Eutelsat Communications (France) Market Value
| ETL Stock | EUR 2.93 0.02 0.69% |
| Symbol | Eutelsat |
Eutelsat Communications '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 Eutelsat Communications' 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 Eutelsat Communications.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Eutelsat Communications on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Eutelsat Communications SA or generate 0.0% return on investment in Eutelsat Communications over 360 days. Eutelsat Communications is related to or competes with SES S, Rubis SCA, Coface SA, SCOR SE, and Nexity. Eutelsat Communications S.A. provides satellite related services More
Eutelsat Communications 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 Eutelsat Communications' 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 Eutelsat Communications SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 10.43 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 2.17 |
Eutelsat Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eutelsat Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eutelsat Communications' standard deviation. In reality, there are many statistical measures that can use Eutelsat Communications historical prices to predict the future Eutelsat Communications' volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | 1.4 |
Eutelsat Communications Backtested Returns
Eutelsat Communications secures Sharpe Ratio (or Efficiency) of -0.26, which denotes the company had a -0.26% return per unit of risk over the last 3 months. Eutelsat Communications SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eutelsat Communications' Mean Deviation of 1.7, standard deviation of 2.18, and Variance of 4.74 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.43, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eutelsat Communications are expected to decrease at a much lower rate. During the bear market, Eutelsat Communications is likely to outperform the market. At this point, Eutelsat Communications has a negative expected return of -0.57%. Please make sure to confirm Eutelsat Communications' accumulation distribution, and the relationship between the potential upside and day median price , to decide if Eutelsat Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Eutelsat Communications SA has good reverse predictability. Overlapping area represents the amount of predictability between Eutelsat Communications time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Eutelsat Communications price movement. The serial correlation of -0.55 indicates that about 55.0% of current Eutelsat Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Eutelsat Communications lagged returns against current returns
Autocorrelation, which is Eutelsat Communications 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 Eutelsat Communications' stock expected returns. We can calculate the autocorrelation of Eutelsat Communications returns to help us make a trade decision. For example, suppose you find that Eutelsat Communications 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 |
Eutelsat Communications 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 Eutelsat Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eutelsat Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eutelsat Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Eutelsat Communications Lagged Returns
When evaluating Eutelsat Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eutelsat Communications stock have on its future price. Eutelsat Communications 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, Eutelsat Communications autocorrelation shows the relationship between Eutelsat Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Eutelsat Communications 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.Other Information on Investing in Eutelsat Stock
Eutelsat Communications financial ratios help investors to determine whether Eutelsat 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 Eutelsat with respect to the benefits of owning Eutelsat Communications security.