Element Solutions (Germany) Market Value
| PLQ Stock | EUR 25.40 0.40 1.55% |
| Symbol | Element |
Element Solutions '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 Element Solutions' 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 Element Solutions.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Element Solutions on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Element Solutions or generate 0.0% return on investment in Element Solutions over 720 days. Element Solutions is related to or competes with Tsingtao Brewery, China Resources, ScanSource, BRIT AMER, and SCANSOURCE. Element Solutions Inc produces and sells specialty chemical products the United States, China, and internationally More
Element Solutions 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 Element Solutions' 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 Element Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0583 | |||
| Maximum Drawdown | 13.66 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 3.46 |
Element Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Element Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Element Solutions' standard deviation. In reality, there are many statistical measures that can use Element Solutions historical prices to predict the future Element Solutions' volatility.| Risk Adjusted Performance | 0.0724 | |||
| Jensen Alpha | 0.1702 | |||
| Total Risk Alpha | 0.0134 | |||
| Sortino Ratio | 0.0856 | |||
| Treynor Ratio | 1.17 |
Element Solutions Backtested Returns
At this point, Element Solutions is very steady. Element Solutions secures Sharpe Ratio (or Efficiency) of 0.0855, which denotes the company had a 0.0855% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Element Solutions, which you can use to evaluate the volatility of the firm. Please confirm Element Solutions' Coefficient Of Variation of 1100.37, downside deviation of 1.42, and Mean Deviation of 1.39 to check if the risk estimate we provide is consistent with the expected return of 0.18%. Element Solutions has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Element Solutions' returns are expected to increase less than the market. However, during the bear market, the loss of holding Element Solutions is expected to be smaller as well. Element Solutions right now shows a risk of 2.08%. Please confirm Element Solutions coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Element Solutions will be following its price patterns.
Auto-correlation | 0.24 |
Weak predictability
Element Solutions has weak predictability. Overlapping area represents the amount of predictability between Element Solutions time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Element Solutions price movement. The serial correlation of 0.24 indicates that over 24.0% of current Element Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 3.69 |
Element Solutions lagged returns against current returns
Autocorrelation, which is Element Solutions 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 Element Solutions' stock expected returns. We can calculate the autocorrelation of Element Solutions returns to help us make a trade decision. For example, suppose you find that Element Solutions 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 |
Element Solutions 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 Element Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Element Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Element Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Element Solutions Lagged Returns
When evaluating Element Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Element Solutions stock have on its future price. Element Solutions 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, Element Solutions autocorrelation shows the relationship between Element Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Element Solutions.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Element Stock
When determining whether Element Solutions offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Element Solutions' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Element Solutions Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Element Solutions Stock:Check out Element Solutions Correlation, Element Solutions Volatility and Element Solutions Alpha and Beta module to complement your research on Element Solutions. For more detail on how to invest in Element Stock please use our How to Invest in Element Solutions guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Element Solutions 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.