EasyJet PLC (UK) Market Value
| EZJ Stock | 571.60 1.80 0.31% |
| Symbol | EasyJet |
EasyJet PLC '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 EasyJet PLC'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 EasyJet PLC.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in EasyJet PLC on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding EasyJet PLC or generate 0.0% return on investment in EasyJet PLC over 390 days. EasyJet PLC is related to or competes with Cornish Metals, Europa Metals, Gaztransport, Empire Metals, Mindflair Plc, Porvair Plc, and Infrastrutture Wireless. EasyJet PLC is entity of United Kingdom. It is traded as Stock on LSE exchange. More
EasyJet PLC 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 EasyJet PLC'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 EasyJet PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0744 | |||
| Maximum Drawdown | 6.95 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.15 |
EasyJet PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EasyJet PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EasyJet PLC's standard deviation. In reality, there are many statistical measures that can use EasyJet PLC historical prices to predict the future EasyJet PLC's volatility.| Risk Adjusted Performance | 0.0792 | |||
| Jensen Alpha | 0.1549 | |||
| Total Risk Alpha | 0.1022 | |||
| Sortino Ratio | 0.0769 | |||
| Treynor Ratio | (0.74) |
EasyJet PLC Backtested Returns
At this point, EasyJet PLC is very steady. EasyJet PLC secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for EasyJet PLC, which you can use to evaluate the volatility of the firm. Please confirm EasyJet PLC's Downside Deviation of 1.67, coefficient of variation of 1073.92, and Mean Deviation of 1.3 to check if the risk estimate we provide is consistent with the expected return of 0.18%. EasyJet PLC has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EasyJet PLC are expected to decrease at a much lower rate. During the bear market, EasyJet PLC is likely to outperform the market. EasyJet PLC right now shows a risk of 1.71%. Please confirm EasyJet PLC potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if EasyJet PLC will be following its price patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
EasyJet PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between EasyJet PLC time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 EasyJet PLC price movement. The serial correlation of -0.16 indicates that over 16.0% of current EasyJet PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1648.22 |
EasyJet PLC lagged returns against current returns
Autocorrelation, which is EasyJet PLC 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 EasyJet PLC's stock expected returns. We can calculate the autocorrelation of EasyJet PLC returns to help us make a trade decision. For example, suppose you find that EasyJet PLC 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 |
EasyJet PLC 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 EasyJet PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EasyJet PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EasyJet PLC stock over time.
Current vs Lagged Prices |
| Timeline |
EasyJet PLC Lagged Returns
When evaluating EasyJet PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EasyJet PLC stock have on its future price. EasyJet PLC 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, EasyJet PLC autocorrelation shows the relationship between EasyJet PLC stock current value and its past values and can show if there is a momentum factor associated with investing in EasyJet PLC.
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 EasyJet Stock
EasyJet PLC financial ratios help investors to determine whether EasyJet 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 EasyJet with respect to the benefits of owning EasyJet PLC security.