Proeduca Altus (Spain) Market Value
| PRO Stock | EUR 32.40 0.20 0.62% |
| Symbol | Proeduca |
Proeduca Altus '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 Proeduca Altus' 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 Proeduca Altus.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Proeduca Altus on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Proeduca Altus SA or generate 0.0% return on investment in Proeduca Altus over 510 days. Proeduca Altus is related to or competes with Viscofan, Metrovacesa, Elecnor SA, Mapfre, Coca Cola, Cellnex Telecom, and Industria. The company provides its students with a platform designed primarily for management of online learning with resources, s... More
Proeduca Altus 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 Proeduca Altus' 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 Proeduca Altus SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.76 | |||
| Information Ratio | 0.2808 | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 2.63 |
Proeduca Altus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Proeduca Altus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Proeduca Altus' standard deviation. In reality, there are many statistical measures that can use Proeduca Altus historical prices to predict the future Proeduca Altus' volatility.| Risk Adjusted Performance | 0.2852 | |||
| Jensen Alpha | 0.5292 | |||
| Total Risk Alpha | 0.3066 | |||
| Sortino Ratio | 0.2392 | |||
| Treynor Ratio | 6.64 |
Proeduca Altus SA Backtested Returns
Proeduca Altus appears to be very steady, given 3 months investment horizon. Proeduca Altus SA maintains Sharpe Ratio (i.e., Efficiency) of 0.35, which implies the firm had a 0.35% return per unit of risk over the last 3 months. By analyzing Proeduca Altus' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please evaluate Proeduca Altus' Risk Adjusted Performance of 0.2852, coefficient of variation of 272.66, and Semi Deviation of 0.7627 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Proeduca Altus holds a performance score of 27. The company holds a Beta of 0.0811, which implies not very significant fluctuations relative to the market. As returns on the market increase, Proeduca Altus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Proeduca Altus is expected to be smaller as well. Please check Proeduca Altus' expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Proeduca Altus' historical price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Proeduca Altus SA has modest reverse predictability. Overlapping area represents the amount of predictability between Proeduca Altus time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 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 Proeduca Altus SA price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Proeduca Altus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 7.75 |
Proeduca Altus SA lagged returns against current returns
Autocorrelation, which is Proeduca Altus 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 Proeduca Altus' stock expected returns. We can calculate the autocorrelation of Proeduca Altus returns to help us make a trade decision. For example, suppose you find that Proeduca Altus 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 |
Proeduca Altus 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 Proeduca Altus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Proeduca Altus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Proeduca Altus stock over time.
Current vs Lagged Prices |
| Timeline |
Proeduca Altus Lagged Returns
When evaluating Proeduca Altus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Proeduca Altus stock have on its future price. Proeduca Altus 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, Proeduca Altus autocorrelation shows the relationship between Proeduca Altus stock current value and its past values and can show if there is a momentum factor associated with investing in Proeduca Altus SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Proeduca Stock
Proeduca Altus financial ratios help investors to determine whether Proeduca 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 Proeduca with respect to the benefits of owning Proeduca Altus security.