Athens Water (Greece) Market Value
| EYDAP Stock | EUR 5.94 0.08 1.33% |
| Symbol | Athens |
Athens Water '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 Athens Water'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 Athens Water.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Athens Water on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Athens Water Supply or generate 0.0% return on investment in Athens Water over 90 days. Athens Water is related to or competes with Hellenic Petroleum, Mytilineos, Hellenic Telecommunicatio, Public Power, and Greek Organization. Athens Water Supply and Sewerage Company S.A More
Athens Water 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 Athens Water'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 Athens Water Supply upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.1369 | |||
| Maximum Drawdown | 5.66 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 2.08 |
Athens Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Athens Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Athens Water's standard deviation. In reality, there are many statistical measures that can use Athens Water historical prices to predict the future Athens Water's volatility.| Risk Adjusted Performance | 0.0244 | |||
| Jensen Alpha | 0.012 | |||
| Total Risk Alpha | 0.1798 | |||
| Sortino Ratio | 0.1303 | |||
| Treynor Ratio | (0.37) |
Athens Water Supply Backtested Returns
At this point, Athens Water is not too volatile. Athens Water Supply secures Sharpe Ratio (or Efficiency) of 0.0161, which signifies that the company had a 0.0161 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Athens Water Supply, which you can use to evaluate the volatility of the firm. Please confirm Athens Water's risk adjusted performance of 0.0244, and Mean Deviation of 0.7706 to double-check if the risk estimate we provide is consistent with the expected return of 0.0167%. Athens Water has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.05, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Athens Water are expected to decrease at a much lower rate. During the bear market, Athens Water is likely to outperform the market. Athens Water Supply right now shows a risk of 1.04%. Please confirm Athens Water Supply jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Athens Water Supply will be following its price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Athens Water Supply has virtually no predictability. Overlapping area represents the amount of predictability between Athens Water time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 Athens Water Supply price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Athens Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Athens Water Supply lagged returns against current returns
Autocorrelation, which is Athens Water 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 Athens Water's stock expected returns. We can calculate the autocorrelation of Athens Water returns to help us make a trade decision. For example, suppose you find that Athens Water 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 |
Athens Water 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 Athens Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Athens Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Athens Water stock over time.
Current vs Lagged Prices |
| Timeline |
Athens Water Lagged Returns
When evaluating Athens Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Athens Water stock have on its future price. Athens Water 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, Athens Water autocorrelation shows the relationship between Athens Water stock current value and its past values and can show if there is a momentum factor associated with investing in Athens Water Supply.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Athens Stock
Athens Water financial ratios help investors to determine whether Athens 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 Athens with respect to the benefits of owning Athens Water security.