Afyren SAS (France) Market Value
| ALAFY Stock | 2.36 0.04 1.72% |
| Symbol | Afyren |
Afyren SAS '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 Afyren SAS'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 Afyren SAS.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Afyren SAS on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Afyren SAS or generate 0.0% return on investment in Afyren SAS over 180 days. Afyren SAS is related to or competes with Entech SE, Waga Energy, Hydrogene, and Hydrogen Refueling. More
Afyren SAS 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 Afyren SAS'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 Afyren SAS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 17.74 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 5.24 |
Afyren SAS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Afyren SAS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Afyren SAS's standard deviation. In reality, there are many statistical measures that can use Afyren SAS historical prices to predict the future Afyren SAS's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (2.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Afyren SAS'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.
Afyren SAS Backtested Returns
Afyren SAS secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Afyren SAS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Afyren SAS's Mean Deviation of 2.23, standard deviation of 2.99, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Afyren SAS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Afyren SAS is expected to be smaller as well. At this point, Afyren SAS has a negative expected return of -0.35%. Please make sure to confirm Afyren SAS's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Afyren SAS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Afyren SAS has good reverse predictability. Overlapping area represents the amount of predictability between Afyren SAS time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Afyren SAS price movement. The serial correlation of -0.55 indicates that about 55.0% of current Afyren SAS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Afyren SAS lagged returns against current returns
Autocorrelation, which is Afyren SAS 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 Afyren SAS's stock expected returns. We can calculate the autocorrelation of Afyren SAS returns to help us make a trade decision. For example, suppose you find that Afyren SAS 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 |
Afyren SAS 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 Afyren SAS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Afyren SAS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Afyren SAS stock over time.
Current vs Lagged Prices |
| Timeline |
Afyren SAS Lagged Returns
When evaluating Afyren SAS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Afyren SAS stock have on its future price. Afyren SAS 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, Afyren SAS autocorrelation shows the relationship between Afyren SAS stock current value and its past values and can show if there is a momentum factor associated with investing in Afyren SAS.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Afyren Stock Analysis
When running Afyren SAS's price analysis, check to measure Afyren SAS'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 Afyren SAS is operating at the current time. Most of Afyren SAS's value examination focuses on studying past and present price action to predict the probability of Afyren SAS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Afyren SAS's price. Additionally, you may evaluate how the addition of Afyren SAS to your portfolios can decrease your overall portfolio volatility.