GrafTech International (Germany) Market Value
| G6G Stock | EUR 1.55 0.10 6.06% |
| Symbol | GrafTech |
GrafTech International '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 GrafTech International'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 GrafTech International.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in GrafTech International on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding GrafTech International or generate 0.0% return on investment in GrafTech International over 30 days. GrafTech International is related to or competes with Delta Electronics, YASKAWA ELEC, Plug Power, VERTIV HOLCL, OSRAM LICHT, Bloom Energy, and Alfen NV. GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide More
GrafTech International 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 GrafTech International'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 GrafTech International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.37 | |||
| Information Ratio | 0.1768 | |||
| Maximum Drawdown | 32.07 | |||
| Value At Risk | (8.24) | |||
| Potential Upside | 13.64 |
GrafTech International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GrafTech International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GrafTech International's standard deviation. In reality, there are many statistical measures that can use GrafTech International historical prices to predict the future GrafTech International's volatility.| Risk Adjusted Performance | 0.1526 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | 1.05 | |||
| Sortino Ratio | 0.2268 | |||
| Treynor Ratio | 1.49 |
GrafTech International Backtested Returns
GrafTech International is extremely dangerous given 3 months investment horizon. GrafTech International holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of standard deviation over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.08% are justified by taking the suggested risk. Use GrafTech International risk adjusted performance of 0.1526, and Market Risk Adjusted Performance of 1.5 to evaluate company specific risk that cannot be diversified away. GrafTech International holds a performance score of 12 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.83, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GrafTech International's returns are expected to increase less than the market. However, during the bear market, the loss of holding GrafTech International is expected to be smaller as well. Use GrafTech International market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on GrafTech International.
Auto-correlation | 0.13 |
Insignificant predictability
GrafTech International has insignificant predictability. Overlapping area represents the amount of predictability between GrafTech International time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 GrafTech International price movement. The serial correlation of 0.13 indicates that less than 13.0% of current GrafTech International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
GrafTech International lagged returns against current returns
Autocorrelation, which is GrafTech International 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 GrafTech International's stock expected returns. We can calculate the autocorrelation of GrafTech International returns to help us make a trade decision. For example, suppose you find that GrafTech International 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 |
GrafTech International 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 GrafTech International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GrafTech International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GrafTech International stock over time.
Current vs Lagged Prices |
| Timeline |
GrafTech International Lagged Returns
When evaluating GrafTech International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GrafTech International stock have on its future price. GrafTech International 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, GrafTech International autocorrelation shows the relationship between GrafTech International stock current value and its past values and can show if there is a momentum factor associated with investing in GrafTech International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in GrafTech Stock
When determining whether GrafTech International is a strong investment it is important to analyze GrafTech International's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GrafTech International's future performance. For an informed investment choice regarding GrafTech Stock, refer to the following important reports:Check out GrafTech International Correlation, GrafTech International Volatility and GrafTech International Alpha and Beta module to complement your research on GrafTech International. For more detail on how to invest in GrafTech Stock please use our How to Invest in GrafTech International guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
GrafTech International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.