PIAGGIO C (Germany) Market Value
| P1I Stock | EUR 2.85 0.03 1.04% |
| Symbol | PIAGGIO |
PIAGGIO C '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 PIAGGIO C'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 PIAGGIO C.
| 05/08/2024 |
| 06/07/2024 |
If you would invest 0.00 in PIAGGIO C on May 8, 2024 and sell it all today you would earn a total of 0.00 from holding PIAGGIO C or generate 0.0% return on investment in PIAGGIO C over 30 days. PIAGGIO C is related to or competes with Apple, Apple, Apple, Microsoft, Microsoft, Microsoft, and Amazon. More
PIAGGIO C 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 PIAGGIO C'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 PIAGGIO C upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.18 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.55 |
PIAGGIO C Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIAGGIO C's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIAGGIO C's standard deviation. In reality, there are many statistical measures that can use PIAGGIO C historical prices to predict the future PIAGGIO C's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.4068 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PIAGGIO C'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.
PIAGGIO C Backtested Returns
We consider PIAGGIO C slightly risky. PIAGGIO C retains Efficiency (Sharpe Ratio) of 0.0779, which implies the firm had a 0.0779% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for PIAGGIO C, which you can use to evaluate the volatility of the company. Please check PIAGGIO C's coefficient of variation of (3,760), and Market Risk Adjusted Performance of 0.4168 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. PIAGGIO C has a performance score of 6 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PIAGGIO C are expected to decrease at a much lower rate. During the bear market, PIAGGIO C is likely to outperform the market. PIAGGIO C now owns a risk of 1.47%. Please check PIAGGIO C mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if PIAGGIO C will be following its current price history.
Auto-correlation | 0.08 |
Virtually no predictability
PIAGGIO C has virtually no predictability. Overlapping area represents the amount of predictability between PIAGGIO C time series from 8th of May 2024 to 23rd of May 2024 and 23rd of May 2024 to 7th of June 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 PIAGGIO C price movement. The serial correlation of 0.08 indicates that barely 8.0% of current PIAGGIO C price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PIAGGIO C lagged returns against current returns
Autocorrelation, which is PIAGGIO C 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 PIAGGIO C's stock expected returns. We can calculate the autocorrelation of PIAGGIO C returns to help us make a trade decision. For example, suppose you find that PIAGGIO C 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 |
PIAGGIO C 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 PIAGGIO C stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIAGGIO C stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIAGGIO C stock over time.
Current vs Lagged Prices |
| Timeline |
PIAGGIO C Lagged Returns
When evaluating PIAGGIO C's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIAGGIO C stock have on its future price. PIAGGIO C 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, PIAGGIO C autocorrelation shows the relationship between PIAGGIO C stock current value and its past values and can show if there is a momentum factor associated with investing in PIAGGIO C.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in PIAGGIO Stock
PIAGGIO C financial ratios help investors to determine whether PIAGGIO Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PIAGGIO with respect to the benefits of owning PIAGGIO C security.