Damartex (France) Market Value
| ALDAR Stock | EUR 4.99 0.21 4.04% |
| Symbol | Damartex |
Damartex '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 Damartex'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 Damartex.
| 01/12/2022 |
| 12/27/2024 |
If you would invest 0.00 in Damartex on January 12, 2022 and sell it all today you would earn a total of 0.00 from holding Damartex or generate 0.0% return on investment in Damartex over 1080 days. Damartex is related to or competes with Chargeurs, Delfingen, BigBen Interactive, Guerbet S, and Jacquet Metal. Damartex offers clothing and accessories for seniors primarily in France, Great-Britain, Belgium, and Switzerland More
Damartex 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 Damartex'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 Damartex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | (0.0009) | |||
| Maximum Drawdown | 16.14 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 4.3 |
Damartex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Damartex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Damartex's standard deviation. In reality, there are many statistical measures that can use Damartex historical prices to predict the future Damartex's volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | 0.0146 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0809 |
Damartex Backtested Returns
Damartex secures Sharpe Ratio (or Efficiency) of -0.04, which denotes the company had a -0.04% return per unit of risk over the last 3 months. Damartex exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Damartex's Mean Deviation of 1.29, downside deviation of 2.04, and Coefficient Of Variation of 7461.36 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, Damartex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Damartex is expected to be smaller as well. At this point, Damartex has a negative expected return of -0.0932%. Please make sure to confirm Damartex's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Damartex performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Damartex has excellent predictability. Overlapping area represents the amount of predictability between Damartex time series from 12th of January 2022 to 6th of July 2023 and 6th of July 2023 to 27th 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 Damartex price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Damartex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 1.2 |
Damartex lagged returns against current returns
Autocorrelation, which is Damartex 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 Damartex's stock expected returns. We can calculate the autocorrelation of Damartex returns to help us make a trade decision. For example, suppose you find that Damartex 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 |
Damartex 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 Damartex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Damartex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Damartex stock over time.
Current vs Lagged Prices |
| Timeline |
Damartex Lagged Returns
When evaluating Damartex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Damartex stock have on its future price. Damartex 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, Damartex autocorrelation shows the relationship between Damartex stock current value and its past values and can show if there is a momentum factor associated with investing in Damartex.
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 Damartex Stock Analysis
When running Damartex's price analysis, check to measure Damartex'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 Damartex is operating at the current time. Most of Damartex's value examination focuses on studying past and present price action to predict the probability of Damartex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Damartex's price. Additionally, you may evaluate how the addition of Damartex to your portfolios can decrease your overall portfolio volatility.