Carrefour Sa Pk Stock Market Value
| CRRFY Stock | USD 3.47 0.06 1.70% |
| Symbol | Carrefour |
Carrefour '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 Carrefour's pink sheet 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 Carrefour.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Carrefour on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Carrefour SA PK or generate 0.0% return on investment in Carrefour over 720 days. Carrefour is related to or competes with Village Super, and Albertsons Companies. Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, ... More
Carrefour 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 Carrefour's pink sheet 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 Carrefour SA PK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.34 |
Carrefour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carrefour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carrefour's standard deviation. In reality, there are many statistical measures that can use Carrefour historical prices to predict the future Carrefour's volatility.| Risk Adjusted Performance | 0.0077 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Carrefour'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.
Carrefour SA PK Backtested Returns
Carrefour SA PK secures Sharpe Ratio (or Efficiency) of -0.0059, which signifies that the company had a -0.0059% return per unit of risk over the last 3 months. Carrefour SA PK exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carrefour's Downside Deviation of 1.72, mean deviation of 1.19, and Risk Adjusted Performance of 0.0077 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Carrefour's returns are expected to increase less than the market. However, during the bear market, the loss of holding Carrefour is expected to be smaller as well. Carrefour SA PK has an expected return of -0.0097%. Please make sure to confirm Carrefour SA PK value at risk, as well as the relationship between the kurtosis and market facilitation index , to decide if Carrefour SA PK performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Carrefour SA PK has very weak reverse predictability. Overlapping area represents the amount of predictability between Carrefour time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Carrefour SA PK price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Carrefour price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Carrefour SA PK lagged returns against current returns
Autocorrelation, which is Carrefour pink sheet'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 Carrefour's pink sheet expected returns. We can calculate the autocorrelation of Carrefour returns to help us make a trade decision. For example, suppose you find that Carrefour has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Carrefour 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 Carrefour pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carrefour pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carrefour pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Carrefour Lagged Returns
When evaluating Carrefour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carrefour pink sheet have on its future price. Carrefour 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, Carrefour autocorrelation shows the relationship between Carrefour pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Carrefour SA PK.
Regressed Prices |
| Timeline |
Pair Trading with Carrefour
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 Carrefour 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 Carrefour will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Carrefour could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrefour 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 Carrefour - 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 Carrefour SA PK to buy it.
The correlation of Carrefour 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 Carrefour moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrefour SA PK 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 Carrefour 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 Carrefour Correlation, Carrefour Volatility and Carrefour Alpha and Beta module to complement your research on Carrefour. Note that the Carrefour SA PK information on this page should be used as a complementary analysis to other Carrefour's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Carrefour Pink Sheet analysis
When running Carrefour's price analysis, check to measure Carrefour'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 Carrefour is operating at the current time. Most of Carrefour's value examination focuses on studying past and present price action to predict the probability of Carrefour's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrefour's price. Additionally, you may evaluate how the addition of Carrefour to your portfolios can decrease your overall portfolio volatility.
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Carrefour technical pink sheet 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, pink sheet market cycles, or different charting patterns.