Euronext (France) Market Value
| ENX Stock | EUR 105.70 0.40 0.38% |
| Symbol | Euronext |
Euronext '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 Euronext'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 Euronext.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Euronext on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Euronext NV or generate 0.0% return on investment in Euronext over 720 days. Euronext is related to or competes with Amundi SA, Teleperformance, Eurofins Scientific, and Sartorius Stedim. Euronext N.V., together with its subsidiaries, operates securities and derivatives exchanges in Continental Europe, Irel... More
Euronext 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 Euronext'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 Euronext NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.78 |
Euronext Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Euronext's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euronext's standard deviation. In reality, there are many statistical measures that can use Euronext historical prices to predict the future Euronext's volatility.| Risk Adjusted Performance | 0.099 | |||
| Jensen Alpha | 0.192 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | (0.29) |
Euronext NV Backtested Returns
At this point, Euronext is very steady. Euronext NV secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Euronext NV, which you can use to evaluate the volatility of the firm. Please confirm Euronext's Mean Deviation of 0.8162, coefficient of variation of 799.22, and Downside Deviation of 1.15 to check if the risk estimate we provide is consistent with the expected return of 0.14%. Euronext has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Euronext are expected to decrease at a much lower rate. During the bear market, Euronext is likely to outperform the market. Euronext NV right now shows a risk of 1.14%. Please confirm Euronext NV semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Euronext NV will be following its price patterns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Euronext NV has insignificant reverse predictability. Overlapping area represents the amount of predictability between Euronext time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Euronext NV price movement. The serial correlation of -0.19 indicates that over 19.0% of current Euronext price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 79.57 |
Euronext NV lagged returns against current returns
Autocorrelation, which is Euronext 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 Euronext's stock expected returns. We can calculate the autocorrelation of Euronext returns to help us make a trade decision. For example, suppose you find that Euronext 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 |
Euronext 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 Euronext stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euronext stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euronext stock over time.
Current vs Lagged Prices |
| Timeline |
Euronext Lagged Returns
When evaluating Euronext's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euronext stock have on its future price. Euronext 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, Euronext autocorrelation shows the relationship between Euronext stock current value and its past values and can show if there is a momentum factor associated with investing in Euronext NV.
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 Euronext Stock
Euronext financial ratios help investors to determine whether Euronext 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 Euronext with respect to the benefits of owning Euronext security.