Euronext (France) Market Value
| ENX Stock | EUR 126.00 1.20 0.96% |
| Symbol | Euronext |
Euronext '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 Euronext'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 Euronext.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Euronext on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Euronext NV or generate 0.0% return on investment in Euronext over 90 days. Euronext is related to or competes with Amundi SA, Teleperformance, Eurofins Scientific, and Sartorius Stedim. Euronext N.V., together with its subsidiaries, operates securities and derivatives exchanges in Continental Europe, Irel... More
Euronext 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 Euronext'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 Euronext NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9273 | |||
| Information Ratio | 0.3636 | |||
| Maximum Drawdown | 4.12 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.97 |
Euronext Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Euronext's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euronext's standard deviation. In reality, there are many statistical measures that can use Euronext historical prices to predict the future Euronext's volatility.| Risk Adjusted Performance | 0.2304 | |||
| Jensen Alpha | 0.2851 | |||
| Total Risk Alpha | 0.3735 | |||
| Sortino Ratio | 0.3871 | |||
| Treynor Ratio | 0.7733 |
Euronext NV Backtested Returns
Euronext appears to be very steady, given 3 months investment horizon. Euronext NV secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Euronext NV, which you can use to evaluate the volatility of the firm. Please utilize Euronext's Mean Deviation of 0.7579, coefficient of variation of 379.87, and Downside Deviation of 0.9273 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Euronext holds a performance score of 18. The firm shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Euronext's returns are expected to increase less than the market. However, during the bear market, the loss of holding Euronext is expected to be smaller as well. Please check Euronext's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Euronext's price patterns will revert.
Auto-correlation | 0.64 |
Good predictability
Euronext NV has good predictability. Overlapping area represents the amount of predictability between Euronext 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 Euronext NV price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Euronext price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 17.99 |
Euronext NV lagged returns against current returns
Autocorrelation, which is Euronext 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 Euronext's stock expected returns. We can calculate the autocorrelation of Euronext returns to help us make a trade decision. For example, suppose you find that Euronext 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 |
Euronext 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 Euronext stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euronext stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euronext stock over time.
Current vs Lagged Prices |
| Timeline |
Euronext Lagged Returns
When evaluating Euronext's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euronext stock have on its future price. Euronext 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, Euronext autocorrelation shows the relationship between Euronext stock current value and its past values and can show if there is a momentum factor associated with investing in Euronext NV.
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.Other Information on Investing in Euronext Stock
Euronext financial ratios help investors to determine whether Euronext 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 Euronext with respect to the benefits of owning Euronext security.