Spineguard (France) Market Value
| ALSGD Stock | EUR 0.15 0.01 6.25% |
| Symbol | Spineguard |
Spineguard '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 Spineguard'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 Spineguard.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Spineguard on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Spineguard or generate 0.0% return on investment in Spineguard over 90 days. Spineguard is related to or competes with Biophytis, and Novacyt. The companys PediGuard products are handheld devices that detect possible vertebral cortex perforation during pedicle pr... More
Spineguard 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 Spineguard'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 Spineguard upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 29.29 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 5.0 |
Spineguard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spineguard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spineguard's standard deviation. In reality, there are many statistical measures that can use Spineguard historical prices to predict the future Spineguard's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | 0.0337 | |||
| Treynor Ratio | (1.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spineguard'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.
Spineguard Backtested Returns
Spineguard owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14 % return per unit of risk over the last 3 months. Spineguard exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spineguard's Risk Adjusted Performance of (0.09), coefficient of variation of (872.97), and Variance of 16.68 to confirm the risk estimate we provide. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Spineguard's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spineguard is expected to be smaller as well. At this point, Spineguard has a negative expected return of -0.6%. Please make sure to validate Spineguard's jensen alpha, kurtosis, price action indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Spineguard performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Spineguard has weak predictability. Overlapping area represents the amount of predictability between Spineguard time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Spineguard price movement. The serial correlation of 0.22 indicates that over 22.0% of current Spineguard price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spineguard lagged returns against current returns
Autocorrelation, which is Spineguard 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 Spineguard's stock expected returns. We can calculate the autocorrelation of Spineguard returns to help us make a trade decision. For example, suppose you find that Spineguard 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 |
Spineguard 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 Spineguard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spineguard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spineguard stock over time.
Current vs Lagged Prices |
| Timeline |
Spineguard Lagged Returns
When evaluating Spineguard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spineguard stock have on its future price. Spineguard 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, Spineguard autocorrelation shows the relationship between Spineguard stock current value and its past values and can show if there is a momentum factor associated with investing in Spineguard.
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 Spineguard Stock Analysis
When running Spineguard's price analysis, check to measure Spineguard'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 Spineguard is operating at the current time. Most of Spineguard's value examination focuses on studying past and present price action to predict the probability of Spineguard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spineguard's price. Additionally, you may evaluate how the addition of Spineguard to your portfolios can decrease your overall portfolio volatility.