Lectricite (France) Market Value
| ELEC Stock | EUR 110.50 0.50 0.45% |
| Symbol | Lectricite |
Lectricite '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 Lectricite'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 Lectricite.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Lectricite on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding lectricite de Strasbourg or generate 0.0% return on investment in Lectricite over 30 days. Lectricite is related to or competes with Thermador Groupe, Burelle SA, Interparfums, Societe LDC, and Exel Industries. lectricite de Strasbourg Socit Anonyme engages in the supply of electricity and natural gas to individuals, businesses, ... More
Lectricite 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 Lectricite'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 lectricite de Strasbourg upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8139 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.09 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.4 |
Lectricite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lectricite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lectricite's standard deviation. In reality, there are many statistical measures that can use Lectricite historical prices to predict the future Lectricite's volatility.| Risk Adjusted Performance | 0.0231 | |||
| Jensen Alpha | 0.0248 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.16) |
lectricite de Strasbourg Backtested Returns
At this point, Lectricite is very steady. lectricite de Strasbourg has Sharpe Ratio of 0.0469, which conveys that the firm had a 0.0469% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lectricite, which you can use to evaluate the volatility of the firm. Please verify Lectricite's Downside Deviation of 0.8139, market risk adjusted performance of (0.15), and Risk Adjusted Performance of 0.0231 to check out if the risk estimate we provide is consistent with the expected return of 0.0379%. Lectricite has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0849, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lectricite are expected to decrease at a much lower rate. During the bear market, Lectricite is likely to outperform the market. lectricite de Strasbourg right now secures a risk of 0.81%. Please verify lectricite de Strasbourg mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if lectricite de Strasbourg will be following its current price movements.
Auto-correlation | -0.01 |
Very weak reverse predictability
lectricite de Strasbourg has very weak reverse predictability. Overlapping area represents the amount of predictability between Lectricite time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 lectricite de Strasbourg price movement. The serial correlation of -0.01 indicates that just 1.0% of current Lectricite price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
lectricite de Strasbourg lagged returns against current returns
Autocorrelation, which is Lectricite 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 Lectricite's stock expected returns. We can calculate the autocorrelation of Lectricite returns to help us make a trade decision. For example, suppose you find that Lectricite 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 |
Lectricite 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 Lectricite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lectricite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lectricite stock over time.
Current vs Lagged Prices |
| Timeline |
Lectricite Lagged Returns
When evaluating Lectricite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lectricite stock have on its future price. Lectricite 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, Lectricite autocorrelation shows the relationship between Lectricite stock current value and its past values and can show if there is a momentum factor associated with investing in lectricite de Strasbourg.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Lectricite Stock
Lectricite financial ratios help investors to determine whether Lectricite 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 Lectricite with respect to the benefits of owning Lectricite security.