Ellaktor (Greece) Market Value
| ELLAKTOR | EUR 1.76 0.02 1.12% |
| Symbol | Ellaktor |
Ellaktor '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 Ellaktor'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 Ellaktor.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Ellaktor on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Ellaktor SA or generate 0.0% return on investment in Ellaktor over 30 days. Ellaktor is related to or competes with Mytilineos, Motor Oil, and Hellenic Petroleum. Ellaktor S.A., through its subsidiaries, engages in construction and quarrying, real estate development and management, ... More
Ellaktor 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 Ellaktor'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 Ellaktor SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 6.9 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.55 |
Ellaktor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ellaktor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ellaktor's standard deviation. In reality, there are many statistical measures that can use Ellaktor historical prices to predict the future Ellaktor's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (1.42) |
Ellaktor SA Backtested Returns
Ellaktor SA secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Ellaktor SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ellaktor's Standard Deviation of 1.63, mean deviation of 1.27, and Variance of 2.64 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Ellaktor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ellaktor is expected to be smaller as well. At this point, Ellaktor SA has a negative expected return of -0.21%. Please make sure to confirm Ellaktor's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Ellaktor SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Ellaktor SA has poor reverse predictability. Overlapping area represents the amount of predictability between Ellaktor time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Ellaktor SA price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Ellaktor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ellaktor SA lagged returns against current returns
Autocorrelation, which is Ellaktor 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 Ellaktor's stock expected returns. We can calculate the autocorrelation of Ellaktor returns to help us make a trade decision. For example, suppose you find that Ellaktor 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 |
Ellaktor 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 Ellaktor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ellaktor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ellaktor stock over time.
Current vs Lagged Prices |
| Timeline |
Ellaktor Lagged Returns
When evaluating Ellaktor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ellaktor stock have on its future price. Ellaktor 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, Ellaktor autocorrelation shows the relationship between Ellaktor stock current value and its past values and can show if there is a momentum factor associated with investing in Ellaktor SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Ellaktor Stock
Ellaktor financial ratios help investors to determine whether Ellaktor 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 Ellaktor with respect to the benefits of owning Ellaktor security.