Compagnie (France) Market Value
| MLCFD Stock | EUR 900.00 0.00 0.00% |
| Symbol | Compagnie |
Compagnie '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 Compagnie'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 Compagnie.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Compagnie on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Compagnie de Chemins or generate 0.0% return on investment in Compagnie over 30 days. Compagnie is related to or competes with Getlink SE, and Adocia. Compagnie de Chemins de Fer Dpartementaux Socit Anonyme, through its subsidiaries, engages in the industrial and railway... More
Compagnie 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 Compagnie'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 Compagnie de Chemins upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1184 | |||
| Maximum Drawdown | 15.47 | |||
| Potential Upside | 4.17 |
Compagnie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compagnie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compagnie's standard deviation. In reality, there are many statistical measures that can use Compagnie historical prices to predict the future Compagnie's volatility.| Risk Adjusted Performance | 0.1459 | |||
| Jensen Alpha | 0.3304 | |||
| Total Risk Alpha | 0.0524 | |||
| Treynor Ratio | 2.39 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compagnie's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Compagnie de Chemins Backtested Returns
Compagnie appears to be very steady, given 3 months investment horizon. Compagnie de Chemins secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Compagnie de Chemins, which you can use to evaluate the volatility of the firm. Please makes use of Compagnie's Mean Deviation of 0.8852, risk adjusted performance of 0.1459, and Standard Deviation of 1.96 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Compagnie holds a performance score of 14. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Compagnie's returns are expected to increase less than the market. However, during the bear market, the loss of holding Compagnie is expected to be smaller as well. Please check Compagnie's information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to make a quick decision on whether Compagnie's price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Compagnie de Chemins has below average predictability. Overlapping area represents the amount of predictability between Compagnie time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Compagnie de Chemins price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Compagnie price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 401.65 |
Compagnie de Chemins lagged returns against current returns
Autocorrelation, which is Compagnie 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 Compagnie's stock expected returns. We can calculate the autocorrelation of Compagnie returns to help us make a trade decision. For example, suppose you find that Compagnie 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 |
Compagnie 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 Compagnie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compagnie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compagnie stock over time.
Current vs Lagged Prices |
| Timeline |
Compagnie Lagged Returns
When evaluating Compagnie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compagnie stock have on its future price. Compagnie 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, Compagnie autocorrelation shows the relationship between Compagnie stock current value and its past values and can show if there is a momentum factor associated with investing in Compagnie de Chemins.
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.Additional Tools for Compagnie Stock Analysis
When running Compagnie's price analysis, check to measure Compagnie's 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 Compagnie is operating at the current time. Most of Compagnie's value examination focuses on studying past and present price action to predict the probability of Compagnie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compagnie's price. Additionally, you may evaluate how the addition of Compagnie to your portfolios can decrease your overall portfolio volatility.