Compagnie Generale (France) Market Value
| ML Stock | EUR 35.99 0.03 0.08% |
| Symbol | Compagnie |
Compagnie Generale '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 Compagnie Generale'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 Compagnie Generale.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Compagnie Generale on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Compagnie Generale des or generate 0.0% return on investment in Compagnie Generale over 30 days. Compagnie Generale is related to or competes with Savencia, Compagnie, Akwel SA, and Wendel. Compagnie Gnrale des tablissements Michelin Socit en commandite par actions manufactures and sells tires worldwide More
Compagnie Generale 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 Compagnie Generale'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 Compagnie Generale des upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.695 | |||
| Information Ratio | 0.137 | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.76 |
Compagnie Generale Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compagnie Generale's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compagnie Generale's standard deviation. In reality, there are many statistical measures that can use Compagnie Generale historical prices to predict the future Compagnie Generale's volatility.| Risk Adjusted Performance | 0.1409 | |||
| Jensen Alpha | 0.2464 | |||
| Total Risk Alpha | 0.0855 | |||
| Sortino Ratio | 0.2304 | |||
| Treynor Ratio | (22.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compagnie Generale'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.
Compagnie Generale des Backtested Returns
Compagnie Generale appears to be out of control, given 3 months investment horizon. Compagnie Generale des secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Compagnie Generale des, which you can use to evaluate the volatility of the firm. Please makes use of Compagnie Generale's Mean Deviation of 0.7833, downside deviation of 0.695, and Risk Adjusted Performance of 0.1409 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Compagnie Generale holds a performance score of 15. The firm shows a Beta (market volatility) of -0.0109, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Compagnie Generale are expected to decrease at a much lower rate. During the bear market, Compagnie Generale is likely to outperform the market. Please check Compagnie Generale's total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether Compagnie Generale's price patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Compagnie Generale des has insignificant predictability. Overlapping area represents the amount of predictability between Compagnie Generale 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 Compagnie Generale des price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Compagnie Generale price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Compagnie Generale des lagged returns against current returns
Autocorrelation, which is Compagnie Generale 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 Compagnie Generale's stock expected returns. We can calculate the autocorrelation of Compagnie Generale returns to help us make a trade decision. For example, suppose you find that Compagnie Generale 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 |
Compagnie Generale 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 Compagnie Generale stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compagnie Generale stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compagnie Generale stock over time.
Current vs Lagged Prices |
| Timeline |
Compagnie Generale Lagged Returns
When evaluating Compagnie Generale's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compagnie Generale stock have on its future price. Compagnie Generale 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, Compagnie Generale autocorrelation shows the relationship between Compagnie Generale stock current value and its past values and can show if there is a momentum factor associated with investing in Compagnie Generale des.
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 Compagnie Generale 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, Compagnie Generale's short interest history, or implied volatility extrapolated from Compagnie Generale options trading.
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Complementary Tools for Compagnie Stock analysis
When running Compagnie Generale's price analysis, check to measure Compagnie Generale'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 Compagnie Generale is operating at the current time. Most of Compagnie Generale's value examination focuses on studying past and present price action to predict the probability of Compagnie Generale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compagnie Generale's price. Additionally, you may evaluate how the addition of Compagnie Generale to your portfolios can decrease your overall portfolio volatility.
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Compagnie Generale 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.