ESSILORLUXOTTICA (Germany) Market Value
| ESLC Stock | EUR 114.00 1.00 0.87% |
| Symbol | ESSILORLUXOTTICA |
ESSILORLUXOTTICA '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 ESSILORLUXOTTICA'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 ESSILORLUXOTTICA.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in ESSILORLUXOTTICA on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding ESSILORLUXOTTICA 12ON or generate 0.0% return on investment in ESSILORLUXOTTICA over 30 days. ESSILORLUXOTTICA is related to or competes with Intuitive Surgical, Resmed, ResMed, Sartorius Stedim, SARTORIUS, and Sartorius Aktiengesellscha. EssilorLuxottica Socit anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in North... More
ESSILORLUXOTTICA 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 ESSILORLUXOTTICA'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 ESSILORLUXOTTICA 12ON upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.1069 | |||
| Maximum Drawdown | 8.32 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 1.98 |
ESSILORLUXOTTICA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ESSILORLUXOTTICA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ESSILORLUXOTTICA's standard deviation. In reality, there are many statistical measures that can use ESSILORLUXOTTICA historical prices to predict the future ESSILORLUXOTTICA's volatility.| Risk Adjusted Performance | 0.1076 | |||
| Jensen Alpha | 0.1644 | |||
| Total Risk Alpha | 0.1297 | |||
| Sortino Ratio | 0.0978 | |||
| Treynor Ratio | 1.09 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ESSILORLUXOTTICA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ESSILORLUXOTTICA 12ON Backtested Returns
ESSILORLUXOTTICA appears to be very steady, given 3 months investment horizon. ESSILORLUXOTTICA 12ON secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for ESSILORLUXOTTICA 12ON, which you can use to evaluate the volatility of the firm. Please utilize ESSILORLUXOTTICA's Downside Deviation of 1.49, mean deviation of 1.06, and Market Risk Adjusted Performance of 1.1 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ESSILORLUXOTTICA holds a performance score of 12. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, ESSILORLUXOTTICA's returns are expected to increase less than the market. However, during the bear market, the loss of holding ESSILORLUXOTTICA is expected to be smaller as well. Please check ESSILORLUXOTTICA's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether ESSILORLUXOTTICA's price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
ESSILORLUXOTTICA 12ON has very good reverse predictability. Overlapping area represents the amount of predictability between ESSILORLUXOTTICA time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 ESSILORLUXOTTICA 12ON price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current ESSILORLUXOTTICA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
ESSILORLUXOTTICA 12ON lagged returns against current returns
Autocorrelation, which is ESSILORLUXOTTICA 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 ESSILORLUXOTTICA's stock expected returns. We can calculate the autocorrelation of ESSILORLUXOTTICA returns to help us make a trade decision. For example, suppose you find that ESSILORLUXOTTICA 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 |
ESSILORLUXOTTICA 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 ESSILORLUXOTTICA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ESSILORLUXOTTICA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ESSILORLUXOTTICA stock over time.
Current vs Lagged Prices |
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ESSILORLUXOTTICA Lagged Returns
When evaluating ESSILORLUXOTTICA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ESSILORLUXOTTICA stock have on its future price. ESSILORLUXOTTICA 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, ESSILORLUXOTTICA autocorrelation shows the relationship between ESSILORLUXOTTICA stock current value and its past values and can show if there is a momentum factor associated with investing in ESSILORLUXOTTICA 12ON.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ESSILORLUXOTTICA Stock
ESSILORLUXOTTICA financial ratios help investors to determine whether ESSILORLUXOTTICA 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 ESSILORLUXOTTICA with respect to the benefits of owning ESSILORLUXOTTICA security.