Polytec Holding's market value is the price at which a share of Polytec Holding trades on a public exchange. It measures the collective expectations of Polytec Holding AG investors about its performance. Polytec Holding is trading at 2.17 as of the 7th of January 2025. This is a 1.40 percent increase since the beginning of the trading day. The stock's open price was 2.14. With this module, you can estimate the performance of a buy and hold strategy of Polytec Holding AG and determine expected loss or profit from investing in Polytec Holding over a given investment horizon. Check out Polytec Holding Correlation, Polytec Holding Volatility and Polytec Holding Alpha and Beta module to complement your research on Polytec Holding.
Please note, there is a significant difference between Polytec Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Polytec Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polytec Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Polytec Holding '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 Polytec Holding'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 Polytec Holding.
0.00
01/23/2022
No Change 0.00
0.0
In 2 years 11 months and 16 days
01/07/2025
0.00
If you would invest 0.00 in Polytec Holding on January 23, 2022 and sell it all today you would earn a total of 0.00 from holding Polytec Holding AG or generate 0.0% return on investment in Polytec Holding over 1080 days. Polytec Holding is related to or competes with Voestalpine, AT S, Andritz AG, Schoeller Bleckmann, and Oesterr Post. More
Polytec Holding 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 Polytec Holding'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 Polytec Holding AG upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polytec Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polytec Holding's standard deviation. In reality, there are many statistical measures that can use Polytec Holding historical prices to predict the future Polytec Holding's volatility.
Polytec Holding AG maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Polytec Holding AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Polytec Holding's Variance of 6.62, coefficient of variation of (634.49), and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The company holds a Beta of -0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Polytec Holding are expected to decrease at a much lower rate. During the bear market, Polytec Holding is likely to outperform the market. At this point, Polytec Holding AG has a negative expected return of -0.35%. Please make sure to check Polytec Holding's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Polytec Holding AG performance from the past will be repeated at some point in the near future.
Auto-correlation
0.23
Weak predictability
Polytec Holding AG has weak predictability. Overlapping area represents the amount of predictability between Polytec Holding time series from 23rd of January 2022 to 17th of July 2023 and 17th of July 2023 to 7th of January 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 Polytec Holding AG price movement. The serial correlation of 0.23 indicates that over 23.0% of current Polytec Holding price fluctuation can be explain by its past prices.
Correlation Coefficient
0.23
Spearman Rank Test
0.29
Residual Average
0.0
Price Variance
0.11
Polytec Holding AG lagged returns against current returns
Autocorrelation, which is Polytec Holding 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 Polytec Holding's stock expected returns. We can calculate the autocorrelation of Polytec Holding returns to help us make a trade decision. For example, suppose you find that Polytec Holding 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
Polytec Holding 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 Polytec Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polytec Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polytec Holding stock over time.
Current vs Lagged Prices
Timeline
Polytec Holding Lagged Returns
When evaluating Polytec Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polytec Holding stock have on its future price. Polytec Holding 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, Polytec Holding autocorrelation shows the relationship between Polytec Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Polytec Holding AG.
Polytec Holding financial ratios help investors to determine whether Polytec 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 Polytec with respect to the benefits of owning Polytec Holding security.