Glenveagh Properties (Ireland) Market Value
| GVR Stock | EUR 1.52 0.01 0.65% |
| Symbol | Glenveagh |
Glenveagh Properties '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 Glenveagh Properties' 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 Glenveagh Properties.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Glenveagh Properties on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Glenveagh Properties PLC or generate 0.0% return on investment in Glenveagh Properties over 60 days. Glenveagh Properties is related to or competes with Dalata Hotel, AIB Group, Irish Residential, and Bank of Ireland. More
Glenveagh Properties 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 Glenveagh Properties' 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 Glenveagh Properties PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.06 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.01 |
Glenveagh Properties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glenveagh Properties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glenveagh Properties' standard deviation. In reality, there are many statistical measures that can use Glenveagh Properties historical prices to predict the future Glenveagh Properties' volatility.| Risk Adjusted Performance | 0.0607 | |||
| Jensen Alpha | 0.0837 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.5581 |
Glenveagh Properties PLC Backtested Returns
Currently, Glenveagh Properties PLC is unstable. Glenveagh Properties PLC holds Efficiency (Sharpe) Ratio of 0.0598, which attests that the entity had a 0.0598% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Glenveagh Properties PLC, which you can use to evaluate the volatility of the firm. Please check out Glenveagh Properties' Downside Deviation of 1.6, market risk adjusted performance of 0.5681, and Risk Adjusted Performance of 0.0607 to validate if the risk estimate we provide is consistent with the expected return of 0.0956%. Glenveagh Properties has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Glenveagh Properties' returns are expected to increase less than the market. However, during the bear market, the loss of holding Glenveagh Properties is expected to be smaller as well. Glenveagh Properties PLC right now retains a risk of 1.6%. Please check out Glenveagh Properties total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Glenveagh Properties will be following its current trending patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
Glenveagh Properties PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between Glenveagh Properties time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Glenveagh Properties PLC price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Glenveagh Properties price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Glenveagh Properties PLC lagged returns against current returns
Autocorrelation, which is Glenveagh Properties 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 Glenveagh Properties' stock expected returns. We can calculate the autocorrelation of Glenveagh Properties returns to help us make a trade decision. For example, suppose you find that Glenveagh Properties 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 |
Glenveagh Properties 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 Glenveagh Properties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glenveagh Properties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glenveagh Properties stock over time.
Current vs Lagged Prices |
| Timeline |
Glenveagh Properties Lagged Returns
When evaluating Glenveagh Properties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glenveagh Properties stock have on its future price. Glenveagh Properties 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, Glenveagh Properties autocorrelation shows the relationship between Glenveagh Properties stock current value and its past values and can show if there is a momentum factor associated with investing in Glenveagh Properties PLC.
Regressed Prices |
| Timeline |
Pair Trading with Glenveagh Properties
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 Glenveagh Properties 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 Glenveagh Properties will appreciate offsetting losses from the drop in the long position's value.Moving together with Glenveagh Stock
Moving against Glenveagh Stock
The ability to find closely correlated positions to Glenveagh Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Glenveagh Properties 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 Glenveagh Properties - 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 Glenveagh Properties PLC to buy it.
The correlation of Glenveagh Properties 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 Glenveagh Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Glenveagh Properties PLC 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 Glenveagh Properties 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 Glenveagh Stock Analysis
When running Glenveagh Properties' price analysis, check to measure Glenveagh Properties' 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 Glenveagh Properties is operating at the current time. Most of Glenveagh Properties' value examination focuses on studying past and present price action to predict the probability of Glenveagh Properties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glenveagh Properties' price. Additionally, you may evaluate how the addition of Glenveagh Properties to your portfolios can decrease your overall portfolio volatility.