Spineway (France) Market Value
| ALSPW Stock | EUR 0.10 0 1.01% |
| Symbol | Spineway |
Spineway '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 Spineway'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 Spineway.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Spineway on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Spineway or generate 0.0% return on investment in Spineway over 90 days. Spineway is related to or competes with Spineguard, DBT SA, and Biophytis. Spineway SA engages in the design, manufacture, and marketing of implants and surgical instruments for treating disorder... More
Spineway 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 Spineway'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 Spineway upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.07 | |||
| Information Ratio | 0.0833 | |||
| Maximum Drawdown | 54.96 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 8.46 |
Spineway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spineway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spineway's standard deviation. In reality, there are many statistical measures that can use Spineway historical prices to predict the future Spineway's volatility.| Risk Adjusted Performance | 0.072 | |||
| Jensen Alpha | 0.8955 | |||
| Total Risk Alpha | 1.77 | |||
| Sortino Ratio | 0.106 | |||
| Treynor Ratio | 0.2737 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Spineway'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.
Spineway Backtested Returns
Spineway appears to be out of control, given 3 months investment horizon. Spineway owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0723, which indicates the firm had a 0.0723 % return per unit of risk over the last 3 months. By inspecting Spineway's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please review Spineway's Semi Deviation of 5.95, coefficient of variation of 1383.0, and Risk Adjusted Performance of 0.072 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Spineway holds a performance score of 5. The entity has a beta of 2.34, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Spineway will likely underperform. Please check Spineway's sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Spineway's existing price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Spineway has virtually no predictability. Overlapping area represents the amount of predictability between Spineway time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Spineway price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Spineway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spineway lagged returns against current returns
Autocorrelation, which is Spineway 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 Spineway's stock expected returns. We can calculate the autocorrelation of Spineway returns to help us make a trade decision. For example, suppose you find that Spineway 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 |
Spineway 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 Spineway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spineway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spineway stock over time.
Current vs Lagged Prices |
| Timeline |
Spineway Lagged Returns
When evaluating Spineway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spineway stock have on its future price. Spineway 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, Spineway autocorrelation shows the relationship between Spineway stock current value and its past values and can show if there is a momentum factor associated with investing in Spineway.
Regressed Prices |
| Timeline |
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When running Spineway's price analysis, check to measure Spineway'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 Spineway is operating at the current time. Most of Spineway's value examination focuses on studying past and present price action to predict the probability of Spineway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spineway's price. Additionally, you may evaluate how the addition of Spineway to your portfolios can decrease your overall portfolio volatility.