Chargeurs (France) Market Value
| CRI Stock | EUR 11.16 0.16 1.41% |
| Symbol | Chargeurs |
Chargeurs '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 Chargeurs' 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 Chargeurs.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Chargeurs on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Chargeurs SA or generate 0.0% return on investment in Chargeurs over 30 days. Chargeurs is related to or competes with Derichebourg, Trigano SA, Rubis SCA, BigBen Interactive, and Gaztransport Technigaz. Chargeurs SA operates as a manufacturing and services company in France and internationally More
Chargeurs 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 Chargeurs' 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 Chargeurs SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 7.96 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 0.5059 |
Chargeurs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chargeurs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chargeurs' standard deviation. In reality, there are many statistical measures that can use Chargeurs historical prices to predict the future Chargeurs' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chargeurs' 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.
Chargeurs SA Backtested Returns
Chargeurs SA secures Sharpe Ratio (or Efficiency) of -0.0627, which signifies that the company had a -0.0627% return per unit of standard deviation over the last 3 months. Chargeurs SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chargeurs' mean deviation of 0.5855, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chargeurs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Chargeurs is expected to be smaller as well. Chargeurs SA has an expected return of -0.085%. Please make sure to confirm Chargeurs SA coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if Chargeurs SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Chargeurs SA has good predictability. Overlapping area represents the amount of predictability between Chargeurs time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Chargeurs SA price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Chargeurs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Chargeurs SA lagged returns against current returns
Autocorrelation, which is Chargeurs 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 Chargeurs' stock expected returns. We can calculate the autocorrelation of Chargeurs returns to help us make a trade decision. For example, suppose you find that Chargeurs 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 |
Chargeurs 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 Chargeurs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chargeurs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chargeurs stock over time.
Current vs Lagged Prices |
| Timeline |
Chargeurs Lagged Returns
When evaluating Chargeurs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chargeurs stock have on its future price. Chargeurs 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, Chargeurs autocorrelation shows the relationship between Chargeurs stock current value and its past values and can show if there is a momentum factor associated with investing in Chargeurs SA.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Chargeurs in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Chargeurs' short interest history, or implied volatility extrapolated from Chargeurs options trading.
Pair Trading with Chargeurs
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 Chargeurs 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 Chargeurs will appreciate offsetting losses from the drop in the long position's value.Moving against Chargeurs Stock
| 0.78 | TTE | TotalEnergies SE Earnings Call This Week | PairCorr |
| 0.66 | ACA | Credit Agricole SA | PairCorr |
| 0.66 | GNE | General Electric | PairCorr |
| 0.63 | ENGI | Engie SA | PairCorr |
| 0.62 | BNP | BNP Paribas SA Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Chargeurs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chargeurs 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 Chargeurs - 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 Chargeurs SA to buy it.
The correlation of Chargeurs 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 Chargeurs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chargeurs SA 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 Chargeurs 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 Chargeurs Correlation, Chargeurs Volatility and Chargeurs Alpha and Beta module to complement your research on Chargeurs. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Chargeurs Stock analysis
When running Chargeurs' price analysis, check to measure Chargeurs' 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 Chargeurs is operating at the current time. Most of Chargeurs' value examination focuses on studying past and present price action to predict the probability of Chargeurs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chargeurs' price. Additionally, you may evaluate how the addition of Chargeurs to your portfolios can decrease your overall portfolio volatility.
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Chargeurs 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.