Dromeas SA (Greece) Market Value
| DROME Stock | EUR 0.33 0.02 6.45% |
| Symbol | Dromeas |
Dromeas SA '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 Dromeas SA'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 Dromeas SA.
| 01/19/2023 |
| 01/08/2025 |
If you would invest 0.00 in Dromeas SA on January 19, 2023 and sell it all today you would earn a total of 0.00 from holding Dromeas SA or generate 0.0% return on investment in Dromeas SA over 720 days. Dromeas SA is related to or competes with Ekter SA, Mytilineos, Fourlis Holdings, Aegean Airlines, and Hellenic Telecommunicatio. Dromeas SA produces and markets office furniture, partition walls, filing systems, and custom made furniture solutions More
Dromeas SA 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 Dromeas SA'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 Dromeas SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.0197 | |||
| Maximum Drawdown | 9.63 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.57 |
Dromeas SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dromeas SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dromeas SA's standard deviation. In reality, there are many statistical measures that can use Dromeas SA historical prices to predict the future Dromeas SA's volatility.| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | 0.0645 | |||
| Total Risk Alpha | 0.0115 | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | 0.4677 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dromeas SA'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.
Dromeas SA Backtested Returns
Dromeas SA appears to be abnormally volatile, given 3 months investment horizon. Dromeas SA secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dromeas SA, which you can use to evaluate the volatility of the firm. Please utilize Dromeas SA's Downside Deviation of 3.67, coefficient of variation of 3226.88, and Mean Deviation of 1.7 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dromeas SA holds a performance score of 8. The firm shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, Dromeas SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dromeas SA is expected to be smaller as well. Please check Dromeas SA's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Dromeas SA's price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Dromeas SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dromeas SA time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 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 Dromeas SA price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Dromeas SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dromeas SA lagged returns against current returns
Autocorrelation, which is Dromeas SA 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 Dromeas SA's stock expected returns. We can calculate the autocorrelation of Dromeas SA returns to help us make a trade decision. For example, suppose you find that Dromeas SA 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 |
Dromeas SA 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 Dromeas SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dromeas SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dromeas SA stock over time.
Current vs Lagged Prices |
| Timeline |
Dromeas SA Lagged Returns
When evaluating Dromeas SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dromeas SA stock have on its future price. Dromeas SA 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, Dromeas SA autocorrelation shows the relationship between Dromeas SA stock current value and its past values and can show if there is a momentum factor associated with investing in Dromeas SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Dromeas Stock
Dromeas SA financial ratios help investors to determine whether Dromeas 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 Dromeas with respect to the benefits of owning Dromeas SA security.