Play2Chill (Poland) Market Value
| P2C Stock | 3.20 0.07 2.14% |
| Symbol | Play2Chill |
Play2Chill '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 Play2Chill'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 Play2Chill.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Play2Chill on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Play2Chill SA or generate 0.0% return on investment in Play2Chill over 30 days. Play2Chill is related to or competes with Poznanska Korporacja, Esotiq Henderson, Toya SA, Betacom SA, Jastrzebska Spotka, and HiProMine. More
Play2Chill 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 Play2Chill'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 Play2Chill SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 19.29 | |||
| Value At Risk | (6.58) | |||
| Potential Upside | 4.65 |
Play2Chill Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Play2Chill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Play2Chill's standard deviation. In reality, there are many statistical measures that can use Play2Chill historical prices to predict the future Play2Chill's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 0.3754 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Play2Chill'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.
Play2Chill SA Backtested Returns
Play2Chill SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0895, which implies the firm had a -0.0895 % return per unit of risk over the last 3 months. Play2Chill SA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Play2Chill's Risk Adjusted Performance of (0.07), variance of 12.92, and Coefficient Of Variation of (1,036) to confirm the risk estimate we provide. The company holds a Beta of -0.95, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Play2Chill are expected to decrease slowly. On the other hand, during market turmoil, Play2Chill is expected to outperform it slightly. At this point, Play2Chill SA has a negative expected return of -0.33%. Please make sure to check Play2Chill's standard deviation, potential upside, day typical price, as well as the relationship between the jensen alpha and daily balance of power , to decide if Play2Chill SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.84 |
Excellent reverse predictability
Play2Chill SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Play2Chill time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st 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 Play2Chill SA price movement. The serial correlation of -0.84 indicates that around 84.0% of current Play2Chill price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Play2Chill SA lagged returns against current returns
Autocorrelation, which is Play2Chill 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 Play2Chill's stock expected returns. We can calculate the autocorrelation of Play2Chill returns to help us make a trade decision. For example, suppose you find that Play2Chill 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 |
Play2Chill 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 Play2Chill stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Play2Chill stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Play2Chill stock over time.
Current vs Lagged Prices |
| Timeline |
Play2Chill Lagged Returns
When evaluating Play2Chill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Play2Chill stock have on its future price. Play2Chill 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, Play2Chill autocorrelation shows the relationship between Play2Chill stock current value and its past values and can show if there is a momentum factor associated with investing in Play2Chill SA.
Regressed Prices |
| Timeline |
Pair Trading with Play2Chill
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Play2Chill position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Play2Chill will appreciate offsetting losses from the drop in the long position's value.Moving against Play2Chill Stock
The ability to find closely correlated positions to Play2Chill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Play2Chill when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Play2Chill - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Play2Chill SA to buy it.
The correlation of Play2Chill is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Play2Chill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Play2Chill SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Play2Chill can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Play2Chill Stock Analysis
When running Play2Chill's price analysis, check to measure Play2Chill'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 Play2Chill is operating at the current time. Most of Play2Chill's value examination focuses on studying past and present price action to predict the probability of Play2Chill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Play2Chill's price. Additionally, you may evaluate how the addition of Play2Chill to your portfolios can decrease your overall portfolio volatility.