Compagnie Des (France) Market Value
| MLEDR Stock | EUR 47.80 2.20 4.40% |
| Symbol | Compagnie |
Compagnie Des '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 Des' 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 Des.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Compagnie Des on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Compagnie des Eaux or generate 0.0% return on investment in Compagnie Des over 720 days. Compagnie Des is related to or competes with Lectricite, EPC Groupe, Methanor, Manitou BF, Ossiam Minimum, Ekinops SA, and Orapi SA. Compagnie des Eaux de Royan engages in the distribution of drinkable water and related services in France More
Compagnie Des 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 Des' 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 des Eaux upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 25.98 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 4.74 |
Compagnie Des Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compagnie Des' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compagnie Des' standard deviation. In reality, there are many statistical measures that can use Compagnie Des historical prices to predict the future Compagnie Des' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (0.31) |
Compagnie des Eaux Backtested Returns
Compagnie des Eaux secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Compagnie des Eaux exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Compagnie Des' Standard Deviation of 3.14, risk adjusted performance of (0.08), and Mean Deviation of 1.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.12, which signifies a somewhat significant risk relative to the market. Compagnie Des returns are very sensitive to returns on the market. As the market goes up or down, Compagnie Des is expected to follow. At this point, Compagnie des Eaux has a negative expected return of -0.34%. Please make sure to confirm Compagnie Des' skewness, as well as the relationship between the day median price and relative strength index , to decide if Compagnie des Eaux performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Compagnie des Eaux has modest reverse predictability. Overlapping area represents the amount of predictability between Compagnie Des time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 des Eaux price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Compagnie Des price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 144.7 |
Compagnie des Eaux lagged returns against current returns
Autocorrelation, which is Compagnie Des 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 Des' stock expected returns. We can calculate the autocorrelation of Compagnie Des returns to help us make a trade decision. For example, suppose you find that Compagnie Des 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 Des 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 Des stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compagnie Des stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compagnie Des stock over time.
Current vs Lagged Prices |
| Timeline |
Compagnie Des Lagged Returns
When evaluating Compagnie Des' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compagnie Des stock have on its future price. Compagnie Des 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 Des autocorrelation shows the relationship between Compagnie Des stock current value and its past values and can show if there is a momentum factor associated with investing in Compagnie des Eaux.
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 Des' price analysis, check to measure Compagnie Des' 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 Des is operating at the current time. Most of Compagnie Des' value examination focuses on studying past and present price action to predict the probability of Compagnie Des' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compagnie Des' price. Additionally, you may evaluate how the addition of Compagnie Des to your portfolios can decrease your overall portfolio volatility.