FlatexDEGIRO (Germany) Market Value
| FTK Stock | 14.79 0.08 0.54% |
| Symbol | FlatexDEGIRO |
FlatexDEGIRO '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 FlatexDEGIRO'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 FlatexDEGIRO.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in FlatexDEGIRO on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding flatexDEGIRO AG or generate 0.0% return on investment in FlatexDEGIRO over 60 days. FlatexDEGIRO is related to or competes with Morgan Stanley, Morgan Stanley, Charles Schwab, Goldman Sachs, Goldman Sachs, SP Global, and Moodys. More
FlatexDEGIRO 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 FlatexDEGIRO'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 flatexDEGIRO AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.1272 | |||
| Maximum Drawdown | 11.03 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 3.99 |
FlatexDEGIRO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FlatexDEGIRO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FlatexDEGIRO's standard deviation. In reality, there are many statistical measures that can use FlatexDEGIRO historical prices to predict the future FlatexDEGIRO's volatility.| Risk Adjusted Performance | 0.1199 | |||
| Jensen Alpha | 0.2676 | |||
| Total Risk Alpha | 0.2141 | |||
| Sortino Ratio | 0.154 | |||
| Treynor Ratio | 9.12 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FlatexDEGIRO's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
flatexDEGIRO AG Backtested Returns
FlatexDEGIRO appears to be not too volatile, given 3 months investment horizon. flatexDEGIRO AG secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for flatexDEGIRO AG, which you can use to evaluate the volatility of the firm. Please utilize FlatexDEGIRO's Semi Deviation of 1.28, risk adjusted performance of 0.1199, and Mean Deviation of 1.31 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FlatexDEGIRO holds a performance score of 11. The firm shows a Beta (market volatility) of 0.0294, which means not very significant fluctuations relative to the market. As returns on the market increase, FlatexDEGIRO's returns are expected to increase less than the market. However, during the bear market, the loss of holding FlatexDEGIRO is expected to be smaller as well. Please check FlatexDEGIRO's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether FlatexDEGIRO's price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
flatexDEGIRO AG has insignificant predictability. Overlapping area represents the amount of predictability between FlatexDEGIRO 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 flatexDEGIRO AG price movement. The serial correlation of 0.1 indicates that less than 10.0% of current FlatexDEGIRO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
flatexDEGIRO AG lagged returns against current returns
Autocorrelation, which is FlatexDEGIRO 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 FlatexDEGIRO's stock expected returns. We can calculate the autocorrelation of FlatexDEGIRO returns to help us make a trade decision. For example, suppose you find that FlatexDEGIRO 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 |
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FlatexDEGIRO 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 FlatexDEGIRO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FlatexDEGIRO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FlatexDEGIRO stock over time.
Current vs Lagged Prices |
| Timeline |
FlatexDEGIRO Lagged Returns
When evaluating FlatexDEGIRO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FlatexDEGIRO stock have on its future price. FlatexDEGIRO 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, FlatexDEGIRO autocorrelation shows the relationship between FlatexDEGIRO stock current value and its past values and can show if there is a momentum factor associated with investing in flatexDEGIRO AG.
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 FlatexDEGIRO Stock Analysis
When running FlatexDEGIRO's price analysis, check to measure FlatexDEGIRO'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 FlatexDEGIRO is operating at the current time. Most of FlatexDEGIRO's value examination focuses on studying past and present price action to predict the probability of FlatexDEGIRO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FlatexDEGIRO's price. Additionally, you may evaluate how the addition of FlatexDEGIRO to your portfolios can decrease your overall portfolio volatility.