Koninklijke Philips (Germany) Market Value
| PHI1 Stock | EUR 25.95 0.50 1.96% |
| Symbol | Koninklijke |
Koninklijke Philips '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 Koninklijke Philips' 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 Koninklijke Philips.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Koninklijke Philips on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Koninklijke Philips NV or generate 0.0% return on investment in Koninklijke Philips over 30 days. Koninklijke Philips is related to or competes with Sunstone Hotel, NXP Semiconductors, Hyatt Hotels, MIRAMAR HOTEL, REGAL HOTEL, HYATT HOTELS-A, and ELMOS SEMICONDUCTOR. Koninklijke Philips N.V. operates as a health technology company worldwide More
Koninklijke Philips 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 Koninklijke Philips' 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 Koninklijke Philips NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.51 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.12 |
Koninklijke Philips Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Koninklijke Philips' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Koninklijke Philips' standard deviation. In reality, there are many statistical measures that can use Koninklijke Philips historical prices to predict the future Koninklijke Philips' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.4358 |
Koninklijke Philips Backtested Returns
Koninklijke Philips has Sharpe Ratio of -0.0222, which conveys that the firm had a -0.0222% return per unit of risk over the last 3 months. Koninklijke Philips exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Koninklijke Philips' Mean Deviation of 1.18, standard deviation of 2.5, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Koninklijke Philips are expected to decrease at a much lower rate. During the bear market, Koninklijke Philips is likely to outperform the market. At this point, Koninklijke Philips has a negative expected return of -0.0557%. Please make sure to verify Koninklijke Philips' treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Koninklijke Philips performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Koninklijke Philips NV has poor predictability. Overlapping area represents the amount of predictability between Koninklijke Philips time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Koninklijke Philips price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Koninklijke Philips price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Koninklijke Philips lagged returns against current returns
Autocorrelation, which is Koninklijke Philips 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 Koninklijke Philips' stock expected returns. We can calculate the autocorrelation of Koninklijke Philips returns to help us make a trade decision. For example, suppose you find that Koninklijke Philips 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 |
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Koninklijke Philips 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 Koninklijke Philips stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Koninklijke Philips stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Koninklijke Philips stock over time.
Current vs Lagged Prices |
| Timeline |
Koninklijke Philips Lagged Returns
When evaluating Koninklijke Philips' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Koninklijke Philips stock have on its future price. Koninklijke Philips 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, Koninklijke Philips autocorrelation shows the relationship between Koninklijke Philips stock current value and its past values and can show if there is a momentum factor associated with investing in Koninklijke Philips NV.
Regressed Prices |
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Additional Information and Resources on Investing in Koninklijke Stock
When determining whether Koninklijke Philips is a strong investment it is important to analyze Koninklijke Philips' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Koninklijke Philips' future performance. For an informed investment choice regarding Koninklijke Stock, refer to the following important reports:Check out Koninklijke Philips Correlation, Koninklijke Philips Volatility and Koninklijke Philips Alpha and Beta module to complement your research on Koninklijke Philips. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Koninklijke Philips technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.