Piaggio C Spa Stock Market Value
| PIAGF Stock | USD 2.33 0.03 1.30% |
| Symbol | Piaggio |
Piaggio C '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 Piaggio C's pink sheet 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 Piaggio C.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Piaggio C on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Piaggio C SpA or generate 0.0% return on investment in Piaggio C over 30 days. Piaggio C is related to or competes with Li Auto, Xpeng, Canoo, BYD Co, Polestar Automotive, Ferrari NV, and Toyota. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles More
Piaggio C 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 Piaggio C's pink sheet 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 Piaggio C SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 21.72 | |||
| Value At Risk | (8.09) | |||
| Potential Upside | 4.69 |
Piaggio C Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Piaggio C's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Piaggio C's standard deviation. In reality, there are many statistical measures that can use Piaggio C historical prices to predict the future Piaggio C's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 3.87 |
Piaggio C SpA Backtested Returns
Piaggio C SpA maintains Sharpe Ratio (i.e., Efficiency) of -0.0854, which implies the firm had a -0.0854% return per unit of risk over the last 3 months. Piaggio C SpA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Piaggio C's Variance of 12.16, coefficient of variation of (1,648), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of -0.0573, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Piaggio C are expected to decrease at a much lower rate. During the bear market, Piaggio C is likely to outperform the market. At this point, Piaggio C SpA has a negative expected return of -0.29%. Please make sure to check Piaggio C'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 Piaggio C SpA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Piaggio C SpA has poor reverse predictability. Overlapping area represents the amount of predictability between Piaggio C time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Piaggio C SpA price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Piaggio C price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Piaggio C SpA lagged returns against current returns
Autocorrelation, which is Piaggio C pink sheet'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 Piaggio C's pink sheet expected returns. We can calculate the autocorrelation of Piaggio C returns to help us make a trade decision. For example, suppose you find that Piaggio C has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Piaggio C 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 Piaggio C pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Piaggio C pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Piaggio C pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Piaggio C Lagged Returns
When evaluating Piaggio C's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Piaggio C pink sheet have on its future price. Piaggio C 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, Piaggio C autocorrelation shows the relationship between Piaggio C pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Piaggio C SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Piaggio Pink Sheet
Piaggio C financial ratios help investors to determine whether Piaggio Pink Sheet 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 Piaggio with respect to the benefits of owning Piaggio C security.