PageGroup Plc (Germany) Market Value
| 3MI Stock | EUR 4.34 0.22 4.82% |
| Symbol | PageGroup |
PageGroup Plc '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 PageGroup Plc'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 PageGroup Plc.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in PageGroup Plc on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding PageGroup plc or generate 0.0% return on investment in PageGroup Plc over 30 days. PageGroup Plc is related to or competes with Robert Half, Korn Ferry, Hays Plc, Cross Country. PageGroup plc, together with its subsidiaries, provides recruitment consultancy and support services More
PageGroup Plc 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 PageGroup Plc'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 PageGroup plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.19 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.7 |
PageGroup Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PageGroup Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PageGroup Plc's standard deviation. In reality, there are many statistical measures that can use PageGroup Plc historical prices to predict the future PageGroup Plc's volatility.| Risk Adjusted Performance | 0.0112 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0041 |
PageGroup plc Backtested Returns
PageGroup plc maintains Sharpe Ratio (i.e., Efficiency) of -0.0052, which implies the firm had a -0.0052% return per unit of risk over the last 3 months. PageGroup plc exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PageGroup Plc's Coefficient Of Variation of 12679.8, semi deviation of 1.55, and Risk Adjusted Performance of 0.0112 to confirm the risk estimate we provide. The company holds a Beta of 0.64, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PageGroup Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding PageGroup Plc is expected to be smaller as well. At this point, PageGroup plc has a negative expected return of -0.0084%. Please make sure to check PageGroup Plc's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if PageGroup plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
PageGroup plc has very weak predictability. Overlapping area represents the amount of predictability between PageGroup Plc time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 PageGroup plc price movement. The serial correlation of 0.17 indicates that over 17.0% of current PageGroup Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PageGroup plc lagged returns against current returns
Autocorrelation, which is PageGroup Plc 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 PageGroup Plc's stock expected returns. We can calculate the autocorrelation of PageGroup Plc returns to help us make a trade decision. For example, suppose you find that PageGroup Plc 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 |
PageGroup Plc 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 PageGroup Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PageGroup Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PageGroup Plc stock over time.
Current vs Lagged Prices |
| Timeline |
PageGroup Plc Lagged Returns
When evaluating PageGroup Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PageGroup Plc stock have on its future price. PageGroup Plc 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, PageGroup Plc autocorrelation shows the relationship between PageGroup Plc stock current value and its past values and can show if there is a momentum factor associated with investing in PageGroup plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PageGroup Stock
PageGroup Plc financial ratios help investors to determine whether PageGroup 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 PageGroup with respect to the benefits of owning PageGroup Plc security.