Parx Plastics (France) Market Value
| MLPRX Stock | EUR 0.30 0.00 0.00% |
| Symbol | Parx |
Parx Plastics '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 Parx Plastics' 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 Parx Plastics.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Parx Plastics on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Parx Plastics NV or generate 0.0% return on investment in Parx Plastics over 30 days. Parx Plastics is related to or competes with Biosynex, Eurobio Scientific, Novacyt, and Intrasense. Parx Materials N.V. develops, manufactures, and markets antibacterialantimicrobial plastics worldwide More
Parx Plastics 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 Parx Plastics' 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 Parx Plastics NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.3547 | |||
| Maximum Drawdown | 26.45 | |||
| Potential Upside | 13.04 |
Parx Plastics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parx Plastics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parx Plastics' standard deviation. In reality, there are many statistical measures that can use Parx Plastics historical prices to predict the future Parx Plastics' volatility.| Risk Adjusted Performance | 0.2946 | |||
| Jensen Alpha | 1.76 | |||
| Total Risk Alpha | 1.64 | |||
| Treynor Ratio | 2.17 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Parx Plastics' 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.
Parx Plastics NV Backtested Returns
Parx Plastics is out of control given 3 months investment horizon. Parx Plastics NV maintains Sharpe Ratio (i.e., Efficiency) of 0.36, which implies the firm had a 0.36% return per unit of risk over the last 3 months. We were able to interpolate data for seventeen different technical indicators, which can help you to evaluate if expected returns of 1.82% are justified by taking the suggested risk. Use Parx Plastics Variance of 24.58, risk adjusted performance of 0.2946, and Coefficient Of Variation of 276.86 to evaluate company specific risk that cannot be diversified away. Parx Plastics holds a performance score of 28 on a scale of zero to a hundred. The company holds a Beta of 0.82, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Parx Plastics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Parx Plastics is expected to be smaller as well. Use Parx Plastics jensen alpha and day median price , to analyze future returns on Parx Plastics.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Parx Plastics NV lagged returns against current returns
Autocorrelation, which is Parx Plastics 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 Parx Plastics' stock expected returns. We can calculate the autocorrelation of Parx Plastics returns to help us make a trade decision. For example, suppose you find that Parx Plastics 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 |
Parx Plastics 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 Parx Plastics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parx Plastics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parx Plastics stock over time.
Current vs Lagged Prices |
| Timeline |
Parx Plastics Lagged Returns
When evaluating Parx Plastics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parx Plastics stock have on its future price. Parx Plastics 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, Parx Plastics autocorrelation shows the relationship between Parx Plastics stock current value and its past values and can show if there is a momentum factor associated with investing in Parx Plastics NV.
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 Parx Stock Analysis
When running Parx Plastics' price analysis, check to measure Parx Plastics' 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 Parx Plastics is operating at the current time. Most of Parx Plastics' value examination focuses on studying past and present price action to predict the probability of Parx Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parx Plastics' price. Additionally, you may evaluate how the addition of Parx Plastics to your portfolios can decrease your overall portfolio volatility.