Piaggio C (Germany) Market Value
| P1I Stock | EUR 2.76 0.01 0.36% |
| Symbol | Piaggio |
Piaggio C '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 Piaggio C'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 Piaggio C.
| 02/25/2023 |
| 04/20/2024 |
If you would invest 0.00 in Piaggio C on February 25, 2023 and sell it all today you would earn a total of 0.00 from holding Piaggio C SpA or generate 0.0% return on investment in Piaggio C over 420 days. Piaggio C is related to or competes with Superior Plus, Origin Agritech, Identiv, Intel, and Volkswagen. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles More
Piaggio C 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 Piaggio C'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 Piaggio C SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 12.99 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.47 |
Piaggio C Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Piaggio C's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Piaggio C's standard deviation. In reality, there are many statistical measures that can use Piaggio C historical prices to predict the future Piaggio C's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.274 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Piaggio C'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.
Piaggio C SpA Backtested Returns
Piaggio C SpA maintains Sharpe Ratio (i.e., Efficiency) of -0.068, which implies the firm had a -0.068% return per unit of risk over the last 3 months. Piaggio C SpA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Piaggio C's Coefficient Of Variation of (1,677), variance of 3.57, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.45, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Piaggio C are expected to decrease at a much lower rate. During the bear market, Piaggio C is likely to outperform the market. Piaggio C SpA has an expected return of -0.13%. Please make sure to check Piaggio C SpA mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Piaggio C SpA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Piaggio C SpA has poor reverse predictability. Overlapping area represents the amount of predictability between Piaggio C time series from 25th of February 2023 to 23rd of September 2023 and 23rd of September 2023 to 20th 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 Piaggio C SpA price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Piaggio C price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Piaggio C SpA lagged returns against current returns
Autocorrelation, which is Piaggio C 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 Piaggio C's stock expected returns. We can calculate the autocorrelation of Piaggio C returns to help us make a trade decision. For example, suppose you find that Piaggio C 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 |
Piaggio C 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 Piaggio C stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Piaggio C stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Piaggio C stock over time.
Current vs Lagged Prices |
| Timeline |
Piaggio C Lagged Returns
When evaluating Piaggio C's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Piaggio C stock have on its future price. Piaggio C 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, Piaggio C autocorrelation shows the relationship between Piaggio C stock current value and its past values and can show if there is a momentum factor associated with investing in Piaggio C SpA.
Regressed Prices |
| Timeline |
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Check out Piaggio C Correlation, Piaggio C Volatility and Piaggio C Alpha and Beta module to complement your research on Piaggio C. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Piaggio Stock analysis
When running Piaggio C's price analysis, check to measure Piaggio C'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 Piaggio C is operating at the current time. Most of Piaggio C's value examination focuses on studying past and present price action to predict the probability of Piaggio C's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Piaggio C's price. Additionally, you may evaluate how the addition of Piaggio C to your portfolios can decrease your overall portfolio volatility.
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Piaggio C 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.