Centrale DAchat (France) Market Value
| CAFO Stock | EUR 8.00 0.14 1.78% |
| Symbol | Centrale |
Centrale DAchat '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 Centrale DAchat'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 Centrale DAchat.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Centrale DAchat on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Centrale dAchat Franaise or generate 0.0% return on investment in Centrale DAchat over 30 days. Centrale DAchat is related to or competes with Vente Unique, Groupe Sfpi, Cegedim SA, SA Catana, and Burelle SA. Centrale dAchat Franaise pour lOutre-Mer Socit Anonyme provides home improvement products More
Centrale DAchat 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 Centrale DAchat'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 Centrale dAchat Franaise upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.91 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.0 |
Centrale DAchat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centrale DAchat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centrale DAchat's standard deviation. In reality, there are many statistical measures that can use Centrale DAchat historical prices to predict the future Centrale DAchat's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.62) |
Centrale dAchat Franaise Backtested Returns
Centrale dAchat Franaise secures Sharpe Ratio (or Efficiency) of -0.0053, which signifies that the company had a -0.0053% return per unit of risk over the last 3 months. Centrale dAchat Franaise exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centrale DAchat's Risk Adjusted Performance of (0.01), mean deviation of 0.8082, and Standard Deviation of 1.31 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0626, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Centrale DAchat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Centrale DAchat is expected to be smaller as well. At this point, Centrale dAchat Franaise has a negative expected return of -0.007%. Please make sure to confirm Centrale DAchat's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Centrale dAchat Franaise performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Centrale dAchat Franaise has modest predictability. Overlapping area represents the amount of predictability between Centrale DAchat time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Centrale dAchat Franaise price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Centrale DAchat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Centrale dAchat Franaise lagged returns against current returns
Autocorrelation, which is Centrale DAchat 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 Centrale DAchat's stock expected returns. We can calculate the autocorrelation of Centrale DAchat returns to help us make a trade decision. For example, suppose you find that Centrale DAchat 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 |
Centrale DAchat 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 Centrale DAchat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centrale DAchat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centrale DAchat stock over time.
Current vs Lagged Prices |
| Timeline |
Centrale DAchat Lagged Returns
When evaluating Centrale DAchat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centrale DAchat stock have on its future price. Centrale DAchat 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, Centrale DAchat autocorrelation shows the relationship between Centrale DAchat stock current value and its past values and can show if there is a momentum factor associated with investing in Centrale dAchat Franaise.
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 Centrale Stock
Centrale DAchat financial ratios help investors to determine whether Centrale 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 Centrale with respect to the benefits of owning Centrale DAchat security.