Plastika Kritis (Greece) Market Value
| PLAKR Stock | EUR 14.40 0.10 0.69% |
| Symbol | Plastika |
Plastika Kritis '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 Plastika Kritis' 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 Plastika Kritis.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Plastika Kritis on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Plastika Kritis SA or generate 0.0% return on investment in Plastika Kritis over 30 days. Plastika Kritis is related to or competes with Thrace Plastics, Gr Sarantis, Jumbo SA, Hellenic Petroleum, and Piraeus Port. Plastika Kritis S.A. produces and sells masterbatches and agricultural films in Greece More
Plastika Kritis 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 Plastika Kritis' 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 Plastika Kritis SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.18 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.26 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 4.83 |
Plastika Kritis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plastika Kritis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plastika Kritis' standard deviation. In reality, there are many statistical measures that can use Plastika Kritis historical prices to predict the future Plastika Kritis' volatility.| Risk Adjusted Performance | 0.0188 | |||
| Jensen Alpha | 0.0284 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (1.46) |
Plastika Kritis SA Backtested Returns
At this point, Plastika Kritis is not too volatile. Plastika Kritis SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0116, which implies the firm had a 0.0116% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Plastika Kritis SA, which you can use to evaluate the volatility of the company. Please check Plastika Kritis' Risk Adjusted Performance of 0.0188, semi deviation of 1.81, and Coefficient Of Variation of 6267.37 to confirm if the risk estimate we provide is consistent with the expected return of 0.0272%. The company holds a Beta of -0.0182, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Plastika Kritis are expected to decrease at a much lower rate. During the bear market, Plastika Kritis is likely to outperform the market. Plastika Kritis SA right now holds a risk of 2.34%. Please check Plastika Kritis SA maximum drawdown, and the relationship between the information ratio and expected short fall , to decide if Plastika Kritis SA will be following its historical price patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Plastika Kritis SA has good reverse predictability. Overlapping area represents the amount of predictability between Plastika Kritis time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Plastika Kritis SA price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Plastika Kritis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Plastika Kritis SA lagged returns against current returns
Autocorrelation, which is Plastika Kritis 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 Plastika Kritis' stock expected returns. We can calculate the autocorrelation of Plastika Kritis returns to help us make a trade decision. For example, suppose you find that Plastika Kritis 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 |
Plastika Kritis 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 Plastika Kritis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plastika Kritis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plastika Kritis stock over time.
Current vs Lagged Prices |
| Timeline |
Plastika Kritis Lagged Returns
When evaluating Plastika Kritis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plastika Kritis stock have on its future price. Plastika Kritis 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, Plastika Kritis autocorrelation shows the relationship between Plastika Kritis stock current value and its past values and can show if there is a momentum factor associated with investing in Plastika Kritis SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Plastika Stock
Plastika Kritis financial ratios help investors to determine whether Plastika 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 Plastika with respect to the benefits of owning Plastika Kritis security.