Prodware (France) Market Value
| ALPRO Stock | EUR 11.90 0.20 1.71% |
| Symbol | Prodware |
Prodware '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 Prodware'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 Prodware.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Prodware on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Prodware or generate 0.0% return on investment in Prodware over 90 days. Prodware is related to or competes with Immersion, Entreparticuli, and Biosynex. Prodware engages in the publishing-integration and hosting of sectoral and business IT solutions in France and internati... More
Prodware 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 Prodware'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 Prodware upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.24 | |||
| Information Ratio | 0.1742 | |||
| Maximum Drawdown | 18.33 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 3.54 |
Prodware Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prodware's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prodware's standard deviation. In reality, there are many statistical measures that can use Prodware historical prices to predict the future Prodware's volatility.| Risk Adjusted Performance | 0.1319 | |||
| Jensen Alpha | 0.3924 | |||
| Total Risk Alpha | 0.623 | |||
| Sortino Ratio | 0.1056 | |||
| Treynor Ratio | 0.912 |
Prodware Backtested Returns
Prodware appears to be not too volatile, given 3 months investment horizon. Prodware maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Prodware, which you can use to evaluate the volatility of the company. Please evaluate Prodware's Risk Adjusted Performance of 0.1319, coefficient of variation of 700.64, and Semi Deviation of 2.34 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prodware holds a performance score of 10. The company holds a Beta of 0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prodware's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prodware is expected to be smaller as well. Please check Prodware's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Prodware's historical price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
Prodware has below average predictability. Overlapping area represents the amount of predictability between Prodware time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Prodware price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Prodware price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1.38 |
Prodware lagged returns against current returns
Autocorrelation, which is Prodware 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 Prodware's stock expected returns. We can calculate the autocorrelation of Prodware returns to help us make a trade decision. For example, suppose you find that Prodware 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 |
Prodware 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 Prodware stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prodware stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prodware stock over time.
Current vs Lagged Prices |
| Timeline |
Prodware Lagged Returns
When evaluating Prodware's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prodware stock have on its future price. Prodware 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, Prodware autocorrelation shows the relationship between Prodware stock current value and its past values and can show if there is a momentum factor associated with investing in Prodware.
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 Prodware Stock Analysis
When running Prodware's price analysis, check to measure Prodware'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 Prodware is operating at the current time. Most of Prodware's value examination focuses on studying past and present price action to predict the probability of Prodware's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prodware's price. Additionally, you may evaluate how the addition of Prodware to your portfolios can decrease your overall portfolio volatility.