Eurobank Ergasias Sa Stock Market Value
| EGFEY Stock | USD 0.94 0.02 2.08% |
| Symbol | Eurobank |
Eurobank Ergasias '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 Eurobank Ergasias' 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 Eurobank Ergasias.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Eurobank Ergasias on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Eurobank Ergasias SA or generate 0.0% return on investment in Eurobank Ergasias over 30 days. Eurobank Ergasias is related to or competes with National Bank, Piraeus Financial, Piraeus Bank, Alpha Services, Alpha Bank, First Citizens, and PT Bank. Eurobank Ergasias Services and Holdings S.A., together with its subsidiaries, provides retail banking, corporate and pri... More
Eurobank Ergasias 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 Eurobank Ergasias' 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 Eurobank Ergasias SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.0069 | |||
| Maximum Drawdown | 9.55 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 3.16 |
Eurobank Ergasias Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eurobank Ergasias' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eurobank Ergasias' standard deviation. In reality, there are many statistical measures that can use Eurobank Ergasias historical prices to predict the future Eurobank Ergasias' volatility.| Risk Adjusted Performance | 0.0353 | |||
| Jensen Alpha | 0.0669 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.006 | |||
| Treynor Ratio | 1.15 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eurobank Ergasias' 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.
Eurobank Ergasias Backtested Returns
We consider Eurobank Ergasias dangerous. Eurobank Ergasias secures Sharpe Ratio (or Efficiency) of 0.0183, which denotes the company had a 0.0183% return per unit of risk over the last 3 months. We have found thirty technical indicators for Eurobank Ergasias SA, which you can use to evaluate the volatility of the firm. Please confirm Eurobank Ergasias' Mean Deviation of 1.17, downside deviation of 1.97, and Coefficient Of Variation of 2141.41 to check if the risk estimate we provide is consistent with the expected return of 0.0316%. Eurobank Ergasias has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0611, which means not very significant fluctuations relative to the market. As returns on the market increase, Eurobank Ergasias' returns are expected to increase less than the market. However, during the bear market, the loss of holding Eurobank Ergasias is expected to be smaller as well. Eurobank Ergasias right now shows a risk of 1.73%. Please confirm Eurobank Ergasias maximum drawdown and the relationship between the expected short fall and period momentum indicator , to decide if Eurobank Ergasias will be following its price patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Eurobank Ergasias SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eurobank Ergasias time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Eurobank Ergasias price movement. The serial correlation of -0.16 indicates that over 16.0% of current Eurobank Ergasias price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eurobank Ergasias lagged returns against current returns
Autocorrelation, which is Eurobank Ergasias 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 Eurobank Ergasias' pink sheet expected returns. We can calculate the autocorrelation of Eurobank Ergasias returns to help us make a trade decision. For example, suppose you find that Eurobank Ergasias 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 |
Eurobank Ergasias 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 Eurobank Ergasias pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eurobank Ergasias pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eurobank Ergasias pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eurobank Ergasias Lagged Returns
When evaluating Eurobank Ergasias' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eurobank Ergasias pink sheet have on its future price. Eurobank Ergasias 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, Eurobank Ergasias autocorrelation shows the relationship between Eurobank Ergasias pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eurobank Ergasias SA.
Regressed Prices |
| Timeline |
Pair Trading with Eurobank Ergasias
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 Eurobank Ergasias 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 Eurobank Ergasias will appreciate offsetting losses from the drop in the long position's value.Moving against Eurobank Pink Sheet
| 0.62 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.45 | BNPQY | BNP Paribas SA Earnings Call This Week | PairCorr |
| 0.43 | BNPQF | BNP Paribas SA | PairCorr |
The ability to find closely correlated positions to Eurobank Ergasias could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eurobank Ergasias 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 Eurobank Ergasias - 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 Eurobank Ergasias SA to buy it.
The correlation of Eurobank Ergasias 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 Eurobank Ergasias moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eurobank Ergasias 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 Eurobank Ergasias 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 Eurobank Ergasias Correlation, Eurobank Ergasias Volatility and Eurobank Ergasias Alpha and Beta module to complement your research on Eurobank Ergasias. Note that the Eurobank Ergasias information on this page should be used as a complementary analysis to other Eurobank Ergasias' 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Eurobank Pink Sheet analysis
When running Eurobank Ergasias' price analysis, check to measure Eurobank Ergasias' 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 Eurobank Ergasias is operating at the current time. Most of Eurobank Ergasias' value examination focuses on studying past and present price action to predict the probability of Eurobank Ergasias' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eurobank Ergasias' price. Additionally, you may evaluate how the addition of Eurobank Ergasias to your portfolios can decrease your overall portfolio volatility.
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Eurobank Ergasias 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.