Thales SA (France) Market Value
| HO Stock | EUR 148.15 4.35 2.85% |
| Symbol | Thales |
Thales SA '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 Thales SA'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 Thales SA.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Thales SA on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Thales SA or generate 0.0% return on investment in Thales SA over 30 days. Thales SA is related to or competes with Safran SA, Dassault Systemes, Dassault Aviation, Vinci SA, and Compagnie. Thales S.A. provides various solutions for civilian and military customers in the aeronautics, space, defense, security,... More
Thales SA 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 Thales SA'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 Thales SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.72 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.35 |
Thales SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thales SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thales SA's standard deviation. In reality, there are many statistical measures that can use Thales SA historical prices to predict the future Thales SA's volatility.| Risk Adjusted Performance | 0.0327 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0642 |
Thales SA Backtested Returns
At this point, Thales SA is very steady. Thales SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0038, which indicates the firm had a 0.0038% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thales SA, which you can use to evaluate the volatility of the company. Please validate Thales SA's Coefficient Of Variation of 2720.43, risk adjusted performance of 0.0327, and Semi Deviation of 1.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0056%. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thales SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thales SA is expected to be smaller as well. Thales SA right now has a risk of 1.48%. Please validate Thales SA information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to decide if Thales SA will be following its existing price patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Thales SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thales SA time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Thales SA price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Thales SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 20.83 |
Thales SA lagged returns against current returns
Autocorrelation, which is Thales SA 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 Thales SA's stock expected returns. We can calculate the autocorrelation of Thales SA returns to help us make a trade decision. For example, suppose you find that Thales SA 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 |
Thales SA 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 Thales SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thales SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thales SA stock over time.
Current vs Lagged Prices |
| Timeline |
Thales SA Lagged Returns
When evaluating Thales SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thales SA stock have on its future price. Thales SA 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, Thales SA autocorrelation shows the relationship between Thales SA stock current value and its past values and can show if there is a momentum factor associated with investing in Thales SA.
Regressed Prices |
| Timeline |
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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 Thales Stock
Thales SA financial ratios help investors to determine whether Thales 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 Thales with respect to the benefits of owning Thales SA security.