Carrefour (France) Market Value
| CA Stock | EUR 14.40 0.16 1.10% |
| Symbol | Carrefour |
Carrefour '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 Carrefour'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 Carrefour.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Carrefour on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Carrefour SA or generate 0.0% return on investment in Carrefour over 540 days. Carrefour is related to or competes with Danone SA, Renault SA, AXA SA, Compagnie, and Bouygues. Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, ... More
Carrefour 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 Carrefour'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 Carrefour SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.37 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 1.78 |
Carrefour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carrefour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carrefour's standard deviation. In reality, there are many statistical measures that can use Carrefour historical prices to predict the future Carrefour's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.31) |
Carrefour SA Backtested Returns
Carrefour SA secures Sharpe Ratio (or Efficiency) of -0.0135, which signifies that the company had a -0.0135% return per unit of risk over the last 3 months. Carrefour SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carrefour's insignificant Risk Adjusted Performance, mean deviation of 0.8446, and Standard Deviation of 1.15 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0729, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Carrefour's returns are expected to increase less than the market. However, during the bear market, the loss of holding Carrefour is expected to be smaller as well. At this point, Carrefour SA has a negative expected return of -0.0156%. Please make sure to confirm Carrefour's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Carrefour SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Carrefour SA has poor predictability. Overlapping area represents the amount of predictability between Carrefour time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Carrefour SA price movement. The serial correlation of 0.25 indicates that over 25.0% of current Carrefour price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Carrefour SA lagged returns against current returns
Autocorrelation, which is Carrefour 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 Carrefour's stock expected returns. We can calculate the autocorrelation of Carrefour returns to help us make a trade decision. For example, suppose you find that Carrefour 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 |
Carrefour 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 Carrefour stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carrefour stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carrefour stock over time.
Current vs Lagged Prices |
| Timeline |
Carrefour Lagged Returns
When evaluating Carrefour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carrefour stock have on its future price. Carrefour 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, Carrefour autocorrelation shows the relationship between Carrefour stock current value and its past values and can show if there is a momentum factor associated with investing in Carrefour SA.
Regressed Prices |
| Timeline |
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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 Carrefour Stock
Carrefour financial ratios help investors to determine whether Carrefour 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 Carrefour with respect to the benefits of owning Carrefour security.