Draper Esprit (Ireland) Market Value
| GRW Stock | EUR 3.02 0.00 0.00% |
| Symbol | Draper |
Draper Esprit '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 Draper Esprit'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 Draper Esprit.
| 11/02/2023 |
| 01/25/2025 |
If you would invest 0.00 in Draper Esprit on November 2, 2023 and sell it all today you would earn a total of 0.00 from holding Draper Esprit plc or generate 0.0% return on investment in Draper Esprit over 450 days. Draper Esprit is related to or competes with Bank of Ireland, Donegal Investment, Glenveagh Properties, Ryanair Holdings, and Irish Continental. More
Draper Esprit 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 Draper Esprit'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 Draper Esprit plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 15.71 | |||
| Value At Risk | (4.76) |
Draper Esprit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Draper Esprit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Draper Esprit's standard deviation. In reality, there are many statistical measures that can use Draper Esprit historical prices to predict the future Draper Esprit's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (28.88) |
Draper Esprit plc Backtested Returns
Draper Esprit plc secures Sharpe Ratio (or Efficiency) of -0.26, which denotes the company had a -0.26 % return per unit of standard deviation over the last 3 months. Draper Esprit plc exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Draper Esprit's Standard Deviation of 2.39, mean deviation of 1.19, and Coefficient Of Variation of (360.60) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0233, which means not very significant fluctuations relative to the market. As returns on the market increase, Draper Esprit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Draper Esprit is expected to be smaller as well. At this point, Draper Esprit plc has a negative expected return of -0.64%. Please make sure to confirm Draper Esprit's mean deviation, information ratio, skewness, as well as the relationship between the standard deviation and maximum drawdown , to decide if Draper Esprit plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Draper Esprit plc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Draper Esprit time series from 2nd of November 2023 to 14th of June 2024 and 14th of June 2024 to 25th 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 Draper Esprit plc price movement. The serial correlation of -0.78 indicates that around 78.0% of current Draper Esprit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Draper Esprit plc lagged returns against current returns
Autocorrelation, which is Draper Esprit 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 Draper Esprit's stock expected returns. We can calculate the autocorrelation of Draper Esprit returns to help us make a trade decision. For example, suppose you find that Draper Esprit 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 |
Draper Esprit 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 Draper Esprit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Draper Esprit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Draper Esprit stock over time.
Current vs Lagged Prices |
| Timeline |
Draper Esprit Lagged Returns
When evaluating Draper Esprit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Draper Esprit stock have on its future price. Draper Esprit 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, Draper Esprit autocorrelation shows the relationship between Draper Esprit stock current value and its past values and can show if there is a momentum factor associated with investing in Draper Esprit plc.
Regressed Prices |
| Timeline |
Pair Trading with Draper Esprit
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 Draper Esprit 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 Draper Esprit will appreciate offsetting losses from the drop in the long position's value.Moving together with Draper Stock
Moving against Draper Stock
The ability to find closely correlated positions to Draper Esprit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Draper Esprit 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 Draper Esprit - 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 Draper Esprit plc to buy it.
The correlation of Draper Esprit 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 Draper Esprit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Draper Esprit plc 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 Draper Esprit 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 Draper Stock Analysis
When running Draper Esprit's price analysis, check to measure Draper Esprit'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 Draper Esprit is operating at the current time. Most of Draper Esprit's value examination focuses on studying past and present price action to predict the probability of Draper Esprit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Draper Esprit's price. Additionally, you may evaluate how the addition of Draper Esprit to your portfolios can decrease your overall portfolio volatility.