Proximus (Belgium) Market Value
| PROX Stock | EUR 6.73 0.03 0.45% |
| Symbol | Proximus |
Proximus '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 Proximus' 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 Proximus.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Proximus on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Proximus NV or generate 0.0% return on investment in Proximus over 30 days. Proximus is related to or competes with Bpost NV, Etablissementen Franz, Ageas SANV, and KBC Groep. Proximus PLC provides digital services and communication solutions in Belgium and internationally More
Proximus 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 Proximus' 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 Proximus NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.73 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.69 |
Proximus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Proximus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Proximus' standard deviation. In reality, there are many statistical measures that can use Proximus historical prices to predict the future Proximus' volatility.| Risk Adjusted Performance | 0.0037 | |||
| Jensen Alpha | 0.0221 | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 0.0393 |
Proximus NV Backtested Returns
Proximus NV maintains Sharpe Ratio (i.e., Efficiency) of -0.0075, which implies the firm had a -0.0075% return per unit of risk over the last 3 months. Proximus NV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Proximus' Coefficient Of Variation of (191,065), variance of 1.69, and Risk Adjusted Performance of 0.0037 to confirm the risk estimate we provide. The company holds a Beta of -0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Proximus are expected to decrease at a much lower rate. During the bear market, Proximus is likely to outperform the market. At this point, Proximus NV has a negative expected return of -0.0098%. Please make sure to check Proximus' value at risk, accumulation distribution, day typical price, as well as the relationship between the skewness and rate of daily change , to decide if Proximus NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Proximus NV has insignificant reverse predictability. Overlapping area represents the amount of predictability between Proximus time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Proximus NV price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Proximus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Proximus NV lagged returns against current returns
Autocorrelation, which is Proximus 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 Proximus' stock expected returns. We can calculate the autocorrelation of Proximus returns to help us make a trade decision. For example, suppose you find that Proximus 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 |
Proximus 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 Proximus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Proximus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Proximus stock over time.
Current vs Lagged Prices |
| Timeline |
Proximus Lagged Returns
When evaluating Proximus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Proximus stock have on its future price. Proximus 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, Proximus autocorrelation shows the relationship between Proximus stock current value and its past values and can show if there is a momentum factor associated with investing in Proximus NV.
Regressed Prices |
| Timeline |
Additional Tools for Proximus Stock Analysis
When running Proximus' price analysis, check to measure Proximus' 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 Proximus is operating at the current time. Most of Proximus' value examination focuses on studying past and present price action to predict the probability of Proximus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Proximus' price. Additionally, you may evaluate how the addition of Proximus to your portfolios can decrease your overall portfolio volatility.