Passat Socit (France) Market Value
| PSAT Stock | EUR 4.74 0.06 1.25% |
| Symbol | Passat |
Passat Socit '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 Passat Socit'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 Passat Socit.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Passat Socit on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Passat Socit Anonyme or generate 0.0% return on investment in Passat Socit over 330 days. Passat Socit is related to or competes with Groupe Partouche, Gevelot, Plastiques, Trilogiq, and NRJ. Passat Socit Anonyme engages in the image-assisted sale of consumer products in France More
Passat Socit 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 Passat Socit'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 Passat Socit Anonyme upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 3.33 |
Passat Socit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Passat Socit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Passat Socit's standard deviation. In reality, there are many statistical measures that can use Passat Socit historical prices to predict the future Passat Socit's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.3604 |
Passat Socit Anonyme Backtested Returns
Passat Socit Anonyme maintains Sharpe Ratio (i.e., Efficiency) of -0.0723, which implies the firm had a -0.0723% return per unit of risk over the last 3 months. Passat Socit Anonyme exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Passat Socit's Variance of 4.21, coefficient of variation of (1,384), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of -0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Passat Socit are expected to decrease at a much lower rate. During the bear market, Passat Socit is likely to outperform the market. At this point, Passat Socit Anonyme has a negative expected return of -0.15%. Please make sure to check Passat Socit's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Passat Socit Anonyme performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Passat Socit Anonyme has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Passat Socit time series from 29th of December 2023 to 11th of June 2024 and 11th of June 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 Passat Socit Anonyme price movement. The serial correlation of -0.71 indicates that around 71.0% of current Passat Socit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Passat Socit Anonyme lagged returns against current returns
Autocorrelation, which is Passat Socit 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 Passat Socit's stock expected returns. We can calculate the autocorrelation of Passat Socit returns to help us make a trade decision. For example, suppose you find that Passat Socit 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 |
Passat Socit 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 Passat Socit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Passat Socit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Passat Socit stock over time.
Current vs Lagged Prices |
| Timeline |
Passat Socit Lagged Returns
When evaluating Passat Socit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Passat Socit stock have on its future price. Passat Socit 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, Passat Socit autocorrelation shows the relationship between Passat Socit stock current value and its past values and can show if there is a momentum factor associated with investing in Passat Socit Anonyme.
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 Passat Stock
Passat Socit financial ratios help investors to determine whether Passat 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 Passat with respect to the benefits of owning Passat Socit security.