Elton International (Greece) Market Value
| ELTON Stock | EUR 1.84 0.01 0.54% |
| Symbol | Elton |
Elton International '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 Elton International'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 Elton International.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Elton International on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Elton International Trading or generate 0.0% return on investment in Elton International over 30 days. Elton International is related to or competes with Autohellas, Admie Holding, Hellenic Petroleum, Jumbo SA, and Mytilineos. Elton International Trading Company S.A. engages in trading raw materials, additives, chemicals, and other specialized p... More
Elton International 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 Elton International'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 Elton International Trading upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.0274 | |||
| Maximum Drawdown | 10.26 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 2.79 |
Elton International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elton International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elton International's standard deviation. In reality, there are many statistical measures that can use Elton International historical prices to predict the future Elton International's volatility.| Risk Adjusted Performance | 0.0805 | |||
| Jensen Alpha | 0.1125 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0277 | |||
| Treynor Ratio | 0.3911 |
Elton International Backtested Returns
At this point, Elton International is relatively risky. Elton International secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Elton International Trading, which you can use to evaluate the volatility of the firm. Please confirm Elton International's Downside Deviation of 1.61, coefficient of variation of 964.0, and Mean Deviation of 1.21 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Elton International has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elton International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elton International is expected to be smaller as well. Elton International right now shows a risk of 1.65%. Please confirm Elton International value at risk, as well as the relationship between the skewness and day median price , to decide if Elton International will be following its price patterns.
Auto-correlation | 0.68 |
Good predictability
Elton International Trading has good predictability. Overlapping area represents the amount of predictability between Elton International 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 Elton International price movement. The serial correlation of 0.68 indicates that around 68.0% of current Elton International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elton International lagged returns against current returns
Autocorrelation, which is Elton International 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 Elton International's stock expected returns. We can calculate the autocorrelation of Elton International returns to help us make a trade decision. For example, suppose you find that Elton International 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 |
Elton International 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 Elton International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elton International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elton International stock over time.
Current vs Lagged Prices |
| Timeline |
Elton International Lagged Returns
When evaluating Elton International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elton International stock have on its future price. Elton International 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, Elton International autocorrelation shows the relationship between Elton International stock current value and its past values and can show if there is a momentum factor associated with investing in Elton International Trading.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Elton Stock
Elton International financial ratios help investors to determine whether Elton 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 Elton with respect to the benefits of owning Elton International security.