Atos SE (France) Market Value
| ATO Stock | EUR 1.92 0.07 3.78% |
| Symbol | Atos |
Atos SE '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 Atos SE'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 Atos SE.
| 01/29/2023 |
| 04/23/2024 |
If you would invest 0.00 in Atos SE on January 29, 2023 and sell it all today you would earn a total of 0.00 from holding Atos SE or generate 0.0% return on investment in Atos SE over 450 days. Atos SE is related to or competes with Neurones, and Groupe Guillin. Atos SE provides information technology services and solutions worldwide More
Atos SE 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 Atos SE'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 Atos SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 40.55 | |||
| Value At Risk | (11.27) | |||
| Potential Upside | 9.05 |
Atos SE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atos SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atos SE's standard deviation. In reality, there are many statistical measures that can use Atos SE historical prices to predict the future Atos SE's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.96) | |||
| Total Risk Alpha | (1.84) | |||
| Treynor Ratio | 9.38 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atos SE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Atos SE Backtested Returns
Atos SE secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Atos SE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atos SE's Risk Adjusted Performance of (0.07), mean deviation of 4.99, and Standard Deviation of 7.1 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Atos SE are expected to decrease at a much lower rate. During the bear market, Atos SE is likely to outperform the market. Atos SE has an expected return of -0.95%. Please make sure to confirm Atos SE skewness, and the relationship between the treynor ratio and daily balance of power , to decide if Atos SE performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Atos SE has average predictability. Overlapping area represents the amount of predictability between Atos SE time series from 29th of January 2023 to 11th of September 2023 and 11th of September 2023 to 23rd of April 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 Atos SE price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Atos SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 4.03 |
Atos SE lagged returns against current returns
Autocorrelation, which is Atos SE 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 Atos SE's stock expected returns. We can calculate the autocorrelation of Atos SE returns to help us make a trade decision. For example, suppose you find that Atos SE 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 |
Atos SE 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 Atos SE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atos SE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atos SE stock over time.
Current vs Lagged Prices |
| Timeline |
Atos SE Lagged Returns
When evaluating Atos SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atos SE stock have on its future price. Atos SE 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, Atos SE autocorrelation shows the relationship between Atos SE stock current value and its past values and can show if there is a momentum factor associated with investing in Atos SE.
Regressed Prices |
| Timeline |
Pair Trading with Atos SE
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Atos SE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atos SE will appreciate offsetting losses from the drop in the long position's value.Moving against Atos Stock
| 0.8 | GNE | General Electric Earnings Call Today | PairCorr |
| 0.75 | RNO | Renault SA | PairCorr |
| 0.73 | CS | AXA SA | PairCorr |
| 0.67 | SOP | Sopra Steria Group Earnings Call This Week | PairCorr |
| 0.45 | CAP | Capgemini SE Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Atos SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atos SE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atos SE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atos SE to buy it.
The correlation of Atos SE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atos SE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atos SE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Atos SE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Atos SE Correlation, Atos SE Volatility and Atos SE Alpha and Beta module to complement your research on Atos SE. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Atos Stock analysis
When running Atos SE's price analysis, check to measure Atos SE'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 Atos SE is operating at the current time. Most of Atos SE's value examination focuses on studying past and present price action to predict the probability of Atos SE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atos SE's price. Additionally, you may evaluate how the addition of Atos SE to your portfolios can decrease your overall portfolio volatility.
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Atos SE technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.