Piraeus Financial (Greece) Market Value
| TPEIR Stock | EUR 3.59 0.04 1.10% |
| Symbol | Piraeus |
Piraeus Financial '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 Piraeus Financial'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 Piraeus Financial.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Piraeus Financial on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Piraeus Financial Holdings or generate 0.0% return on investment in Piraeus Financial over 510 days. Piraeus Financial is related to or competes with Elvalhalcor Hellenic, Interlife General, Foodlink, Logismos Information, General Commercial, and Marfin Investment. Piraeus Financial Holdings S.A. provides banking products and services in Greece and internationally More
Piraeus Financial 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 Piraeus Financial'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 Piraeus Financial Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.68 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.38 |
Piraeus Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Piraeus Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Piraeus Financial's standard deviation. In reality, there are many statistical measures that can use Piraeus Financial historical prices to predict the future Piraeus Financial's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.38) |
Piraeus Financial Backtested Returns
Piraeus Financial maintains Sharpe Ratio (i.e., Efficiency) of -0.0495, which implies the firm had a -0.0495% return per unit of risk over the last 3 months. Piraeus Financial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Piraeus Financial's Coefficient Of Variation of (1,441), variance of 2.48, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Piraeus Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Piraeus Financial is expected to be smaller as well. At this point, Piraeus Financial has a negative expected return of -0.0769%. Please make sure to check Piraeus Financial's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Piraeus Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Piraeus Financial Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Piraeus Financial time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Piraeus Financial price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Piraeus Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Piraeus Financial lagged returns against current returns
Autocorrelation, which is Piraeus Financial 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 Piraeus Financial's stock expected returns. We can calculate the autocorrelation of Piraeus Financial returns to help us make a trade decision. For example, suppose you find that Piraeus Financial 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 |
Piraeus Financial 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 Piraeus Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Piraeus Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Piraeus Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Piraeus Financial Lagged Returns
When evaluating Piraeus Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Piraeus Financial stock have on its future price. Piraeus Financial 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, Piraeus Financial autocorrelation shows the relationship between Piraeus Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Piraeus Financial Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Piraeus Stock
Piraeus Financial financial ratios help investors to determine whether Piraeus 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 Piraeus with respect to the benefits of owning Piraeus Financial security.