Pernod Ricard (Germany) Market Value
| PER Stock | EUR 108.55 1.05 0.98% |
| Symbol | Pernod |
Pernod Ricard '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 Pernod Ricard'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 Pernod Ricard.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Pernod Ricard on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Pernod Ricard SA or generate 0.0% return on investment in Pernod Ricard over 180 days. Pernod Ricard is related to or competes with ARISTOCRAT LEISURE, ANTA SPORTS, PPHE HOTEL, LG Display, DALATA HOTEL, KOOL2PLAY, and InterContinental. Pernod Ricard SA produces and sells beers, wines, and spirits in the Americas, Europe, Asia, and internationally More
Pernod Ricard 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 Pernod Ricard'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 Pernod Ricard SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.84 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 2.52 |
Pernod Ricard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pernod Ricard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pernod Ricard's standard deviation. In reality, there are many statistical measures that can use Pernod Ricard historical prices to predict the future Pernod Ricard's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.4271 |
Pernod Ricard SA Backtested Returns
Pernod Ricard SA maintains Sharpe Ratio (i.e., Efficiency) of -0.21, which implies the firm had a -0.21% return per unit of risk over the last 3 months. Pernod Ricard SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pernod Ricard's Variance of 2.84, risk adjusted performance of (0.1), and Coefficient Of Variation of (780.78) to confirm the risk estimate we provide. The company holds a Beta of -0.53, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pernod Ricard are expected to decrease at a much lower rate. During the bear market, Pernod Ricard is likely to outperform the market. At this point, Pernod Ricard SA has a negative expected return of -0.33%. Please make sure to check Pernod Ricard's daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if Pernod Ricard SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Pernod Ricard SA has insignificant predictability. Overlapping area represents the amount of predictability between Pernod Ricard time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Pernod Ricard SA price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Pernod Ricard price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 71.72 |
Pernod Ricard SA lagged returns against current returns
Autocorrelation, which is Pernod Ricard 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 Pernod Ricard's stock expected returns. We can calculate the autocorrelation of Pernod Ricard returns to help us make a trade decision. For example, suppose you find that Pernod Ricard 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 |
Pernod Ricard 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 Pernod Ricard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pernod Ricard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pernod Ricard stock over time.
Current vs Lagged Prices |
| Timeline |
Pernod Ricard Lagged Returns
When evaluating Pernod Ricard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pernod Ricard stock have on its future price. Pernod Ricard 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, Pernod Ricard autocorrelation shows the relationship between Pernod Ricard stock current value and its past values and can show if there is a momentum factor associated with investing in Pernod Ricard SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pernod Stock
Pernod Ricard financial ratios help investors to determine whether Pernod 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 Pernod with respect to the benefits of owning Pernod Ricard security.