Parrot (France) Market Value
| PARRO Stock | EUR 2.44 0.02 0.83% |
| Symbol | Parrot |
Parrot '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 Parrot'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 Parrot.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Parrot on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Parrot or generate 0.0% return on investment in Parrot over 180 days. Parrot is related to or competes with DBV Technologies, Genfit, and Innate Pharma. Parrot S.A. creates, develops, and markets consumer technology products for smartphones and tablets worldwide More
Parrot 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 Parrot'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 Parrot upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.0619 | |||
| Maximum Drawdown | 21.13 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 3.4 |
Parrot Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parrot's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parrot's standard deviation. In reality, there are many statistical measures that can use Parrot historical prices to predict the future Parrot's volatility.| Risk Adjusted Performance | 0.0878 | |||
| Jensen Alpha | 0.3162 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1003 | |||
| Treynor Ratio | (1.67) |
Parrot Backtested Returns
Parrot appears to be risky, given 3 months investment horizon. Parrot maintains Sharpe Ratio (i.e., Efficiency) of 0.0806, which implies the firm had a 0.0806% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Parrot, which you can use to evaluate the volatility of the company. Please evaluate Parrot's Semi Deviation of 1.4, coefficient of variation of 952.74, and Risk Adjusted Performance of 0.0878 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Parrot holds a performance score of 6. The company holds a Beta of -0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Parrot are expected to decrease at a much lower rate. During the bear market, Parrot is likely to outperform the market. Please check Parrot's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Parrot's historical price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Parrot has very weak predictability. Overlapping area represents the amount of predictability between Parrot time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Parrot price movement. The serial correlation of 0.18 indicates that over 18.0% of current Parrot price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Parrot lagged returns against current returns
Autocorrelation, which is Parrot 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 Parrot's stock expected returns. We can calculate the autocorrelation of Parrot returns to help us make a trade decision. For example, suppose you find that Parrot 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 |
Parrot 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 Parrot stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parrot stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parrot stock over time.
Current vs Lagged Prices |
| Timeline |
Parrot Lagged Returns
When evaluating Parrot's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parrot stock have on its future price. Parrot 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, Parrot autocorrelation shows the relationship between Parrot stock current value and its past values and can show if there is a momentum factor associated with investing in Parrot.
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 Parrot Stock Analysis
When running Parrot's price analysis, check to measure Parrot'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 Parrot is operating at the current time. Most of Parrot's value examination focuses on studying past and present price action to predict the probability of Parrot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parrot's price. Additionally, you may evaluate how the addition of Parrot to your portfolios can decrease your overall portfolio volatility.