Compagnie Des (France) Market Value
| MLTRA Stock | EUR 5,600 0.00 0.00% |
| Symbol | Compagnie |
Compagnie Des '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 Compagnie Des' 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 Compagnie Des.
| 03/17/2024 |
| 06/15/2024 |
If you would invest 0.00 in Compagnie Des on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Compagnie des Tramways or generate 0.0% return on investment in Compagnie Des over 90 days. Compagnie Des is related to or competes with Eurazeo, Wendel, and IDI SCA. Compagnie des Tramways de Rouen SA, a holding company, engages in the management of securities portfolios and cash inves... More
Compagnie Des 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 Compagnie Des' 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 Compagnie des Tramways upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1699 | |||
| Maximum Drawdown | 1.92 | |||
| Potential Upside | 1.82 |
Compagnie Des Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compagnie Des' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compagnie Des' standard deviation. In reality, there are many statistical measures that can use Compagnie Des historical prices to predict the future Compagnie Des' volatility.| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 0.0752 | |||
| Total Risk Alpha | 0.0849 | |||
| Treynor Ratio | 2.17 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compagnie Des' 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.
Compagnie des Tramways Backtested Returns
We consider Compagnie Des very steady. Compagnie des Tramways secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Compagnie des Tramways, which you can use to evaluate the volatility of the firm. Please confirm Compagnie Des' Risk Adjusted Performance of 0.1008, standard deviation of 0.5126, and Mean Deviation of 0.2164 to double-check if the risk estimate we provide is consistent with the expected return of 0.0902%. Compagnie Des has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0345, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Compagnie Des' returns are expected to increase less than the market. However, during the bear market, the loss of holding Compagnie Des is expected to be smaller as well. Compagnie des Tramways right now shows a risk of 0.53%. Please confirm Compagnie des Tramways information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Compagnie des Tramways will be following its price patterns.
Auto-correlation | 0.71 |
Good predictability
Compagnie des Tramways has good predictability. Overlapping area represents the amount of predictability between Compagnie Des time series from 17th of March 2024 to 1st of May 2024 and 1st of May 2024 to 15th of June 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 Compagnie des Tramways price movement. The serial correlation of 0.71 indicates that around 71.0% of current Compagnie Des price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 3142.56 |
Compagnie des Tramways lagged returns against current returns
Autocorrelation, which is Compagnie Des 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 Compagnie Des' stock expected returns. We can calculate the autocorrelation of Compagnie Des returns to help us make a trade decision. For example, suppose you find that Compagnie Des 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 |
Compagnie Des 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 Compagnie Des stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compagnie Des stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compagnie Des stock over time.
Current vs Lagged Prices |
| Timeline |
Compagnie Des Lagged Returns
When evaluating Compagnie Des' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compagnie Des stock have on its future price. Compagnie Des 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, Compagnie Des autocorrelation shows the relationship between Compagnie Des stock current value and its past values and can show if there is a momentum factor associated with investing in Compagnie des Tramways.
Regressed Prices |
| Timeline |
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Additional Tools for Compagnie Stock Analysis
When running Compagnie Des' price analysis, check to measure Compagnie Des' 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 Compagnie Des is operating at the current time. Most of Compagnie Des' value examination focuses on studying past and present price action to predict the probability of Compagnie Des' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compagnie Des' price. Additionally, you may evaluate how the addition of Compagnie Des to your portfolios can decrease your overall portfolio volatility.