Everest Group (Germany) Market Value
| ERE Stock | EUR 334.20 3.40 1.01% |
| Symbol | Everest |
Everest Group '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 Everest Group'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 Everest Group.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Everest Group on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Everest Group or generate 0.0% return on investment in Everest Group over 30 days. Everest Group is related to or competes with MUENCHRUECKUNSADR, Swiss Re, HANNRUECKVSE ADR, Reinsurance Group, RenaissanceRe Holdings, and SCOR SE. Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Berm... More
Everest Group 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 Everest Group'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 Everest Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.97 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 3.13 |
Everest Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everest Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everest Group's standard deviation. In reality, there are many statistical measures that can use Everest Group historical prices to predict the future Everest Group's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.04) |
Everest Group Backtested Returns
Everest Group secures Sharpe Ratio (or Efficiency) of -0.0274, which denotes the company had a -0.0274% return per unit of risk over the last 3 months. Everest Group exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everest Group's Mean Deviation of 1.31, variance of 3.55, and Standard Deviation of 1.88 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.93, which means possible diversification benefits within a given portfolio. Everest Group returns are very sensitive to returns on the market. As the market goes up or down, Everest Group is expected to follow. At this point, Everest Group has a negative expected return of -0.0513%. Please make sure to confirm Everest Group's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Everest Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Everest Group has good predictability. Overlapping area represents the amount of predictability between Everest Group time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 Everest Group price movement. The serial correlation of 0.67 indicates that around 67.0% of current Everest Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 27.23 |
Everest Group lagged returns against current returns
Autocorrelation, which is Everest Group 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 Everest Group's stock expected returns. We can calculate the autocorrelation of Everest Group returns to help us make a trade decision. For example, suppose you find that Everest Group 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 |
Everest Group 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 Everest Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everest Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everest Group stock over time.
Current vs Lagged Prices |
| Timeline |
Everest Group Lagged Returns
When evaluating Everest Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everest Group stock have on its future price. Everest Group 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, Everest Group autocorrelation shows the relationship between Everest Group stock current value and its past values and can show if there is a momentum factor associated with investing in Everest Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Everest Stock
When determining whether Everest Group is a strong investment it is important to analyze Everest Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Everest Group's future performance. For an informed investment choice regarding Everest Stock, refer to the following important reports:Check out Everest Group Correlation, Everest Group Volatility and Everest Group Alpha and Beta module to complement your research on Everest Group. For more detail on how to invest in Everest Stock please use our How to Invest in Everest Group guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Everest Group technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.