Compagnie (France) Market Value
| ODET Stock | EUR 1,532 2.00 0.13% |
| 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.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Compagnie on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Compagnie de lOdet or generate 0.0% return on investment in Compagnie over 60 days. Compagnie is related to or competes with Bollore SA, Wendel, Robertet, Eurazeo, and Burelle SA. Compagnie de lOdet operates in the transport and logistics, and communication sectors in France, Africa, the Americas, t... 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 lOdet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.21 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.93 |
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 | 0.0386 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1077 |
Compagnie de lOdet Backtested Returns
At this point, Compagnie is very steady. Compagnie de lOdet secures Sharpe Ratio (or Efficiency) of 0.0397, which signifies that the company had a 0.0397% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Compagnie de lOdet, which you can use to evaluate the volatility of the firm. Please confirm Compagnie's Risk Adjusted Performance of 0.0386, mean deviation of 0.8919, and Downside Deviation of 1.15 to double-check if the risk estimate we provide is consistent with the expected return of 0.0618%. Compagnie has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. 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. Compagnie de lOdet right now shows a risk of 1.56%. Please confirm Compagnie de lOdet sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Compagnie de lOdet will be following its price patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Compagnie de lOdet has weak reverse predictability. Overlapping area represents the amount of predictability between Compagnie time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 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 de lOdet price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Compagnie price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 184.64 |
Compagnie de lOdet 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 lOdet.
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 Compagnie Stock
Compagnie financial ratios help investors to determine whether Compagnie 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 Compagnie with respect to the benefits of owning Compagnie security.