Eurofins Scientific (France) Market Value
| ERF Stock | EUR 50.16 0.95 1.93% |
| Symbol | Eurofins |
Eurofins Scientific '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 Eurofins Scientific'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 Eurofins Scientific.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Eurofins Scientific on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Eurofins Scientific SE or generate 0.0% return on investment in Eurofins Scientific over 90 days. Eurofins Scientific is related to or competes with Sartorius Stedim, Teleperformance, Biomerieux, Dassault Systemes, and Worldline. Eurofins Scientific SE, through its subsidiaries, provides various analytical testing services worldwide More
Eurofins Scientific 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 Eurofins Scientific'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 Eurofins Scientific SE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0973 | |||
| Maximum Drawdown | 9.09 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.34 |
Eurofins Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eurofins Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eurofins Scientific's standard deviation. In reality, there are many statistical measures that can use Eurofins Scientific historical prices to predict the future Eurofins Scientific's volatility.| Risk Adjusted Performance | 0.042 | |||
| Jensen Alpha | 0.1083 | |||
| Total Risk Alpha | 0.2916 | |||
| Sortino Ratio | 0.0902 | |||
| Treynor Ratio | 0.1712 |
Eurofins Scientific Backtested Returns
At this point, Eurofins Scientific is very steady. Eurofins Scientific secures Sharpe Ratio (or Efficiency) of 0.0591, which denotes the company had a 0.0591 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eurofins Scientific SE, which you can use to evaluate the volatility of the firm. Please confirm Eurofins Scientific's Downside Deviation of 1.94, coefficient of variation of 2364.41, and Mean Deviation of 1.35 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Eurofins Scientific has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eurofins Scientific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eurofins Scientific is expected to be smaller as well. Eurofins Scientific right now shows a risk of 1.82%. Please confirm Eurofins Scientific semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Eurofins Scientific will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Eurofins Scientific SE has insignificant predictability. Overlapping area represents the amount of predictability between Eurofins Scientific time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Eurofins Scientific price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Eurofins Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Eurofins Scientific lagged returns against current returns
Autocorrelation, which is Eurofins Scientific 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 Eurofins Scientific's stock expected returns. We can calculate the autocorrelation of Eurofins Scientific returns to help us make a trade decision. For example, suppose you find that Eurofins Scientific 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 |
Eurofins Scientific 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 Eurofins Scientific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eurofins Scientific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eurofins Scientific stock over time.
Current vs Lagged Prices |
| Timeline |
Eurofins Scientific Lagged Returns
When evaluating Eurofins Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eurofins Scientific stock have on its future price. Eurofins Scientific 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, Eurofins Scientific autocorrelation shows the relationship between Eurofins Scientific stock current value and its past values and can show if there is a momentum factor associated with investing in Eurofins Scientific SE.
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 Eurofins Stock
Eurofins Scientific financial ratios help investors to determine whether Eurofins 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 Eurofins with respect to the benefits of owning Eurofins Scientific security.