Prysmian Spa Stock Market Value
| PRYMF Stock | USD 62.93 0.68 1.09% |
| Symbol | Prysmian |
Prysmian 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 Prysmian 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 Prysmian SpA.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Prysmian SpA on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Prysmian SpA or generate 0.0% return on investment in Prysmian SpA over 270 days. Prysmian SpA is related to or competes with Atkore International, FuelCell Energy, and Plug Power. Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells cables and systems, and related access... More
Prysmian 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 Prysmian 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 Prysmian SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.77 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 4.88 |
Prysmian SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prysmian SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prysmian SpA's standard deviation. In reality, there are many statistical measures that can use Prysmian SpA historical prices to predict the future Prysmian SpA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.23) |
Prysmian SpA Backtested Returns
Prysmian SpA maintains Sharpe Ratio (i.e., Efficiency) of -0.0386, which implies the firm had a -0.0386% return per unit of risk over the last 3 months. Prysmian SpA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prysmian SpA's Variance of 7.69, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,985) to confirm the risk estimate we provide. The company holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prysmian SpA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prysmian SpA is expected to be smaller as well. At this point, Prysmian SpA has a negative expected return of -0.11%. Please make sure to check Prysmian SpA's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Prysmian SpA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Prysmian SpA has average predictability. Overlapping area represents the amount of predictability between Prysmian SpA time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Prysmian SpA price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Prysmian SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 11.31 |
Prysmian SpA lagged returns against current returns
Autocorrelation, which is Prysmian 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 Prysmian SpA's pink sheet expected returns. We can calculate the autocorrelation of Prysmian SpA returns to help us make a trade decision. For example, suppose you find that Prysmian 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 |
Prysmian 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 Prysmian SpA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prysmian 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 Prysmian SpA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Prysmian SpA Lagged Returns
When evaluating Prysmian SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prysmian SpA pink sheet have on its future price. Prysmian 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, Prysmian SpA autocorrelation shows the relationship between Prysmian SpA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Prysmian SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Prysmian Pink Sheet
Prysmian SpA financial ratios help investors to determine whether Prysmian Pink Sheet 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 Prysmian with respect to the benefits of owning Prysmian SpA security.