EasyJet Plc (Germany) Market Value
EJT1 Stock | EUR 6.48 0.24 3.85% |
Symbol | EasyJet |
EasyJet Plc '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 EasyJet Plc'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 EasyJet Plc.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in EasyJet Plc on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding EasyJet Plc or generate 0.0% return on investment in EasyJet Plc over 30 days. EasyJet Plc is related to or competes with RELIANCE STEEL, GFL ENVIRONM, Platinum Investment, Sims Metal, Value Management, and CEOTRONICS. easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe More
EasyJet Plc 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 EasyJet Plc'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 EasyJet Plc upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.75 | |||
Information Ratio | 0.042 | |||
Maximum Drawdown | 9.18 | |||
Value At Risk | (2.45) | |||
Potential Upside | 3.5 |
EasyJet Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EasyJet Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EasyJet Plc's standard deviation. In reality, there are many statistical measures that can use EasyJet Plc historical prices to predict the future EasyJet Plc's volatility.Risk Adjusted Performance | 0.0689 | |||
Jensen Alpha | 0.1516 | |||
Total Risk Alpha | (0.23) | |||
Sortino Ratio | 0.0468 | |||
Treynor Ratio | 0.4679 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EasyJet Plc'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.
EasyJet Plc Backtested Returns
EasyJet Plc appears to be somewhat reliable, given 3 months investment horizon. EasyJet Plc secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for EasyJet Plc, which you can use to evaluate the volatility of the firm. Please utilize EasyJet Plc's Mean Deviation of 1.47, coefficient of variation of 899.26, and Downside Deviation of 1.75 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EasyJet Plc holds a performance score of 8. The firm shows a Beta (market volatility) of 0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, EasyJet Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding EasyJet Plc is expected to be smaller as well. Please check EasyJet Plc's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether EasyJet Plc's price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
EasyJet Plc has weak reverse predictability. Overlapping area represents the amount of predictability between EasyJet Plc time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 EasyJet Plc price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current EasyJet Plc price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.3 | |
Spearman Rank Test | -0.14 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
EasyJet Plc lagged returns against current returns
Autocorrelation, which is EasyJet Plc 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 EasyJet Plc's stock expected returns. We can calculate the autocorrelation of EasyJet Plc returns to help us make a trade decision. For example, suppose you find that EasyJet Plc 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 |
EasyJet Plc 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 EasyJet Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EasyJet Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EasyJet Plc stock over time.
Current vs Lagged Prices |
Timeline |
EasyJet Plc Lagged Returns
When evaluating EasyJet Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EasyJet Plc stock have on its future price. EasyJet Plc 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, EasyJet Plc autocorrelation shows the relationship between EasyJet Plc stock current value and its past values and can show if there is a momentum factor associated with investing in EasyJet Plc.
Regressed Prices |
Timeline |
Pair Trading with EasyJet Plc
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 EasyJet Plc 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 EasyJet Plc will appreciate offsetting losses from the drop in the long position's value.Moving together with EasyJet Stock
0.74 | RY4D | RYANAIR HLDGS ADR | PairCorr |
Moving against EasyJet Stock
0.73 | RNF | Meteoric Resources | PairCorr |
0.56 | AD2B | AIR CHINA LTD | PairCorr |
0.56 | 3HB | HYBRIGENICS A- | PairCorr |
0.48 | GAG | GORE German Office | PairCorr |
0.43 | DBPD | Xtrackers - ShortDAX | PairCorr |
The ability to find closely correlated positions to EasyJet Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EasyJet Plc 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 EasyJet Plc - 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 EasyJet Plc to buy it.
The correlation of EasyJet Plc 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 EasyJet Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EasyJet Plc 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 EasyJet Plc 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 EasyJet Plc Correlation, EasyJet Plc Volatility and EasyJet Plc Alpha and Beta module to complement your research on EasyJet Plc. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for EasyJet Stock analysis
When running EasyJet Plc's price analysis, check to measure EasyJet Plc'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 EasyJet Plc is operating at the current time. Most of EasyJet Plc's value examination focuses on studying past and present price action to predict the probability of EasyJet Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EasyJet Plc's price. Additionally, you may evaluate how the addition of EasyJet Plc to your portfolios can decrease your overall portfolio volatility.
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EasyJet Plc 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.