Prabos Plus (Czech Republic) Market Value
| PRAB Stock | 268.00 18.00 7.20% |
| Symbol | Prabos |
Prabos Plus '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 Prabos Plus' 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 Prabos Plus.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Prabos Plus on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Prabos Plus as or generate 0.0% return on investment in Prabos Plus over 30 days. Prabos Plus is related to or competes with UNIQA Insurance, Komercni Banka, and Vienna Insurance. More
Prabos Plus 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 Prabos Plus' 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 Prabos Plus as upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.39 | |||
| Information Ratio | 0.0131 | |||
| Maximum Drawdown | 27.46 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 6.15 |
Prabos Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prabos Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prabos Plus' standard deviation. In reality, there are many statistical measures that can use Prabos Plus historical prices to predict the future Prabos Plus' volatility.| Risk Adjusted Performance | 0.0206 | |||
| Jensen Alpha | 0.0523 | |||
| Total Risk Alpha | 0.0275 | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | (0.27) |
Prabos Plus as Backtested Returns
Currently, Prabos Plus as is very steady. Prabos Plus as maintains Sharpe Ratio (i.e., Efficiency) of 0.0182, which implies the firm had a 0.0182 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prabos Plus as, which you can use to evaluate the volatility of the company. Please check Prabos Plus' Semi Deviation of 2.48, risk adjusted performance of 0.0206, and Coefficient Of Variation of 5787.22 to confirm if the risk estimate we provide is consistent with the expected return of 0.0686%. Prabos Plus has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of -0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prabos Plus are expected to decrease at a much lower rate. During the bear market, Prabos Plus is likely to outperform the market. Prabos Plus as right now holds a risk of 3.76%. Please check Prabos Plus as downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Prabos Plus as will be following its historical price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Prabos Plus as has weak reverse predictability. Overlapping area represents the amount of predictability between Prabos Plus time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Prabos Plus as price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Prabos Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 200.73 |
Prabos Plus as lagged returns against current returns
Autocorrelation, which is Prabos Plus 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 Prabos Plus' stock expected returns. We can calculate the autocorrelation of Prabos Plus returns to help us make a trade decision. For example, suppose you find that Prabos Plus 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 |
Prabos Plus 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 Prabos Plus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prabos Plus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prabos Plus stock over time.
Current vs Lagged Prices |
| Timeline |
Prabos Plus Lagged Returns
When evaluating Prabos Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prabos Plus stock have on its future price. Prabos Plus 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, Prabos Plus autocorrelation shows the relationship between Prabos Plus stock current value and its past values and can show if there is a momentum factor associated with investing in Prabos Plus as.
Regressed Prices |
| Timeline |
Pair Trading with Prabos Plus
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 Prabos Plus 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 Prabos Plus will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Prabos Plus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prabos Plus 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 Prabos Plus - 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 Prabos Plus as to buy it.
The correlation of Prabos Plus 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 Prabos Plus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prabos Plus as 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 Prabos Plus 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 Prabos Stock Analysis
When running Prabos Plus' price analysis, check to measure Prabos Plus' 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 Prabos Plus is operating at the current time. Most of Prabos Plus' value examination focuses on studying past and present price action to predict the probability of Prabos Plus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prabos Plus' price. Additionally, you may evaluate how the addition of Prabos Plus to your portfolios can decrease your overall portfolio volatility.