Daios Plastics (Greece) Market Value
| DAIOS Stock | EUR 3.58 0.30 9.15% |
| Symbol | Daios |
Daios Plastics '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 Daios Plastics' 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 Daios Plastics.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Daios Plastics on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Daios Plastics SA or generate 0.0% return on investment in Daios Plastics over 180 days. Daios Plastics is related to or competes with Ktima Kostas, Centric Holdings, Trastor Real, and As Commercial. Daios Plastics S.A. produces and sells plastic films for agricultural applications in Europe and internationally More
Daios Plastics 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 Daios Plastics' 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 Daios Plastics SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.26 | |||
| Information Ratio | 0.0182 | |||
| Maximum Drawdown | 17.31 | |||
| Value At Risk | (6.56) | |||
| Potential Upside | 7.36 |
Daios Plastics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daios Plastics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daios Plastics' standard deviation. In reality, there are many statistical measures that can use Daios Plastics historical prices to predict the future Daios Plastics' volatility.| Risk Adjusted Performance | 0.0518 | |||
| Jensen Alpha | 0.1283 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0102 | |||
| Treynor Ratio | 0.3872 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Daios Plastics' 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.
Daios Plastics SA Backtested Returns
Daios Plastics appears to be unstable, given 3 months investment horizon. Daios Plastics SA secures Sharpe Ratio (or Efficiency) of 0.0543, which denotes the company had a 0.0543% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Daios Plastics SA, which you can use to evaluate the volatility of the firm. Please utilize Daios Plastics' Downside Deviation of 6.26, coefficient of variation of 1737.58, and Mean Deviation of 1.9 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Daios Plastics holds a performance score of 4. The firm shows a Beta (market volatility) of 0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, Daios Plastics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Daios Plastics is expected to be smaller as well. Please check Daios Plastics' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Daios Plastics' price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Daios Plastics SA has modest reverse predictability. Overlapping area represents the amount of predictability between Daios Plastics time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Daios Plastics SA price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Daios Plastics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Daios Plastics SA lagged returns against current returns
Autocorrelation, which is Daios Plastics 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 Daios Plastics' stock expected returns. We can calculate the autocorrelation of Daios Plastics returns to help us make a trade decision. For example, suppose you find that Daios Plastics 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 |
Daios Plastics 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 Daios Plastics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daios Plastics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daios Plastics stock over time.
Current vs Lagged Prices |
| Timeline |
Daios Plastics Lagged Returns
When evaluating Daios Plastics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daios Plastics stock have on its future price. Daios Plastics 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, Daios Plastics autocorrelation shows the relationship between Daios Plastics stock current value and its past values and can show if there is a momentum factor associated with investing in Daios Plastics SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Daios Stock
Daios Plastics financial ratios help investors to determine whether Daios 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 Daios with respect to the benefits of owning Daios Plastics security.