Essilor International Sa Stock Market Value
| ESLOY Stock | USD 121.34 0.24 0.20% |
| Symbol | Essilor |
Essilor 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 Essilor International's pink sheet 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 Essilor International.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Essilor International on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Essilor International SA or generate 0.0% return on investment in Essilor International over 540 days. Essilor International is related to or competes with Sysmex Corp, Coloplast, Coloplast, Hoya Corp, Utah Medical, and AngioDynamics. EssilorLuxottica Socit anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in North... More
Essilor 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 Essilor International's pink sheet 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 Essilor International SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.17 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.75 |
Essilor International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Essilor International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Essilor International's standard deviation. In reality, there are many statistical measures that can use Essilor International historical prices to predict the future Essilor International's volatility.| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | 0.0046 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.1489 |
Essilor International Backtested Returns
At this stage we consider Essilor Pink Sheet to be very steady. Essilor International secures Sharpe Ratio (or Efficiency) of 0.0433, which denotes the company had a 0.0433% return per unit of risk over the last 3 months. We have found thirty technical indicators for Essilor International SA, which you can use to evaluate the volatility of the firm. Please confirm Essilor International's Coefficient Of Variation of 3702.26, downside deviation of 1.02, and Mean Deviation of 0.8499 to check if the risk estimate we provide is consistent with the expected return of 0.0496%. Essilor International has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Essilor International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Essilor International is expected to be smaller as well. Essilor International right now shows a risk of 1.15%. Please confirm Essilor International potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Essilor International will be following its price patterns.
Auto-correlation | 0.68 |
Good predictability
Essilor International SA has good predictability. Overlapping area represents the amount of predictability between Essilor International time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Essilor International price movement. The serial correlation of 0.68 indicates that around 68.0% of current Essilor International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 19.05 |
Essilor International lagged returns against current returns
Autocorrelation, which is Essilor International pink sheet'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 Essilor International's pink sheet expected returns. We can calculate the autocorrelation of Essilor International returns to help us make a trade decision. For example, suppose you find that Essilor International has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Essilor 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 Essilor International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Essilor International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Essilor International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Essilor International Lagged Returns
When evaluating Essilor International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Essilor International pink sheet have on its future price. Essilor 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, Essilor International autocorrelation shows the relationship between Essilor International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Essilor International SA.
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.Additional Tools for Essilor Pink Sheet Analysis
When running Essilor International's price analysis, check to measure Essilor International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Essilor International is operating at the current time. Most of Essilor International's value examination focuses on studying past and present price action to predict the probability of Essilor International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essilor International's price. Additionally, you may evaluate how the addition of Essilor International to your portfolios can decrease your overall portfolio volatility.