ATRESMEDIA (Germany) Market Value
| YT2A Stock | EUR 4.54 0.03 0.67% |
| Symbol | ATRESMEDIA |
ATRESMEDIA '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 ATRESMEDIA'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 ATRESMEDIA.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in ATRESMEDIA on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding ATRESMEDIA or generate 0.0% return on investment in ATRESMEDIA over 90 days. ATRESMEDIA is related to or competes with ATOSS SOFTWARE, AM EAGLE, COMMERCIAL VEHICLE, Check Point, AEGEAN AIRLINES, Geely Automobile, and MAGIC SOFTWARE. More
ATRESMEDIA 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 ATRESMEDIA'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 ATRESMEDIA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.33 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 0.8989 |
ATRESMEDIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATRESMEDIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATRESMEDIA's standard deviation. In reality, there are many statistical measures that can use ATRESMEDIA historical prices to predict the future ATRESMEDIA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.17) |
ATRESMEDIA Backtested Returns
ATRESMEDIA secures Sharpe Ratio (or Efficiency) of -0.0286, which signifies that the company had a -0.0286% return per unit of risk over the last 3 months. ATRESMEDIA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ATRESMEDIA's risk adjusted performance of (0.02), and Mean Deviation of 0.3029 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ATRESMEDIA's returns are expected to increase less than the market. However, during the bear market, the loss of holding ATRESMEDIA is expected to be smaller as well. At this point, ATRESMEDIA has a negative expected return of -0.0185%. Please make sure to confirm ATRESMEDIA's kurtosis, rate of daily change, and the relationship between the skewness and daily balance of power , to decide if ATRESMEDIA performance from the past will be repeated at future time.
Auto-correlation | -0.55 |
Good reverse predictability
ATRESMEDIA has good reverse predictability. Overlapping area represents the amount of predictability between ATRESMEDIA time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 ATRESMEDIA price movement. The serial correlation of -0.55 indicates that about 55.0% of current ATRESMEDIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ATRESMEDIA lagged returns against current returns
Autocorrelation, which is ATRESMEDIA 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 ATRESMEDIA's stock expected returns. We can calculate the autocorrelation of ATRESMEDIA returns to help us make a trade decision. For example, suppose you find that ATRESMEDIA 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 |
ATRESMEDIA 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 ATRESMEDIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATRESMEDIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATRESMEDIA stock over time.
Current vs Lagged Prices |
| Timeline |
ATRESMEDIA Lagged Returns
When evaluating ATRESMEDIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATRESMEDIA stock have on its future price. ATRESMEDIA 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, ATRESMEDIA autocorrelation shows the relationship between ATRESMEDIA stock current value and its past values and can show if there is a momentum factor associated with investing in ATRESMEDIA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ATRESMEDIA Stock Analysis
When running ATRESMEDIA's price analysis, check to measure ATRESMEDIA's 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 ATRESMEDIA is operating at the current time. Most of ATRESMEDIA's value examination focuses on studying past and present price action to predict the probability of ATRESMEDIA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATRESMEDIA's price. Additionally, you may evaluate how the addition of ATRESMEDIA to your portfolios can decrease your overall portfolio volatility.