Essentra Plc (Germany) Market Value
| HOF Stock | EUR 1.53 0.08 4.97% |
| Symbol | Essentra |
Essentra 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 Essentra 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 Essentra Plc.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Essentra Plc on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Essentra plc or generate 0.0% return on investment in Essentra Plc over 720 days. Essentra Plc is related to or competes with Bridgestone, Advanced Drainage, Goodyear Tire, Sumitomo Rubber, Zeon, Nokian Renkaat, and Essentra Plc. Essentra plc manufactures and sells specialist plastic, fiber, foam, and packaging products worldwide More
Essentra 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 Essentra 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 Essentra plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.17 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 2.34 |
Essentra Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Essentra Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Essentra Plc's standard deviation. In reality, there are many statistical measures that can use Essentra Plc historical prices to predict the future Essentra Plc's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.44) |
Essentra plc Backtested Returns
Essentra plc secures Sharpe Ratio (or Efficiency) of -0.092, which denotes the company had a -0.092% return per unit of risk over the last 3 months. Essentra plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Essentra Plc's Standard Deviation of 1.68, mean deviation of 1.29, and Variance of 2.82 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, Essentra Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Essentra Plc is expected to be smaller as well. At this point, Essentra plc has a negative expected return of -0.15%. Please make sure to confirm Essentra Plc's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Essentra plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Essentra plc has poor predictability. Overlapping area represents the amount of predictability between Essentra Plc time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 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 Essentra plc price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Essentra Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Essentra plc lagged returns against current returns
Autocorrelation, which is Essentra 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 Essentra Plc's stock expected returns. We can calculate the autocorrelation of Essentra Plc returns to help us make a trade decision. For example, suppose you find that Essentra 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 |
Essentra 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 Essentra Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Essentra Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Essentra Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Essentra Plc Lagged Returns
When evaluating Essentra Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Essentra Plc stock have on its future price. Essentra 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, Essentra Plc autocorrelation shows the relationship between Essentra Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Essentra plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Essentra Stock
Essentra Plc financial ratios help investors to determine whether Essentra 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 Essentra with respect to the benefits of owning Essentra Plc security.