Philippos Nakas (Greece) Market Value
| NAKAS Stock | EUR 3.00 0.08 2.74% |
| Symbol | Philippos |
Philippos Nakas '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 Philippos Nakas' 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 Philippos Nakas.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Philippos Nakas on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Philippos Nakas SA or generate 0.0% return on investment in Philippos Nakas over 720 days. Philippos Nakas is related to or competes with Foodlink, Hellenic Telecommunicatio, Profile Systems, Intertech, Athens Medical, Technical Olympic, and Interlife General. Philippos Nakas S.A. distributes musical instruments in Greece More
Philippos Nakas 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 Philippos Nakas' 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 Philippos Nakas SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.25 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.62 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 3.55 |
Philippos Nakas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Philippos Nakas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Philippos Nakas' standard deviation. In reality, there are many statistical measures that can use Philippos Nakas historical prices to predict the future Philippos Nakas' volatility.| Risk Adjusted Performance | 0.0446 | |||
| Jensen Alpha | 0.1215 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Philippos Nakas' 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.
Philippos Nakas SA Backtested Returns
At this point, Philippos Nakas is relatively risky. Philippos Nakas SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0409, which implies the firm had a 0.0409% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Philippos Nakas SA, which you can use to evaluate the volatility of the company. Please check Philippos Nakas' Coefficient Of Variation of 1995.96, risk adjusted performance of 0.0446, and Semi Deviation of 1.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.087%. Philippos Nakas has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Philippos Nakas are expected to decrease at a much lower rate. During the bear market, Philippos Nakas is likely to outperform the market. Philippos Nakas SA right now holds a risk of 2.13%. Please check Philippos Nakas SA downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Philippos Nakas SA will be following its historical price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
Philippos Nakas SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Philippos Nakas time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Philippos Nakas SA price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Philippos Nakas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Philippos Nakas SA lagged returns against current returns
Autocorrelation, which is Philippos Nakas 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 Philippos Nakas' stock expected returns. We can calculate the autocorrelation of Philippos Nakas returns to help us make a trade decision. For example, suppose you find that Philippos Nakas 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 |
Philippos Nakas 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 Philippos Nakas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Philippos Nakas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Philippos Nakas stock over time.
Current vs Lagged Prices |
| Timeline |
Philippos Nakas Lagged Returns
When evaluating Philippos Nakas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Philippos Nakas stock have on its future price. Philippos Nakas 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, Philippos Nakas autocorrelation shows the relationship between Philippos Nakas stock current value and its past values and can show if there is a momentum factor associated with investing in Philippos Nakas SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Philippos Stock
Philippos Nakas financial ratios help investors to determine whether Philippos 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 Philippos with respect to the benefits of owning Philippos Nakas security.