Attica Holdings (Greece) Market Value
| ATTICA Stock | EUR 2.26 0.02 0.88% |
| Symbol | Attica |
Attica Holdings '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 Attica Holdings' 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 Attica Holdings.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Attica Holdings on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Attica Holdings SA or generate 0.0% return on investment in Attica Holdings over 30 days. Attica Holdings is related to or competes with Motor Oil, Coca Cola, Mytilineos, Hellenic Exchanges, and Hellenic Telecommunicatio. Attica Holdings S.A., through its subsidiaries, provides passenger shipping and travel agency services in Greece and int... More
Attica Holdings 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 Attica Holdings' 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 Attica Holdings SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.17 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 2.33 |
Attica Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Attica Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Attica Holdings' standard deviation. In reality, there are many statistical measures that can use Attica Holdings historical prices to predict the future Attica Holdings' volatility.| Risk Adjusted Performance | 0.0079 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Attica Holdings' 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.
Attica Holdings SA Backtested Returns
At this point, Attica Holdings is moderately volatile. Attica Holdings SA secures Sharpe Ratio (or Efficiency) of 0.0034, which signifies that the company had a 0.0034% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Attica Holdings SA, which you can use to evaluate the volatility of the firm. Please confirm Attica Holdings' Risk Adjusted Performance of 0.0079, downside deviation of 1.85, and Mean Deviation of 1.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.0053%. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Attica Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Attica Holdings is expected to be smaller as well. Attica Holdings SA right now shows a risk of 1.58%. Please confirm Attica Holdings SA expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Attica Holdings SA will be following its price patterns.
Auto-correlation | 0.46 |
Average predictability
Attica Holdings SA has average predictability. Overlapping area represents the amount of predictability between Attica Holdings time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Attica Holdings SA price movement. The serial correlation of 0.46 indicates that about 46.0% of current Attica Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Attica Holdings SA lagged returns against current returns
Autocorrelation, which is Attica Holdings 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 Attica Holdings' stock expected returns. We can calculate the autocorrelation of Attica Holdings returns to help us make a trade decision. For example, suppose you find that Attica Holdings 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 |
Attica Holdings 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 Attica Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Attica Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Attica Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Attica Holdings Lagged Returns
When evaluating Attica Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Attica Holdings stock have on its future price. Attica Holdings 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, Attica Holdings autocorrelation shows the relationship between Attica Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Attica Holdings SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Attica Stock
Attica Holdings financial ratios help investors to determine whether Attica Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Attica with respect to the benefits of owning Attica Holdings security.