2G ENERGY (Germany) Market Value
| 2GB Stock | EUR 21.80 0.10 0.46% |
| Symbol | 2GB |
2G ENERGY '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 2G ENERGY'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 2G ENERGY.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in 2G ENERGY on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding 2G ENERGY or generate 0.0% return on investment in 2G ENERGY over 180 days. 2G ENERGY is related to or competes with Apple, Apple, Superior Plus, SIVERS SEMICONDUCTORS, Meli Hotels, SIRIUS XM, and Hemisphere Energy. More
2G ENERGY 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 2G ENERGY'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 2G ENERGY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.78 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 4.28 |
2G ENERGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 2G ENERGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 2G ENERGY's standard deviation. In reality, there are many statistical measures that can use 2G ENERGY historical prices to predict the future 2G ENERGY's volatility.| Risk Adjusted Performance | 0.0326 | |||
| Jensen Alpha | 0.02 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1579 |
2G ENERGY Backtested Returns
Currently, 2G ENERGY is not too volatile. 2G ENERGY retains Efficiency (Sharpe Ratio) of 0.025, which signifies that the company had a 0.025% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for 2G ENERGY, which you can use to evaluate the volatility of the firm. Please confirm 2G ENERGY's Coefficient Of Variation of 2990.37, standard deviation of 2.52, and Market Risk Adjusted Performance of 0.1679 to double-check if the risk estimate we provide is consistent with the expected return of 0.0635%. 2G ENERGY has a performance score of 1 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 2G ENERGY's returns are expected to increase less than the market. However, during the bear market, the loss of holding 2G ENERGY is expected to be smaller as well. 2G ENERGY today owns a risk of 2.54%. Please confirm 2G ENERGY semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if 2G ENERGY will be following its current price history.
Auto-correlation | -0.46 |
Modest reverse predictability
2G ENERGY has modest reverse predictability. Overlapping area represents the amount of predictability between 2G ENERGY time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 2G ENERGY price movement. The serial correlation of -0.46 indicates that about 46.0% of current 2G ENERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
2G ENERGY lagged returns against current returns
Autocorrelation, which is 2G ENERGY 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 2G ENERGY's stock expected returns. We can calculate the autocorrelation of 2G ENERGY returns to help us make a trade decision. For example, suppose you find that 2G ENERGY 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 |
2G ENERGY 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 2G ENERGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 2G ENERGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 2G ENERGY stock over time.
Current vs Lagged Prices |
| Timeline |
2G ENERGY Lagged Returns
When evaluating 2G ENERGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 2G ENERGY stock have on its future price. 2G ENERGY 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, 2G ENERGY autocorrelation shows the relationship between 2G ENERGY stock current value and its past values and can show if there is a momentum factor associated with investing in 2G ENERGY .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for 2GB Stock Analysis
When running 2G ENERGY's price analysis, check to measure 2G ENERGY'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 2G ENERGY is operating at the current time. Most of 2G ENERGY's value examination focuses on studying past and present price action to predict the probability of 2G ENERGY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 2G ENERGY's price. Additionally, you may evaluate how the addition of 2G ENERGY to your portfolios can decrease your overall portfolio volatility.