Laboratorios Farmaceuticos (Spain) Market Value
| ROVI Stock | EUR 64.45 0.60 0.94% |
| Symbol | Laboratorios |
Laboratorios Farmaceuticos '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 Laboratorios Farmaceuticos' 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 Laboratorios Farmaceuticos.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Laboratorios Farmaceuticos on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Laboratorios Farmaceuticos ROVI or generate 0.0% return on investment in Laboratorios Farmaceuticos over 30 days. Laboratorios Farmaceuticos is related to or competes with Grifols SA, Pharma Mar, Metrovacesa, Elecnor SA, Mapfre, Amper SA, and Altia Consultores. Laboratorios Farmaceuticos Rovi, S.A. engages in the research, development, production, and sale of pharmaceutical produ... More
Laboratorios Farmaceuticos 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 Laboratorios Farmaceuticos' 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 Laboratorios Farmaceuticos ROVI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 15.78 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 2.34 |
Laboratorios Farmaceuticos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Laboratorios Farmaceuticos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Laboratorios Farmaceuticos' standard deviation. In reality, there are many statistical measures that can use Laboratorios Farmaceuticos historical prices to predict the future Laboratorios Farmaceuticos' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 0.1934 |
Laboratorios Farmaceuticos Backtested Returns
Laboratorios Farmaceuticos has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Laboratorios Farmaceuticos exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Laboratorios Farmaceuticos' Risk Adjusted Performance of (0.09), standard deviation of 2.36, and Mean Deviation of 1.43 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.55, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Laboratorios Farmaceuticos are expected to decrease by larger amounts. On the other hand, during market turmoil, Laboratorios Farmaceuticos is expected to outperform it. At this point, Laboratorios Farmaceuticos has a negative expected return of -0.28%. Please make sure to verify Laboratorios Farmaceuticos' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Laboratorios Farmaceuticos performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.85 |
Excellent reverse predictability
Laboratorios Farmaceuticos ROVI has excellent reverse predictability. Overlapping area represents the amount of predictability between Laboratorios Farmaceuticos time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Laboratorios Farmaceuticos price movement. The serial correlation of -0.85 indicates that around 85.0% of current Laboratorios Farmaceuticos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Laboratorios Farmaceuticos lagged returns against current returns
Autocorrelation, which is Laboratorios Farmaceuticos 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 Laboratorios Farmaceuticos' stock expected returns. We can calculate the autocorrelation of Laboratorios Farmaceuticos returns to help us make a trade decision. For example, suppose you find that Laboratorios Farmaceuticos 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 |
Laboratorios Farmaceuticos 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 Laboratorios Farmaceuticos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Laboratorios Farmaceuticos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Laboratorios Farmaceuticos stock over time.
Current vs Lagged Prices |
| Timeline |
Laboratorios Farmaceuticos Lagged Returns
When evaluating Laboratorios Farmaceuticos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Laboratorios Farmaceuticos stock have on its future price. Laboratorios Farmaceuticos 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, Laboratorios Farmaceuticos autocorrelation shows the relationship between Laboratorios Farmaceuticos stock current value and its past values and can show if there is a momentum factor associated with investing in Laboratorios Farmaceuticos ROVI.
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 Laboratorios Stock
Laboratorios Farmaceuticos financial ratios help investors to determine whether Laboratorios 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 Laboratorios with respect to the benefits of owning Laboratorios Farmaceuticos security.