PEH WERTPAPIER (Germany) Market Value
| PEH Stock | EUR 21.60 0.20 0.93% |
| Symbol | PEH |
PEH WERTPAPIER '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 PEH WERTPAPIER'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 PEH WERTPAPIER.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in PEH WERTPAPIER on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding PEH WERTPAPIER or generate 0.0% return on investment in PEH WERTPAPIER over 360 days. PEH WERTPAPIER is related to or competes with Gamma Communications, Charter Communications, Citic Telecom, American Eagle, Ribbon Communications, G III, and Universal Display. More
PEH WERTPAPIER 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 PEH WERTPAPIER'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 PEH WERTPAPIER upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 5.95 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 0.9259 |
PEH WERTPAPIER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PEH WERTPAPIER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PEH WERTPAPIER's standard deviation. In reality, there are many statistical measures that can use PEH WERTPAPIER historical prices to predict the future PEH WERTPAPIER's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.51) |
PEH WERTPAPIER Backtested Returns
PEH WERTPAPIER maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of volatility over the last 3 months. PEH WERTPAPIER exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PEH WERTPAPIER's risk adjusted performance of (0.09), and Coefficient Of Variation of (793.27) to confirm the risk estimate we provide. The company holds a Beta of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, PEH WERTPAPIER's returns are expected to increase less than the market. However, during the bear market, the loss of holding PEH WERTPAPIER is expected to be smaller as well. At this point, PEH WERTPAPIER has a negative expected return of -0.15%. Please make sure to check PEH WERTPAPIER's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if PEH WERTPAPIER performance from the past will be repeated in the future.
Auto-correlation | 0.20 |
Weak predictability
PEH WERTPAPIER has weak predictability. Overlapping area represents the amount of predictability between PEH WERTPAPIER time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 PEH WERTPAPIER price movement. The serial correlation of 0.2 indicates that over 20.0% of current PEH WERTPAPIER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
PEH WERTPAPIER lagged returns against current returns
Autocorrelation, which is PEH WERTPAPIER 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 PEH WERTPAPIER's stock expected returns. We can calculate the autocorrelation of PEH WERTPAPIER returns to help us make a trade decision. For example, suppose you find that PEH WERTPAPIER 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 |
PEH WERTPAPIER 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 PEH WERTPAPIER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PEH WERTPAPIER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PEH WERTPAPIER stock over time.
Current vs Lagged Prices |
| Timeline |
PEH WERTPAPIER Lagged Returns
When evaluating PEH WERTPAPIER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PEH WERTPAPIER stock have on its future price. PEH WERTPAPIER 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, PEH WERTPAPIER autocorrelation shows the relationship between PEH WERTPAPIER stock current value and its past values and can show if there is a momentum factor associated with investing in PEH WERTPAPIER.
Regressed Prices |
| Timeline |
Also Currently Popular
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 PEH Stock
PEH WERTPAPIER financial ratios help investors to determine whether PEH 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 PEH with respect to the benefits of owning PEH WERTPAPIER security.