Fluxys Belgium (Belgium) Market Value
| FLUX Stock | EUR 14.65 0.75 4.87% |
| Symbol | Fluxys |
Fluxys Belgium '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 Fluxys Belgium'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 Fluxys Belgium.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Fluxys Belgium on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Fluxys Belgium or generate 0.0% return on investment in Fluxys Belgium over 30 days. Fluxys Belgium is related to or competes with Elia Group, GIMV NV, Cofinimmo, TINC Comm, and Immobel. Fluxys Belgium SA operates natural gas transmission grid and storage infrastructure in Belgium More
Fluxys Belgium 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 Fluxys Belgium'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 Fluxys Belgium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 19.59 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 3.85 |
Fluxys Belgium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fluxys Belgium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fluxys Belgium's standard deviation. In reality, there are many statistical measures that can use Fluxys Belgium historical prices to predict the future Fluxys Belgium's volatility.| Risk Adjusted Performance | 0.0023 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.08) |
Fluxys Belgium Backtested Returns
Fluxys Belgium secures Sharpe Ratio (or Efficiency) of -0.0108, which denotes the company had a -0.0108% return per unit of risk over the last 3 months. Fluxys Belgium exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fluxys Belgium's Standard Deviation of 3.01, variance of 9.06, and Mean Deviation of 1.92 to check the risk estimate we provide. 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, Fluxys Belgium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fluxys Belgium is expected to be smaller as well. At this point, Fluxys Belgium has a negative expected return of -0.0326%. Please make sure to confirm Fluxys Belgium's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Fluxys Belgium performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Fluxys Belgium has below average predictability. Overlapping area represents the amount of predictability between Fluxys Belgium time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Fluxys Belgium price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Fluxys Belgium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
Fluxys Belgium lagged returns against current returns
Autocorrelation, which is Fluxys Belgium 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 Fluxys Belgium's stock expected returns. We can calculate the autocorrelation of Fluxys Belgium returns to help us make a trade decision. For example, suppose you find that Fluxys Belgium 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 |
Fluxys Belgium 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 Fluxys Belgium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fluxys Belgium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fluxys Belgium stock over time.
Current vs Lagged Prices |
| Timeline |
Fluxys Belgium Lagged Returns
When evaluating Fluxys Belgium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fluxys Belgium stock have on its future price. Fluxys Belgium 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, Fluxys Belgium autocorrelation shows the relationship between Fluxys Belgium stock current value and its past values and can show if there is a momentum factor associated with investing in Fluxys Belgium.
Regressed Prices |
| Timeline |
Pair Trading with Fluxys Belgium
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fluxys Belgium position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fluxys Belgium will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Fluxys Belgium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fluxys Belgium when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fluxys Belgium - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fluxys Belgium to buy it.
The correlation of Fluxys Belgium is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fluxys Belgium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fluxys Belgium moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fluxys Belgium can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Fluxys Stock Analysis
When running Fluxys Belgium's price analysis, check to measure Fluxys Belgium's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fluxys Belgium is operating at the current time. Most of Fluxys Belgium's value examination focuses on studying past and present price action to predict the probability of Fluxys Belgium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fluxys Belgium's price. Additionally, you may evaluate how the addition of Fluxys Belgium to your portfolios can decrease your overall portfolio volatility.