Pernod Ricard (Germany) Market Value
| PER Stock | 108.05 0.45 0.41% |
| 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.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Pernod Ricard on November 22, 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 30 days. Pernod Ricard is related to or competes with Diageo Plc, MGP Ingredients, Hawesko Holding, ANDREW PELLER, and NAKED WINES. 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 | (0.14) | |||
| Maximum Drawdown | 10.1 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 2.58 |
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 | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.58) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pernod Ricard'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.
Pernod Ricard SA Backtested Returns
Pernod Ricard SA maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Pernod Ricard SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pernod Ricard's Risk Adjusted Performance of (0.09), coefficient of variation of (837.00), and Variance of 2.94 to confirm the risk estimate we provide. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pernod Ricard's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pernod Ricard is expected to be smaller as well. At this point, Pernod Ricard SA has a negative expected return of -0.21%. Please make sure to check Pernod Ricard's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Pernod Ricard SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Pernod Ricard SA has poor reverse predictability. Overlapping area represents the amount of predictability between Pernod Ricard time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 Pernod Ricard SA price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Pernod Ricard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 3.78 |
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 |
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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 Pernod Stock Analysis
When running Pernod Ricard's price analysis, check to measure Pernod Ricard'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 Pernod Ricard is operating at the current time. Most of Pernod Ricard's value examination focuses on studying past and present price action to predict the probability of Pernod Ricard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pernod Ricard's price. Additionally, you may evaluate how the addition of Pernod Ricard to your portfolios can decrease your overall portfolio volatility.