INDUSTRIE (Germany) Market Value
| M3D Stock | 7.97 0.01 0.13% |
| Symbol | INDUSTRIE |
Please note, there is a significant difference between INDUSTRIE's value and its price as these two are different measures arrived at by different means. Investors typically determine if INDUSTRIE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, INDUSTRIE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
INDUSTRIE '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 INDUSTRIE'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 INDUSTRIE.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in INDUSTRIE on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding INDUSTRIE DE NORA or generate 0.0% return on investment in INDUSTRIE over 30 days. INDUSTRIE is related to or competes with Hanison Construction, Natural Health, Hitachi Construction, AGRICULTBK HADR/25, Australian Agricultural, and Nufarm. More
INDUSTRIE 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 INDUSTRIE'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 INDUSTRIE DE NORA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 15.41 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 3.12 |
INDUSTRIE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INDUSTRIE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INDUSTRIE's standard deviation. In reality, there are many statistical measures that can use INDUSTRIE historical prices to predict the future INDUSTRIE's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 1.29 |
INDUSTRIE DE NORA Backtested Returns
INDUSTRIE DE NORA holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of return volatility over the last 3 months. INDUSTRIE DE NORA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out INDUSTRIE's Market Risk Adjusted Performance of 1.3, risk adjusted performance of (0.07), and Coefficient Of Variation of (992.54) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning INDUSTRIE are expected to decrease at a much lower rate. During the bear market, INDUSTRIE is likely to outperform the market. At this point, INDUSTRIE DE NORA has a negative expected return of -0.25%. Please make sure to check out INDUSTRIE's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if INDUSTRIE DE NORA performance from the past will be repeated in the future.
Auto-correlation | -0.28 |
Weak reverse predictability
INDUSTRIE DE NORA has weak reverse predictability. Overlapping area represents the amount of predictability between INDUSTRIE time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 INDUSTRIE DE NORA price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current INDUSTRIE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
INDUSTRIE DE NORA lagged returns against current returns
Autocorrelation, which is INDUSTRIE 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 INDUSTRIE's stock expected returns. We can calculate the autocorrelation of INDUSTRIE returns to help us make a trade decision. For example, suppose you find that INDUSTRIE 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 |
INDUSTRIE 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 INDUSTRIE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INDUSTRIE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INDUSTRIE stock over time.
Current vs Lagged Prices |
| Timeline |
INDUSTRIE Lagged Returns
When evaluating INDUSTRIE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INDUSTRIE stock have on its future price. INDUSTRIE 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, INDUSTRIE autocorrelation shows the relationship between INDUSTRIE stock current value and its past values and can show if there is a momentum factor associated with investing in INDUSTRIE DE NORA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in INDUSTRIE Stock
INDUSTRIE financial ratios help investors to determine whether INDUSTRIE 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 INDUSTRIE with respect to the benefits of owning INDUSTRIE security.