Elastron (Greece) Market Value
| ELSTR Stock | EUR 2.31 0.03 1.28% |
| Symbol | Elastron |
Elastron '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 Elastron'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 Elastron.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Elastron on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Elastron SA or generate 0.0% return on investment in Elastron over 90 days. Elastron is related to or competes with Thrace Plastics, GEK TERNA, Motor Oil, Hellenic Petroleum, and Mytilineos. Elastron S.A. - Steel Service Centers imports, processes, produces, and resells steel products and insulated composite p... More
Elastron 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 Elastron'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 Elastron SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.1972 | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 3.02 |
Elastron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elastron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elastron's standard deviation. In reality, there are many statistical measures that can use Elastron historical prices to predict the future Elastron's volatility.| Risk Adjusted Performance | 0.1252 | |||
| Jensen Alpha | 0.2287 | |||
| Total Risk Alpha | 0.4328 | |||
| Sortino Ratio | 0.2039 | |||
| Treynor Ratio | 3.83 |
Elastron SA Backtested Returns
Elastron appears to be moderately volatile, given 3 months investment horizon. Elastron SA secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Elastron SA , which you can use to evaluate the volatility of the firm. Please utilize Elastron's Downside Deviation of 1.63, mean deviation of 1.26, and Semi Deviation of 1.25 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elastron holds a performance score of 10. The firm shows a Beta (market volatility) of 0.0581, which means not very significant fluctuations relative to the market. As returns on the market increase, Elastron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elastron is expected to be smaller as well. Please check Elastron's value at risk, and the relationship between the standard deviation and kurtosis , to make a quick decision on whether Elastron's price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Elastron SA has poor predictability. Overlapping area represents the amount of predictability between Elastron time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Elastron SA price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Elastron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elastron SA lagged returns against current returns
Autocorrelation, which is Elastron 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 Elastron's stock expected returns. We can calculate the autocorrelation of Elastron returns to help us make a trade decision. For example, suppose you find that Elastron 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 |
Elastron 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 Elastron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elastron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elastron stock over time.
Current vs Lagged Prices |
| Timeline |
Elastron Lagged Returns
When evaluating Elastron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elastron stock have on its future price. Elastron 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, Elastron autocorrelation shows the relationship between Elastron stock current value and its past values and can show if there is a momentum factor associated with investing in Elastron SA .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Elastron Stock
Elastron financial ratios help investors to determine whether Elastron 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 Elastron with respect to the benefits of owning Elastron security.