PLAYWAY SA (Poland) Market Value
| PLW Stock | 305.50 3.50 1.13% |
| Symbol | PLAYWAY |
PLAYWAY 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 PLAYWAY 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 PLAYWAY SA.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in PLAYWAY SA on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding PLAYWAY SA or generate 0.0% return on investment in PLAYWAY SA over 30 days. PLAYWAY SA is related to or competes with LSI Software, MBank SA, Play2Chill, Skyline Investment, Cloud Technologies, and Immobile. More
PLAYWAY 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 PLAYWAY 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 PLAYWAY SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.1472 | |||
| Maximum Drawdown | 6.28 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 2.6 |
PLAYWAY SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PLAYWAY SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PLAYWAY SA's standard deviation. In reality, there are many statistical measures that can use PLAYWAY SA historical prices to predict the future PLAYWAY SA's volatility.| Risk Adjusted Performance | 0.1072 | |||
| Jensen Alpha | 0.1917 | |||
| Total Risk Alpha | 0.2471 | |||
| Sortino Ratio | 0.1587 | |||
| Treynor Ratio | (0.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PLAYWAY SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
PLAYWAY SA Backtested Returns
PLAYWAY SA appears to be very steady, given 3 months investment horizon. PLAYWAY SA retains Efficiency (Sharpe Ratio) of 0.14, which implies the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for PLAYWAY SA, which you can use to evaluate the volatility of the company. Please evaluate PLAYWAY SA's semi deviation of 1.18, and Market Risk Adjusted Performance of (0.55) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PLAYWAY SA holds a performance score of 11. The company owns a Beta (Systematic Risk) of -0.35, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PLAYWAY SA are expected to decrease at a much lower rate. During the bear market, PLAYWAY SA is likely to outperform the market. Please check PLAYWAY SA's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether PLAYWAY SA's current price history will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
PLAYWAY SA has weak reverse predictability. Overlapping area represents the amount of predictability between PLAYWAY SA time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 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 PLAYWAY SA price movement. The serial correlation of -0.25 indicates that over 25.0% of current PLAYWAY SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 8.77 |
PLAYWAY SA lagged returns against current returns
Autocorrelation, which is PLAYWAY 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 PLAYWAY SA's stock expected returns. We can calculate the autocorrelation of PLAYWAY SA returns to help us make a trade decision. For example, suppose you find that PLAYWAY 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 |
PLAYWAY 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 PLAYWAY SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PLAYWAY SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PLAYWAY SA stock over time.
Current vs Lagged Prices |
| Timeline |
PLAYWAY SA Lagged Returns
When evaluating PLAYWAY SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PLAYWAY SA stock have on its future price. PLAYWAY 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, PLAYWAY SA autocorrelation shows the relationship between PLAYWAY SA stock current value and its past values and can show if there is a momentum factor associated with investing in PLAYWAY SA.
Regressed Prices |
| Timeline |
Pair Trading with PLAYWAY SA
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 PLAYWAY SA 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 PLAYWAY SA will appreciate offsetting losses from the drop in the long position's value.Moving together with PLAYWAY Stock
Moving against PLAYWAY Stock
The ability to find closely correlated positions to PLAYWAY SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PLAYWAY SA 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 PLAYWAY SA - 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 PLAYWAY SA to buy it.
The correlation of PLAYWAY SA 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 PLAYWAY SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PLAYWAY SA 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 PLAYWAY SA 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 PLAYWAY Stock Analysis
When running PLAYWAY SA's price analysis, check to measure PLAYWAY SA'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 PLAYWAY SA is operating at the current time. Most of PLAYWAY SA's value examination focuses on studying past and present price action to predict the probability of PLAYWAY SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PLAYWAY SA's price. Additionally, you may evaluate how the addition of PLAYWAY SA to your portfolios can decrease your overall portfolio volatility.