Grifols SA (Germany) Market Value
| OZTA Stock | EUR 8.90 0.16 1.83% |
| Symbol | Grifols |
Grifols SA '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 Grifols SA'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 Grifols SA.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Grifols SA on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Grifols SA or generate 0.0% return on investment in Grifols SA over 60 days. Grifols SA is related to or competes with Taiwan Semiconductor, FUTURE GAMING, EAST SIDE, Penn National, Magnachip Semiconductor, Scientific Games, and HOCHSCHILD MINING. Grifols, S.A., a specialty pharmaceutical company, develops, manufactures, and distributes a range of biological medicin... More
Grifols SA 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 Grifols SA'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 Grifols SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 18.7 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 4.27 |
Grifols SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grifols SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grifols SA's standard deviation. In reality, there are many statistical measures that can use Grifols SA historical prices to predict the future Grifols SA's volatility.| Risk Adjusted Performance | 0.0147 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0276 |
Grifols SA Backtested Returns
Grifols SA holds Efficiency (Sharpe) Ratio of -0.0444, which attests that the entity had a -0.0444% return per unit of risk over the last 3 months. Grifols SA exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grifols SA's Downside Deviation of 3.51, risk adjusted performance of 0.0147, and Market Risk Adjusted Performance of 0.0376 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Grifols SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grifols SA is expected to be smaller as well. At this point, Grifols SA has a negative expected return of -0.13%. Please make sure to check out Grifols SA's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Grifols SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Grifols SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Grifols SA time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Grifols SA price movement. The serial correlation of -0.8 indicates that around 80.0% of current Grifols SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Grifols SA lagged returns against current returns
Autocorrelation, which is Grifols SA 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 Grifols SA's stock expected returns. We can calculate the autocorrelation of Grifols SA returns to help us make a trade decision. For example, suppose you find that Grifols SA 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 |
Grifols SA 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 Grifols SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grifols SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grifols SA stock over time.
Current vs Lagged Prices |
| Timeline |
Grifols SA Lagged Returns
When evaluating Grifols SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grifols SA stock have on its future price. Grifols SA 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, Grifols SA autocorrelation shows the relationship between Grifols SA stock current value and its past values and can show if there is a momentum factor associated with investing in Grifols SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Grifols Stock
Grifols SA financial ratios help investors to determine whether Grifols 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 Grifols with respect to the benefits of owning Grifols SA security.