Prodea Real (Greece) Market Value
| PRODEA Stock | EUR 6.20 0.00 0.00% |
| Symbol | Prodea |
Prodea Real '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 Prodea Real'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 Prodea Real.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Prodea Real on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Prodea Real Estate or generate 0.0% return on investment in Prodea Real over 210 days. Prodea Real is related to or competes with Hellenic Telecommunicatio, Profile Systems, As Commercial, Sidma SA, Bank of Greece, Eurobank Ergasias, and CPI Computer. Prodea Real Estate Investment Company Socit Anonyme, together with its subsidiaries, invests in, manages, and operates r... More
Prodea Real 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 Prodea Real'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 Prodea Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 20.94 | |||
| Value At Risk | (7.80) | |||
| Potential Upside | 6.9 |
Prodea Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prodea Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prodea Real's standard deviation. In reality, there are many statistical measures that can use Prodea Real historical prices to predict the future Prodea Real's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prodea Real'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.
Prodea Real Estate Backtested Returns
Prodea Real Estate maintains Sharpe Ratio (i.e., Efficiency) of -0.0396, which implies the firm had a -0.0396% return per unit of risk over the last 3 months. Prodea Real Estate exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prodea Real's Coefficient Of Variation of (2,586), variance of 14.19, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The company holds a Beta of 0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prodea Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prodea Real is expected to be smaller as well. At this point, Prodea Real Estate has a negative expected return of -0.15%. Please make sure to check Prodea Real's jensen alpha, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Prodea Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Prodea Real Estate has good predictability. Overlapping area represents the amount of predictability between Prodea Real time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Prodea Real Estate price movement. The serial correlation of 0.68 indicates that around 68.0% of current Prodea Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Prodea Real Estate lagged returns against current returns
Autocorrelation, which is Prodea Real 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 Prodea Real's stock expected returns. We can calculate the autocorrelation of Prodea Real returns to help us make a trade decision. For example, suppose you find that Prodea Real 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 |
Prodea Real 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 Prodea Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prodea Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prodea Real stock over time.
Current vs Lagged Prices |
| Timeline |
Prodea Real Lagged Returns
When evaluating Prodea Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prodea Real stock have on its future price. Prodea Real 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, Prodea Real autocorrelation shows the relationship between Prodea Real stock current value and its past values and can show if there is a momentum factor associated with investing in Prodea Real Estate.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Prodea Stock
Prodea Real financial ratios help investors to determine whether Prodea 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 Prodea with respect to the benefits of owning Prodea Real security.