price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 2.14 |
Societe Generale lagged returns against current returns
Autocorrelation, which is Societe Generale 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 Societe Generale's stock expected returns. We can calculate the autocorrelation of Societe Generale returns to help us make a trade decision. For example, suppose you find that Societe Generale 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 |
Societe Generale 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 Societe Generale stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Societe Generale stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Societe Generale stock over time.
Current vs Lagged Prices |
| Timeline |
Societe Generale Lagged Returns
When evaluating Societe Generale's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Societe Generale stock have on its future price. Societe Generale 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, Societe Generale autocorrelation shows the relationship between Societe Generale stock current value and its past values and can show if there is a momentum factor associated with investing in Societe Generale SA.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Societe Stock
Societe Generale financial ratios help investors to determine whether Societe 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 Societe with respect to the benefits of owning Societe Generale security.