Plasticos Compuestos (Spain) Market Value
| KOM Stock | EUR 1.01 0.00 0.00% |
| Symbol | Plasticos |
Plasticos Compuestos '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 Plasticos Compuestos' 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 Plasticos Compuestos.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Plasticos Compuestos on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Plasticos Compuestos SA or generate 0.0% return on investment in Plasticos Compuestos over 90 days. Plasticos Compuestos is related to or competes with Petroleo Brasileiro, Vale SA, Banco Santander, Telefonica, Iberdrola, Banco Bilbao, and Caixabank. Plsticos Compuestos, S.A. design, production, and marketing of mineral filler concentrates and color concentrates and ad... More
Plasticos Compuestos 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 Plasticos Compuestos' 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 Plasticos Compuestos SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 26.17 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 4.12 |
Plasticos Compuestos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plasticos Compuestos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plasticos Compuestos' standard deviation. In reality, there are many statistical measures that can use Plasticos Compuestos historical prices to predict the future Plasticos Compuestos' volatility.| Risk Adjusted Performance | 0.0051 | |||
| Jensen Alpha | 0.019 | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.0641 |
Plasticos Compuestos Backtested Returns
Plasticos Compuestos maintains Sharpe Ratio (i.e., Efficiency) of -0.0041, which implies the firm had a -0.0041% return per unit of risk over the last 3 months. Plasticos Compuestos exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plasticos Compuestos' Coefficient Of Variation of (25,017), risk adjusted performance of 0.0051, and Variance of 12.63 to confirm the risk estimate we provide. The company holds a Beta of -0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Plasticos Compuestos are expected to decrease at a much lower rate. During the bear market, Plasticos Compuestos is likely to outperform the market. At this point, Plasticos Compuestos has a negative expected return of -0.0147%. Please make sure to check Plasticos Compuestos' potential upside, rate of daily change, as well as the relationship between the jensen alpha and standard deviation , to decide if Plasticos Compuestos performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Plasticos Compuestos SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Plasticos Compuestos time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Plasticos Compuestos price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Plasticos Compuestos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Plasticos Compuestos lagged returns against current returns
Autocorrelation, which is Plasticos Compuestos 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 Plasticos Compuestos' stock expected returns. We can calculate the autocorrelation of Plasticos Compuestos returns to help us make a trade decision. For example, suppose you find that Plasticos Compuestos 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 |
Plasticos Compuestos 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 Plasticos Compuestos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plasticos Compuestos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plasticos Compuestos stock over time.
Current vs Lagged Prices |
| Timeline |
Plasticos Compuestos Lagged Returns
When evaluating Plasticos Compuestos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plasticos Compuestos stock have on its future price. Plasticos Compuestos 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, Plasticos Compuestos autocorrelation shows the relationship between Plasticos Compuestos stock current value and its past values and can show if there is a momentum factor associated with investing in Plasticos Compuestos SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Plasticos Stock
Plasticos Compuestos financial ratios help investors to determine whether Plasticos 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 Plasticos with respect to the benefits of owning Plasticos Compuestos security.