Prysmian Spa Stock Market Value
| PRYMF Stock | USD 52.49 0.98 1.83% |
| Symbol | Prysmian |
Prysmian SpA '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 Prysmian SpA's pink sheet 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 Prysmian SpA.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Prysmian SpA on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Prysmian SpA or generate 0.0% return on investment in Prysmian SpA over 720 days. Prysmian SpA is related to or competes with Sunrise New, Alfen NV, ADS TEC, and Ads Tec. Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells cables and systems, and related access... More
Prysmian SpA 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 Prysmian SpA's pink sheet 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 Prysmian SpA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.07 | |||
| Information Ratio | 0.0896 | |||
| Maximum Drawdown | 19.36 | |||
| Value At Risk | (7.38) | |||
| Potential Upside | 6.53 |
Prysmian SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prysmian SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prysmian SpA's standard deviation. In reality, there are many statistical measures that can use Prysmian SpA historical prices to predict the future Prysmian SpA's volatility.| Risk Adjusted Performance | 0.0789 | |||
| Jensen Alpha | 0.4131 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.072 | |||
| Treynor Ratio | 1.03 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prysmian SpA'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.
Prysmian SpA Backtested Returns
Prysmian SpA appears to be very steady, given 3 months investment horizon. Prysmian SpA maintains Sharpe Ratio (i.e., Efficiency) of 0.0831, which implies the firm had a 0.0831% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prysmian SpA, which you can use to evaluate the volatility of the company. Please evaluate Prysmian SpA's Semi Deviation of 3.91, risk adjusted performance of 0.0789, and Coefficient Of Variation of 885.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prysmian SpA holds a performance score of 6. The company holds a Beta of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prysmian SpA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prysmian SpA is expected to be smaller as well. Please check Prysmian SpA's semi variance, as well as the relationship between the rate of daily change and relative strength index , to make a quick decision on whether Prysmian SpA's historical price patterns will revert.
Auto-correlation | 0.69 |
Good predictability
Prysmian SpA has good predictability. Overlapping area represents the amount of predictability between Prysmian SpA time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Prysmian SpA price movement. The serial correlation of 0.69 indicates that around 69.0% of current Prysmian SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 26.97 |
Prysmian SpA lagged returns against current returns
Autocorrelation, which is Prysmian SpA pink sheet'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 Prysmian SpA's pink sheet expected returns. We can calculate the autocorrelation of Prysmian SpA returns to help us make a trade decision. For example, suppose you find that Prysmian SpA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Prysmian SpA 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 Prysmian SpA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prysmian SpA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prysmian SpA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Prysmian SpA Lagged Returns
When evaluating Prysmian SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prysmian SpA pink sheet have on its future price. Prysmian SpA 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, Prysmian SpA autocorrelation shows the relationship between Prysmian SpA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Prysmian SpA.
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 Prysmian SpA 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, Prysmian SpA's short interest history, or implied volatility extrapolated from Prysmian SpA options trading.
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Check out Prysmian SpA Correlation, Prysmian SpA Volatility and Prysmian SpA Alpha and Beta module to complement your research on Prysmian SpA. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Prysmian Pink Sheet analysis
When running Prysmian SpA's price analysis, check to measure Prysmian SpA'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 Prysmian SpA is operating at the current time. Most of Prysmian SpA's value examination focuses on studying past and present price action to predict the probability of Prysmian SpA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prysmian SpA's price. Additionally, you may evaluate how the addition of Prysmian SpA to your portfolios can decrease your overall portfolio volatility.
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Prysmian SpA technical pink sheet 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, pink sheet market cycles, or different charting patterns.