Esprinet SpA (Germany) Market Value
| EP4A Stock | EUR 4.08 0.19 4.45% |
| Symbol | Esprinet |
Esprinet SpA '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 Esprinet SpA'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 Esprinet SpA.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in Esprinet SpA on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Esprinet SpA or generate 0.0% return on investment in Esprinet SpA over 60 days. Esprinet SpA is related to or competes with ORMAT TECHNOLOGIES, BRIT AMER, GigaMedia, and Tencent Music. Esprinet S.p.A., together with its subsidiaries, engages in the wholesale distribution of information technology and con... More
Esprinet SpA 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 Esprinet SpA'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 Esprinet SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (4.45) | |||
| Potential Upside | 2.58 |
Esprinet SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Esprinet SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Esprinet SpA's standard deviation. In reality, there are many statistical measures that can use Esprinet SpA historical prices to predict the future Esprinet SpA's volatility.| Risk Adjusted Performance | (0.19) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (1.35) |
Esprinet SpA Backtested Returns
Esprinet SpA secures Sharpe Ratio (or Efficiency) of -0.19, which denotes the company had a -0.19% return per unit of risk over the last 3 months. Esprinet SpA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Esprinet SpA's Mean Deviation of 1.66, standard deviation of 2.17, and Variance of 4.72 to check the risk estimate we provide. 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, Esprinet SpA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Esprinet SpA is expected to be smaller as well. At this point, Esprinet SpA has a negative expected return of -0.43%. Please make sure to confirm Esprinet SpA's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Esprinet SpA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Esprinet SpA has below average predictability. Overlapping area represents the amount of predictability between Esprinet SpA time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Esprinet SpA price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Esprinet SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Esprinet SpA lagged returns against current returns
Autocorrelation, which is Esprinet SpA 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 Esprinet SpA's stock expected returns. We can calculate the autocorrelation of Esprinet SpA returns to help us make a trade decision. For example, suppose you find that Esprinet SpA 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 |
Esprinet SpA 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 Esprinet SpA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Esprinet SpA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Esprinet SpA stock over time.
Current vs Lagged Prices |
| Timeline |
Esprinet SpA Lagged Returns
When evaluating Esprinet SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Esprinet SpA stock have on its future price. Esprinet SpA 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, Esprinet SpA autocorrelation shows the relationship between Esprinet SpA stock current value and its past values and can show if there is a momentum factor associated with investing in Esprinet SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Esprinet Stock
Esprinet SpA financial ratios help investors to determine whether Esprinet 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 Esprinet with respect to the benefits of owning Esprinet SpA security.