ELEMENT FLEET (Germany) Market Value
| 61F Stock | EUR 18.90 0.10 0.53% |
| Symbol | ELEMENT |
ELEMENT FLEET '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 ELEMENT FLEET'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 ELEMENT FLEET.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in ELEMENT FLEET on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding ELEMENT FLEET MGMT or generate 0.0% return on investment in ELEMENT FLEET over 180 days. ELEMENT FLEET is related to or competes with Ashtead Group, WillScot Mobile, Avis Budget, Sixt SE, Sixt SE, and Sixt SE. Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, Mexico, Australia, a... More
ELEMENT FLEET 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 ELEMENT FLEET'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 ELEMENT FLEET MGMT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.023 | |||
| Maximum Drawdown | 12.0 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 3.09 |
ELEMENT FLEET Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELEMENT FLEET's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ELEMENT FLEET's standard deviation. In reality, there are many statistical measures that can use ELEMENT FLEET historical prices to predict the future ELEMENT FLEET's volatility.| Risk Adjusted Performance | 0.037 | |||
| Jensen Alpha | 0.0561 | |||
| Total Risk Alpha | 0.0122 | |||
| Sortino Ratio | 0.0221 | |||
| Treynor Ratio | 0.1211 |
ELEMENT FLEET MGMT Backtested Returns
At this point, ELEMENT FLEET is very steady. ELEMENT FLEET MGMT secures Sharpe Ratio (or Efficiency) of 0.0431, which denotes the company had a 0.0431% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ELEMENT FLEET MGMT, which you can use to evaluate the volatility of the firm. Please confirm ELEMENT FLEET's downside deviation of 2.11, and Mean Deviation of 1.33 to check if the risk estimate we provide is consistent with the expected return of 0.087%. ELEMENT FLEET has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, ELEMENT FLEET's returns are expected to increase less than the market. However, during the bear market, the loss of holding ELEMENT FLEET is expected to be smaller as well. ELEMENT FLEET MGMT at this time shows a risk of 2.02%. Please confirm ELEMENT FLEET MGMT semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if ELEMENT FLEET MGMT will be following its price patterns.
Auto-correlation | 0.57 |
Modest predictability
ELEMENT FLEET MGMT has modest predictability. Overlapping area represents the amount of predictability between ELEMENT FLEET time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd of December 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 ELEMENT FLEET MGMT price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current ELEMENT FLEET price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
ELEMENT FLEET MGMT lagged returns against current returns
Autocorrelation, which is ELEMENT FLEET 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 ELEMENT FLEET's stock expected returns. We can calculate the autocorrelation of ELEMENT FLEET returns to help us make a trade decision. For example, suppose you find that ELEMENT FLEET 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 |
ELEMENT FLEET 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 ELEMENT FLEET stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ELEMENT FLEET stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ELEMENT FLEET stock over time.
Current vs Lagged Prices |
| Timeline |
ELEMENT FLEET Lagged Returns
When evaluating ELEMENT FLEET's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ELEMENT FLEET stock have on its future price. ELEMENT FLEET 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, ELEMENT FLEET autocorrelation shows the relationship between ELEMENT FLEET stock current value and its past values and can show if there is a momentum factor associated with investing in ELEMENT FLEET MGMT.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ELEMENT Stock
ELEMENT FLEET financial ratios help investors to determine whether ELEMENT 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 ELEMENT with respect to the benefits of owning ELEMENT FLEET security.