Performance Technologies (Greece) Market Value
| PERF Stock | EUR 5.46 0.08 1.49% |
| Symbol | Performance |
Performance Technologies '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 Performance Technologies' 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 Performance Technologies.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Performance Technologies on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Performance Technologies SA or generate 0.0% return on investment in Performance Technologies over 30 days. Performance Technologies is related to or competes with Lampsa Hellenic, Bank of Greece, Foodlink, Profile Systems, Daios Plastics, Thrace Plastics, and Interlife General. Performance Technologies S.A. an IT company, provides virtualization, cloud computing, storage, business continuity and ... More
Performance Technologies 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 Performance Technologies' 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 Performance Technologies SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 15.53 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 2.73 |
Performance Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Performance Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Performance Technologies' standard deviation. In reality, there are many statistical measures that can use Performance Technologies historical prices to predict the future Performance Technologies' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (1.04) |
Performance Technologies Backtested Returns
Performance Technologies maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Performance Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Performance Technologies' Variance of 5.07, coefficient of variation of (733.68), and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide. The company holds a Beta of 0.3, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Performance Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Performance Technologies is expected to be smaller as well. At this point, Performance Technologies has a negative expected return of -0.29%. Please make sure to check Performance Technologies' skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Performance Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Performance Technologies SA has modest predictability. Overlapping area represents the amount of predictability between Performance Technologies time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Performance Technologies price movement. The serial correlation of 0.55 indicates that about 55.0% of current Performance Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Performance Technologies lagged returns against current returns
Autocorrelation, which is Performance Technologies 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 Performance Technologies' stock expected returns. We can calculate the autocorrelation of Performance Technologies returns to help us make a trade decision. For example, suppose you find that Performance Technologies 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 |
Performance Technologies 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 Performance Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Performance Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Performance Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Performance Technologies Lagged Returns
When evaluating Performance Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Performance Technologies stock have on its future price. Performance Technologies 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, Performance Technologies autocorrelation shows the relationship between Performance Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Performance Technologies SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Performance Stock Analysis
When running Performance Technologies' price analysis, check to measure Performance Technologies' 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 Performance Technologies is operating at the current time. Most of Performance Technologies' value examination focuses on studying past and present price action to predict the probability of Performance Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Performance Technologies' price. Additionally, you may evaluate how the addition of Performance Technologies to your portfolios can decrease your overall portfolio volatility.