EuropaCorp (Germany) Market Value
| AZ6 Stock | EUR 0.31 0.02 6.06% |
| Symbol | EuropaCorp |
EuropaCorp '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 EuropaCorp'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 EuropaCorp.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in EuropaCorp on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding EuropaCorp or generate 0.0% return on investment in EuropaCorp over 30 days. EuropaCorp is related to or competes with VIVENDI UNSPONARD, News, News, RTL Group, Nexstar Media, ITV Plc, and SES SA. The company produces cinematographic works and TV dramas distributes films in theaters, as well as on-demand and video-f... More
EuropaCorp 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 EuropaCorp'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 EuropaCorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 19.84 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.55 |
EuropaCorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EuropaCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EuropaCorp's standard deviation. In reality, there are many statistical measures that can use EuropaCorp historical prices to predict the future EuropaCorp's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 2.2 |
EuropaCorp Backtested Returns
EuropaCorp secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. EuropaCorp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EuropaCorp's Standard Deviation of 3.28, mean deviation of 2.23, and Variance of 10.77 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EuropaCorp are expected to decrease at a much lower rate. During the bear market, EuropaCorp is likely to outperform the market. At this point, EuropaCorp has a negative expected return of -0.44%. Please make sure to confirm EuropaCorp's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if EuropaCorp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
EuropaCorp has modest reverse predictability. Overlapping area represents the amount of predictability between EuropaCorp time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 EuropaCorp price movement. The serial correlation of -0.43 indicates that just about 43.0% of current EuropaCorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EuropaCorp lagged returns against current returns
Autocorrelation, which is EuropaCorp 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 EuropaCorp's stock expected returns. We can calculate the autocorrelation of EuropaCorp returns to help us make a trade decision. For example, suppose you find that EuropaCorp 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 |
EuropaCorp 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 EuropaCorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EuropaCorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EuropaCorp stock over time.
Current vs Lagged Prices |
| Timeline |
EuropaCorp Lagged Returns
When evaluating EuropaCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EuropaCorp stock have on its future price. EuropaCorp 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, EuropaCorp autocorrelation shows the relationship between EuropaCorp stock current value and its past values and can show if there is a momentum factor associated with investing in EuropaCorp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in EuropaCorp Stock
EuropaCorp financial ratios help investors to determine whether EuropaCorp 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 EuropaCorp with respect to the benefits of owning EuropaCorp security.