Carrefour Sa Pk Stock Market Value
| CRRFY Stock | USD 2.84 0.09 3.27% |
| Symbol | Carrefour |
Carrefour '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 Carrefour's pink sheet 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 Carrefour.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Carrefour on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Carrefour SA PK or generate 0.0% return on investment in Carrefour over 90 days. Carrefour is related to or competes with Kesko Oyj, Carrefour, J Sainsbury, Tesco PLC, Ocado Group, J Sainsbury, and Kroger. Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, ... More
Carrefour 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 Carrefour's pink sheet 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 Carrefour SA PK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0207 | |||
| Maximum Drawdown | 10.9 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 2.51 |
Carrefour Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carrefour's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carrefour's standard deviation. In reality, there are many statistical measures that can use Carrefour historical prices to predict the future Carrefour's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.16 | |||
| Treynor Ratio | (0.16) |
Carrefour SA PK Backtested Returns
Carrefour SA PK secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of risk over the last 3 months. Carrefour SA PK exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carrefour's Mean Deviation of 1.32, risk adjusted performance of (0.02), and Standard Deviation of 1.84 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Carrefour's returns are expected to increase less than the market. However, during the bear market, the loss of holding Carrefour is expected to be smaller as well. At this point, Carrefour SA PK has a negative expected return of -0.0113%. Please make sure to confirm Carrefour's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Carrefour SA PK performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Carrefour SA PK has insignificant reverse predictability. Overlapping area represents the amount of predictability between Carrefour 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 Carrefour SA PK price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Carrefour price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Carrefour SA PK lagged returns against current returns
Autocorrelation, which is Carrefour pink sheet'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 Carrefour's pink sheet expected returns. We can calculate the autocorrelation of Carrefour returns to help us make a trade decision. For example, suppose you find that Carrefour has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Carrefour 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 Carrefour pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carrefour pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carrefour pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Carrefour Lagged Returns
When evaluating Carrefour's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carrefour pink sheet have on its future price. Carrefour 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, Carrefour autocorrelation shows the relationship between Carrefour pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Carrefour SA PK.
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 Carrefour Pink Sheet Analysis
When running Carrefour's price analysis, check to measure Carrefour'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 Carrefour is operating at the current time. Most of Carrefour's value examination focuses on studying past and present price action to predict the probability of Carrefour's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrefour's price. Additionally, you may evaluate how the addition of Carrefour to your portfolios can decrease your overall portfolio volatility.