Prodways Group (France) Market Value
| PWG Stock | EUR 0.48 0.01 2.04% |
| Symbol | Prodways |
Prodways Group '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 Prodways Group'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 Prodways Group.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Prodways Group on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Prodways Group SA or generate 0.0% return on investment in Prodways Group over 720 days. Prodways Group is related to or competes with Balyo SA, Lumibird, and Figeac Aero. Prodways Group SA manufactures and sells industrial and professional 3D printers in Europe More
Prodways Group 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 Prodways Group'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 Prodways Group SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.23 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.92 |
Prodways Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prodways Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prodways Group's standard deviation. In reality, there are many statistical measures that can use Prodways Group historical prices to predict the future Prodways Group's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 0.3899 |
Prodways Group SA Backtested Returns
Prodways Group SA maintains Sharpe Ratio (i.e., Efficiency) of -0.0214, which implies the firm had a -0.0214% return per unit of risk over the last 3 months. Prodways Group SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prodways Group's Coefficient Of Variation of (2,023), risk adjusted performance of (0.03), and Variance of 4.16 to confirm the risk estimate we provide. The company holds a Beta of -0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prodways Group are expected to decrease at a much lower rate. During the bear market, Prodways Group is likely to outperform the market. At this point, Prodways Group SA has a negative expected return of -0.0425%. Please make sure to check Prodways Group's potential upside and the relationship between the accumulation distribution and price action indicator , to decide if Prodways Group SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Prodways Group SA has excellent predictability. Overlapping area represents the amount of predictability between Prodways Group time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Prodways Group SA price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Prodways Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Prodways Group SA lagged returns against current returns
Autocorrelation, which is Prodways Group 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 Prodways Group's stock expected returns. We can calculate the autocorrelation of Prodways Group returns to help us make a trade decision. For example, suppose you find that Prodways Group 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 |
Prodways Group 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 Prodways Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prodways Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prodways Group stock over time.
Current vs Lagged Prices |
| Timeline |
Prodways Group Lagged Returns
When evaluating Prodways Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prodways Group stock have on its future price. Prodways Group 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, Prodways Group autocorrelation shows the relationship between Prodways Group stock current value and its past values and can show if there is a momentum factor associated with investing in Prodways Group SA.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Prodways Stock
Prodways Group financial ratios help investors to determine whether Prodways 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 Prodways with respect to the benefits of owning Prodways Group security.