Eutelsat Communications (France) Market Value
| ETL Stock | EUR 3.79 0.06 1.61% |
| Symbol | Eutelsat |
Eutelsat Communications '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 Eutelsat Communications' 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 Eutelsat Communications.
| 04/28/2022 |
| 04/17/2024 |
If you would invest 0.00 in Eutelsat Communications on April 28, 2022 and sell it all today you would earn a total of 0.00 from holding Eutelsat Communications SA or generate 0.0% return on investment in Eutelsat Communications over 720 days. Eutelsat Communications is related to or competes with SES S, Rubis SCA, Coface SA, SCOR SE, and Nexity. Eutelsat Communications S.A. provides satellite related services More
Eutelsat Communications 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 Eutelsat Communications' 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 Eutelsat Communications SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 17.36 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 4.65 |
Eutelsat Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eutelsat Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eutelsat Communications' standard deviation. In reality, there are many statistical measures that can use Eutelsat Communications historical prices to predict the future Eutelsat Communications' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.84) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eutelsat Communications' 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.
Eutelsat Communications Backtested Returns
Eutelsat Communications secures Sharpe Ratio (or Efficiency) of -0.029, which denotes the company had a -0.029% return per unit of risk over the last 3 months. Eutelsat Communications SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eutelsat Communications' Mean Deviation of 2.42, standard deviation of 3.29, and Variance of 10.81 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, Eutelsat Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Eutelsat Communications is expected to be smaller as well. Eutelsat Communications has an expected return of -0.097%. Please make sure to confirm Eutelsat Communications accumulation distribution, and the relationship between the potential upside and day median price , to decide if Eutelsat Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Eutelsat Communications SA has good predictability. Overlapping area represents the amount of predictability between Eutelsat Communications time series from 28th of April 2022 to 23rd of April 2023 and 23rd of April 2023 to 17th 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 Eutelsat Communications price movement. The serial correlation of 0.75 indicates that around 75.0% of current Eutelsat Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.97 |
Eutelsat Communications lagged returns against current returns
Autocorrelation, which is Eutelsat Communications 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 Eutelsat Communications' stock expected returns. We can calculate the autocorrelation of Eutelsat Communications returns to help us make a trade decision. For example, suppose you find that Eutelsat Communications 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 |
Eutelsat Communications 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 Eutelsat Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eutelsat Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eutelsat Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Eutelsat Communications Lagged Returns
When evaluating Eutelsat Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eutelsat Communications stock have on its future price. Eutelsat Communications 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, Eutelsat Communications autocorrelation shows the relationship between Eutelsat Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Eutelsat Communications SA.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eutelsat Communications in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eutelsat Communications' short interest history, or implied volatility extrapolated from Eutelsat Communications options trading.
Pair Trading with Eutelsat Communications
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 Eutelsat Communications 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 Eutelsat Communications will appreciate offsetting losses from the drop in the long position's value.Moving against Eutelsat Stock
| 0.59 | CDI | Christian Dior SE Earnings Call This Week | PairCorr |
| 0.56 | MC | LVMH Mot Hennessy | PairCorr |
The ability to find closely correlated positions to Eutelsat Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eutelsat Communications 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 Eutelsat Communications - 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 Eutelsat Communications SA to buy it.
The correlation of Eutelsat Communications 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 Eutelsat Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eutelsat Communications 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 Eutelsat Communications 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 Eutelsat Communications Correlation, Eutelsat Communications Volatility and Eutelsat Communications Alpha and Beta module to complement your research on Eutelsat Communications. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Eutelsat Stock analysis
When running Eutelsat Communications' price analysis, check to measure Eutelsat Communications' 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 Eutelsat Communications is operating at the current time. Most of Eutelsat Communications' value examination focuses on studying past and present price action to predict the probability of Eutelsat Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eutelsat Communications' price. Additionally, you may evaluate how the addition of Eutelsat Communications to your portfolios can decrease your overall portfolio volatility.
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Eutelsat Communications 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.