Piraeus Financial (Greece) Market Value
TPEIR Stock | EUR 3.93 0.02 0.51% |
Symbol | Piraeus |
Piraeus Financial '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 Piraeus Financial'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 Piraeus Financial.
11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Piraeus Financial on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Piraeus Financial Holdings or generate 0.0% return on investment in Piraeus Financial over 30 days. Piraeus Financial is related to or competes with Hellenic Telecommunicatio, Elvalhalcor Hellenic, Karelia Tobacco, As Commercial, General Commercial, and CPI Computer. Piraeus Financial Holdings S.A. provides banking products and services in Greece and internationally More
Piraeus Financial 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 Piraeus Financial'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 Piraeus Financial Holdings upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.7 | |||
Information Ratio | (0.04) | |||
Maximum Drawdown | 6.65 | |||
Value At Risk | (2.54) | |||
Potential Upside | 2.54 |
Piraeus Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Piraeus Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Piraeus Financial's standard deviation. In reality, there are many statistical measures that can use Piraeus Financial historical prices to predict the future Piraeus Financial's volatility.Risk Adjusted Performance | 0.0184 | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | (0.19) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | 0.0736 |
Piraeus Financial Backtested Returns
At this point, Piraeus Financial is slightly risky. Piraeus Financial maintains Sharpe Ratio (i.e., Efficiency) of 0.0269, which implies the firm had a 0.0269% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Piraeus Financial, which you can use to evaluate the volatility of the company. Please check Piraeus Financial's Risk Adjusted Performance of 0.0184, coefficient of variation of 5722.56, and Semi Deviation of 1.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.0462%. Piraeus Financial has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, Piraeus Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Piraeus Financial is expected to be smaller as well. Piraeus Financial right now holds a risk of 1.72%. Please check Piraeus Financial potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Piraeus Financial will be following its historical price patterns.
Auto-correlation | -0.61 |
Very good reverse predictability
Piraeus Financial Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Piraeus Financial time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Piraeus Financial price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Piraeus Financial price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.61 | |
Spearman Rank Test | -0.73 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Piraeus Financial lagged returns against current returns
Autocorrelation, which is Piraeus Financial 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 Piraeus Financial's stock expected returns. We can calculate the autocorrelation of Piraeus Financial returns to help us make a trade decision. For example, suppose you find that Piraeus Financial 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 |
Piraeus Financial 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 Piraeus Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Piraeus Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Piraeus Financial stock over time.
Current vs Lagged Prices |
Timeline |
Piraeus Financial Lagged Returns
When evaluating Piraeus Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Piraeus Financial stock have on its future price. Piraeus Financial 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, Piraeus Financial autocorrelation shows the relationship between Piraeus Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Piraeus Financial Holdings.
Regressed Prices |
Timeline |
Thematic Opportunities
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Other Information on Investing in Piraeus Stock
Piraeus Financial financial ratios help investors to determine whether Piraeus 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 Piraeus with respect to the benefits of owning Piraeus Financial security.