Groupe Gorgé (Germany) Market Value
| 2G3 Stock | EUR 21.45 0.25 1.15% |
| Symbol | Groupe |
Groupe Gorgé '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 Groupe Gorgé'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 Groupe Gorgé.
| 04/20/2024 |
| 05/20/2024 |
If you would invest 0.00 in Groupe Gorgé on April 20, 2024 and sell it all today you would earn a total of 0.00 from holding Groupe Gorg SA or generate 0.0% return on investment in Groupe Gorgé over 30 days. Groupe Gorgé is related to or competes with InPlay Oil, Playtech Plc, Playa Hotels, MIRAMAR HOTEL, Scandic Hotels, Sunstone Hotel, and BRAEMAR HOTELS. Groupe Gorg SA operates in the areas of drones and systems, engineering and protection systems, and 3D printing in Franc... More
Groupe Gorgé 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 Groupe Gorgé'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 Groupe Gorg SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.65 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 24.15 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 4.71 |
Groupe Gorgé Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Groupe Gorgé's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Groupe Gorgé's standard deviation. In reality, there are many statistical measures that can use Groupe Gorgé historical prices to predict the future Groupe Gorgé's volatility.| Risk Adjusted Performance | 0.0199 | |||
| Jensen Alpha | 0.1385 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Groupe Gorgé'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.
Groupe Gorg SA Backtested Returns
We consider Groupe Gorgé somewhat reliable. Groupe Gorg SA holds Efficiency (Sharpe) Ratio of 0.0197, which attests that the entity had a 0.0197% return per unit of risk over the last 3 months. We have found thirty technical indicators for Groupe Gorg SA, which you can use to evaluate the volatility of the firm. Please check out Groupe Gorgé's Risk Adjusted Performance of 0.0199, downside deviation of 4.65, and Market Risk Adjusted Performance of (0.06) to validate if the risk estimate we provide is consistent with the expected return of 0.0708%. Groupe Gorgé has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.87, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Groupe Gorgé are expected to decrease slowly. On the other hand, during market turmoil, Groupe Gorgé is expected to outperform it slightly. Groupe Gorg SA right now retains a risk of 3.59%. Please check out Groupe Gorgé standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Groupe Gorgé will be following its current trending patterns.
Auto-correlation | 0.39 |
Below average predictability
Groupe Gorg SA has below average predictability. Overlapping area represents the amount of predictability between Groupe Gorgé time series from 20th of April 2024 to 5th of May 2024 and 5th of May 2024 to 20th of May 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 Groupe Gorg SA price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Groupe Gorgé price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Groupe Gorg SA lagged returns against current returns
Autocorrelation, which is Groupe Gorgé 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 Groupe Gorgé's stock expected returns. We can calculate the autocorrelation of Groupe Gorgé returns to help us make a trade decision. For example, suppose you find that Groupe Gorgé 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 |
Groupe Gorgé 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 Groupe Gorgé stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Groupe Gorgé stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Groupe Gorgé stock over time.
Current vs Lagged Prices |
| Timeline |
Groupe Gorgé Lagged Returns
When evaluating Groupe Gorgé's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Groupe Gorgé stock have on its future price. Groupe Gorgé 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, Groupe Gorgé autocorrelation shows the relationship between Groupe Gorgé stock current value and its past values and can show if there is a momentum factor associated with investing in Groupe Gorg SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Groupe Gorgé Correlation, Groupe Gorgé Volatility and Groupe Gorgé Alpha and Beta module to complement your research on Groupe Gorgé. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Groupe Stock analysis
When running Groupe Gorgé's price analysis, check to measure Groupe Gorgé'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 Groupe Gorgé is operating at the current time. Most of Groupe Gorgé's value examination focuses on studying past and present price action to predict the probability of Groupe Gorgé's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Groupe Gorgé's price. Additionally, you may evaluate how the addition of Groupe Gorgé to your portfolios can decrease your overall portfolio volatility.
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |
Groupe Gorgé 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.