Public Power (Greece) Market Value
| PPC Stock | EUR 11.82 0.17 1.46% |
| Symbol | Public |
Public Power '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 Public Power's 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 Public Power.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Public Power on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Public Power or generate 0.0% return on investment in Public Power over 720 days. Public Power is related to or competes with National Bank, EL D, Lampsa Hellenic, Eurobank Ergasias, Alpha Trust, Iktinos Hellas, and Hellenic Telecommunicatio. Public Power Corporation S.A., together with its subsidiaries, generates, transmits, and distributes electricity in Gree... More
Public Power 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 Public Power's 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 Public Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.24 |
Public Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Public Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Public Power's standard deviation. In reality, there are many statistical measures that can use Public Power historical prices to predict the future Public Power's volatility.| Risk Adjusted Performance | 0.0163 | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.126 |
Public Power Backtested Returns
Currently, Public Power is not too volatile. Public Power maintains Sharpe Ratio (i.e., Efficiency) of 0.0409, which implies the firm had a 0.0409% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Public Power, which you can use to evaluate the volatility of the company. Please check Public Power's Semi Deviation of 1.79, coefficient of variation of 6926.85, and Risk Adjusted Performance of 0.0163 to confirm if the risk estimate we provide is consistent with the expected return of 0.0662%. Public Power has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, Public Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Public Power is expected to be smaller as well. Public Power right now holds a risk of 1.62%. Please check Public Power semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Public Power will be following its historical price patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Public Power has virtually no predictability. Overlapping area represents the amount of predictability between Public Power time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Public Power price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Public Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Public Power lagged returns against current returns
Autocorrelation, which is Public Power 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 Public Power's stock expected returns. We can calculate the autocorrelation of Public Power returns to help us make a trade decision. For example, suppose you find that Public Power 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 |
Public Power 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 Public Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Public Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Public Power stock over time.
Current vs Lagged Prices |
| Timeline |
Public Power Lagged Returns
When evaluating Public Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Public Power stock have on its future price. Public Power 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, Public Power autocorrelation shows the relationship between Public Power stock current value and its past values and can show if there is a momentum factor associated with investing in Public Power.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Public Stock Analysis
When running Public Power's price analysis, check to measure Public Power's 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 Public Power is operating at the current time. Most of Public Power's value examination focuses on studying past and present price action to predict the probability of Public Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Public Power's price. Additionally, you may evaluate how the addition of Public Power to your portfolios can decrease your overall portfolio volatility.