Passat Socit (France) Market Value
| PSAT Stock | EUR 6.65 0.55 9.02% |
| Symbol | Passat |
Passat Socit '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 Passat Socit'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 Passat Socit.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Passat Socit on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Passat Socit Anonyme or generate 0.0% return on investment in Passat Socit over 30 days. Passat Socit is related to or competes with Groupe Partouche, Plastiques, and NRJ. Passat Socit Anonyme engages in the image-assisted sale of consumer products in France More
Passat Socit 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 Passat Socit'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 Passat Socit Anonyme upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | 0.213 | |||
| Maximum Drawdown | 8.84 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 4.84 |
Passat Socit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Passat Socit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Passat Socit's standard deviation. In reality, there are many statistical measures that can use Passat Socit historical prices to predict the future Passat Socit's volatility.| Risk Adjusted Performance | 0.1561 | |||
| Jensen Alpha | 0.6827 | |||
| Total Risk Alpha | 0.3912 | |||
| Sortino Ratio | 0.3007 | |||
| Treynor Ratio | (0.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Passat Socit'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.
Passat Socit Anonyme Backtested Returns
Passat Socit appears to be slightly risky, given 3 months investment horizon. Passat Socit Anonyme maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24% return per unit of risk over the last 3 months. By analyzing Passat Socit's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please evaluate Passat Socit's Coefficient Of Variation of 422.22, risk adjusted performance of 0.1561, and Semi Deviation of 1.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Passat Socit holds a performance score of 18. The company holds a Beta of -1.34, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Passat Socit are expected to decrease by larger amounts. On the other hand, during market turmoil, Passat Socit is expected to outperform it. Please check Passat Socit's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Passat Socit's historical price patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Passat Socit Anonyme has below average predictability. Overlapping area represents the amount of predictability between Passat Socit time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Passat Socit Anonyme price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Passat Socit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Passat Socit Anonyme lagged returns against current returns
Autocorrelation, which is Passat Socit 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 Passat Socit's stock expected returns. We can calculate the autocorrelation of Passat Socit returns to help us make a trade decision. For example, suppose you find that Passat Socit 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 |
Passat Socit 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 Passat Socit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Passat Socit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Passat Socit stock over time.
Current vs Lagged Prices |
| Timeline |
Passat Socit Lagged Returns
When evaluating Passat Socit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Passat Socit stock have on its future price. Passat Socit 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, Passat Socit autocorrelation shows the relationship between Passat Socit stock current value and its past values and can show if there is a momentum factor associated with investing in Passat Socit Anonyme.
Regressed Prices |
| Timeline |
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Check out Passat Socit Correlation, Passat Socit Volatility and Passat Socit Alpha and Beta module to complement your research on Passat Socit. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Passat Stock analysis
When running Passat Socit's price analysis, check to measure Passat Socit'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 Passat Socit is operating at the current time. Most of Passat Socit's value examination focuses on studying past and present price action to predict the probability of Passat Socit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Passat Socit's price. Additionally, you may evaluate how the addition of Passat Socit to your portfolios can decrease your overall portfolio volatility.
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Passat Socit 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.