Thessaloniki Port (Greece) Market Value
| OLTH Stock | EUR 28.20 0.30 1.05% |
| Symbol | Thessaloniki |
Thessaloniki Port '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 Thessaloniki Port'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 Thessaloniki Port.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Thessaloniki Port on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Thessaloniki Port Authority or generate 0.0% return on investment in Thessaloniki Port over 720 days. Thessaloniki Port is related to or competes with As Commercial, Elvalhalcor Hellenic, Profile Systems, Eurobank Ergasias, CPI Computer, and Hellenic Telecommunicatio. Thessaloniki Port Authority Societe Anonyme engages in the management and exploitation of the port of Thessaloniki locat... More
Thessaloniki Port 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 Thessaloniki Port'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 Thessaloniki Port Authority upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.2107 | |||
| Maximum Drawdown | 16.14 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 3.3 |
Thessaloniki Port Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thessaloniki Port's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thessaloniki Port's standard deviation. In reality, there are many statistical measures that can use Thessaloniki Port historical prices to predict the future Thessaloniki Port's volatility.| Risk Adjusted Performance | 0.1595 | |||
| Jensen Alpha | 0.5095 | |||
| Total Risk Alpha | 0.5059 | |||
| Sortino Ratio | 0.2868 | |||
| Treynor Ratio | 3.1 |
Thessaloniki Port Backtested Returns
Thessaloniki Port appears to be very steady, given 3 months investment horizon. Thessaloniki Port owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24 % return per unit of risk over the last 3 months. By inspecting Thessaloniki Port's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please review Thessaloniki Port's Coefficient Of Variation of 464.53, semi deviation of 0.9548, and Risk Adjusted Performance of 0.1595 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thessaloniki Port holds a performance score of 18. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thessaloniki Port's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thessaloniki Port is expected to be smaller as well. Please check Thessaloniki Port's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Thessaloniki Port's existing price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Thessaloniki Port Authority has very good reverse predictability. Overlapping area represents the amount of predictability between Thessaloniki Port time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Thessaloniki Port price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Thessaloniki Port price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 4.87 |
Thessaloniki Port lagged returns against current returns
Autocorrelation, which is Thessaloniki Port 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 Thessaloniki Port's stock expected returns. We can calculate the autocorrelation of Thessaloniki Port returns to help us make a trade decision. For example, suppose you find that Thessaloniki Port 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 |
Thessaloniki Port 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 Thessaloniki Port stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thessaloniki Port stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thessaloniki Port stock over time.
Current vs Lagged Prices |
| Timeline |
Thessaloniki Port Lagged Returns
When evaluating Thessaloniki Port's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thessaloniki Port stock have on its future price. Thessaloniki Port 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, Thessaloniki Port autocorrelation shows the relationship between Thessaloniki Port stock current value and its past values and can show if there is a momentum factor associated with investing in Thessaloniki Port Authority.
Regressed Prices |
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Additional Tools for Thessaloniki Stock Analysis
When running Thessaloniki Port's price analysis, check to measure Thessaloniki Port'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 Thessaloniki Port is operating at the current time. Most of Thessaloniki Port's value examination focuses on studying past and present price action to predict the probability of Thessaloniki Port's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thessaloniki Port's price. Additionally, you may evaluate how the addition of Thessaloniki Port to your portfolios can decrease your overall portfolio volatility.