GRENKELEASING Dusseldorf (Germany) Market Value
| GLJ Stock | EUR 16.94 0.20 1.19% |
| Symbol | GRENKELEASING |
GRENKELEASING Dusseldorf '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 GRENKELEASING Dusseldorf'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 GRENKELEASING Dusseldorf.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in GRENKELEASING Dusseldorf on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding GRENKELEASING Dusseldorf or generate 0.0% return on investment in GRENKELEASING Dusseldorf over 720 days. GRENKELEASING Dusseldorf is related to or competes with Monument Mining, Mobilezone Holding, Iridium Communications, OFFICE DEPOT, T-Mobile, and Aya Gold. More
GRENKELEASING Dusseldorf 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 GRENKELEASING Dusseldorf'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 GRENKELEASING Dusseldorf upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 26.46 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 3.24 |
GRENKELEASING Dusseldorf Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRENKELEASING Dusseldorf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRENKELEASING Dusseldorf's standard deviation. In reality, there are many statistical measures that can use GRENKELEASING Dusseldorf historical prices to predict the future GRENKELEASING Dusseldorf's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (1.17) |
GRENKELEASING Dusseldorf Backtested Returns
GRENKELEASING Dusseldorf holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17 % return per unit of return volatility over the last 3 months. GRENKELEASING Dusseldorf exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GRENKELEASING Dusseldorf's Coefficient Of Variation of (620.17), market risk adjusted performance of (1.16), and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GRENKELEASING Dusseldorf's returns are expected to increase less than the market. However, during the bear market, the loss of holding GRENKELEASING Dusseldorf is expected to be smaller as well. At this point, GRENKELEASING Dusseldorf has a negative expected return of -0.64%. Please make sure to check out GRENKELEASING Dusseldorf's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if GRENKELEASING Dusseldorf performance from the past will be repeated in the future.
Auto-correlation | -0.03 |
Very weak reverse predictability
GRENKELEASING Dusseldorf has very weak reverse predictability. Overlapping area represents the amount of predictability between GRENKELEASING Dusseldorf time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st of January 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 GRENKELEASING Dusseldorf price movement. The serial correlation of -0.03 indicates that only 3.0% of current GRENKELEASING Dusseldorf price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 12.55 |
GRENKELEASING Dusseldorf lagged returns against current returns
Autocorrelation, which is GRENKELEASING Dusseldorf 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 GRENKELEASING Dusseldorf's stock expected returns. We can calculate the autocorrelation of GRENKELEASING Dusseldorf returns to help us make a trade decision. For example, suppose you find that GRENKELEASING Dusseldorf 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 |
GRENKELEASING Dusseldorf 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 GRENKELEASING Dusseldorf stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRENKELEASING Dusseldorf stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRENKELEASING Dusseldorf stock over time.
Current vs Lagged Prices |
| Timeline |
GRENKELEASING Dusseldorf Lagged Returns
When evaluating GRENKELEASING Dusseldorf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRENKELEASING Dusseldorf stock have on its future price. GRENKELEASING Dusseldorf 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, GRENKELEASING Dusseldorf autocorrelation shows the relationship between GRENKELEASING Dusseldorf stock current value and its past values and can show if there is a momentum factor associated with investing in GRENKELEASING Dusseldorf.
Regressed Prices |
| Timeline |
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Additional Tools for GRENKELEASING Stock Analysis
When running GRENKELEASING Dusseldorf's price analysis, check to measure GRENKELEASING Dusseldorf'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 GRENKELEASING Dusseldorf is operating at the current time. Most of GRENKELEASING Dusseldorf's value examination focuses on studying past and present price action to predict the probability of GRENKELEASING Dusseldorf's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GRENKELEASING Dusseldorf's price. Additionally, you may evaluate how the addition of GRENKELEASING Dusseldorf to your portfolios can decrease your overall portfolio volatility.