Pipe Works (Greece) Market Value
| PROFK Stock | EUR 1.44 0.02 1.41% |
| Symbol | Pipe |
Pipe Works '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 Pipe Works' 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 Pipe Works.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Pipe Works on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Pipe Works L or generate 0.0% return on investment in Pipe Works over 180 days. Pipe Works is related to or competes with Elastron, Sidma SA, Kordellos, and . Girakian Profil S.A. manufactures and sells various types of steel pipes in Greece More
Pipe Works 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 Pipe Works' 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 Pipe Works L upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.0138 | |||
| Maximum Drawdown | 11.22 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 3.91 |
Pipe Works Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pipe Works' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pipe Works' standard deviation. In reality, there are many statistical measures that can use Pipe Works historical prices to predict the future Pipe Works' volatility.| Risk Adjusted Performance | 0.0609 | |||
| Jensen Alpha | 0.1582 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0118 | |||
| Treynor Ratio | (1.32) |
Pipe Works L Backtested Returns
At this point, Pipe Works is very risky. Pipe Works L maintains Sharpe Ratio (i.e., Efficiency) of 0.0857, which implies the firm had a 0.0857% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pipe Works L, which you can use to evaluate the volatility of the company. Please check Pipe Works' Coefficient Of Variation of 1407.65, risk adjusted performance of 0.0609, and Semi Deviation of 1.95 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Pipe Works has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pipe Works are expected to decrease at a much lower rate. During the bear market, Pipe Works is likely to outperform the market. Pipe Works L right now holds a risk of 2.16%. Please check Pipe Works L value at risk, as well as the relationship between the skewness and day median price , to decide if Pipe Works L will be following its historical price patterns.
Auto-correlation | -0.59 |
Good reverse predictability
Pipe Works L has good reverse predictability. Overlapping area represents the amount of predictability between Pipe Works time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Pipe Works L price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Pipe Works price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pipe Works L lagged returns against current returns
Autocorrelation, which is Pipe Works 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 Pipe Works' stock expected returns. We can calculate the autocorrelation of Pipe Works returns to help us make a trade decision. For example, suppose you find that Pipe Works 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 |
Pipe Works 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 Pipe Works stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pipe Works stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pipe Works stock over time.
Current vs Lagged Prices |
| Timeline |
Pipe Works Lagged Returns
When evaluating Pipe Works' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pipe Works stock have on its future price. Pipe Works 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, Pipe Works autocorrelation shows the relationship between Pipe Works stock current value and its past values and can show if there is a momentum factor associated with investing in Pipe Works L.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Pipe Stock
Pipe Works financial ratios help investors to determine whether Pipe 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 Pipe with respect to the benefits of owning Pipe Works security.