Prada Spa Pk Stock Market Value
| PRDSY Stock | USD 14.30 0.14 0.97% |
| Symbol | Prada |
Prada Spa '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 Prada Spa'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 Prada Spa.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Prada Spa on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Prada Spa PK or generate 0.0% return on investment in Prada Spa over 360 days. Prada Spa is related to or competes with Chow Tai, Christian Dior, Kering SA, Christian Dior, Kering SA, Burberry Group, and Swatch Group. Prada S.p.A., together with its subsidiaries, designs, produces, and distributes leather goods, handbags, footwear, appa... More
Prada Spa 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 Prada Spa'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 Prada Spa PK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.34 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.8 |
Prada Spa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prada Spa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prada Spa's standard deviation. In reality, there are many statistical measures that can use Prada Spa historical prices to predict the future Prada Spa's volatility.| Risk Adjusted Performance | 0.0178 | |||
| Jensen Alpha | 0.0367 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prada Spa's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Prada Spa PK Backtested Returns
At this stage we consider Prada Pink Sheet to be not too volatile. Prada Spa PK maintains Sharpe Ratio (i.e., Efficiency) of 0.0286, which implies the firm had a 0.0286% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Prada Spa PK, which you can use to evaluate the volatility of the company. Please check Prada Spa's Risk Adjusted Performance of 0.0178, coefficient of variation of 7267.59, and Semi Deviation of 2.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.0809%. Prada Spa has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of -0.0829, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prada Spa are expected to decrease at a much lower rate. During the bear market, Prada Spa is likely to outperform the market. Prada Spa PK right now holds a risk of 2.83%. Please check Prada Spa PK potential upside, and the relationship between the jensen alpha and accumulation distribution , to decide if Prada Spa PK will be following its historical price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
Prada Spa PK has modest reverse predictability. Overlapping area represents the amount of predictability between Prada Spa time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Prada Spa PK price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Prada Spa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Prada Spa PK lagged returns against current returns
Autocorrelation, which is Prada Spa 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 Prada Spa's pink sheet expected returns. We can calculate the autocorrelation of Prada Spa returns to help us make a trade decision. For example, suppose you find that Prada Spa 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 |
Prada Spa 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 Prada Spa pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prada Spa pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prada Spa pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Prada Spa Lagged Returns
When evaluating Prada Spa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prada Spa pink sheet have on its future price. Prada Spa 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, Prada Spa autocorrelation shows the relationship between Prada Spa pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Prada Spa PK.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Prada Pink Sheet Analysis
When running Prada Spa's price analysis, check to measure Prada Spa'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 Prada Spa is operating at the current time. Most of Prada Spa's value examination focuses on studying past and present price action to predict the probability of Prada Spa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prada Spa's price. Additionally, you may evaluate how the addition of Prada Spa to your portfolios can decrease your overall portfolio volatility.