Accor S (France) Market Value
| AC Stock | EUR 40.95 1.10 2.76% |
| Symbol | Accor |
Accor S '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 Accor S'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 Accor S.
| 05/30/2023 |
| 04/24/2024 |
If you would invest 0.00 in Accor S on May 30, 2023 and sell it all today you would earn a total of 0.00 from holding Accor S A or generate 0.0% return on investment in Accor S over 330 days. Accor S is related to or competes with Bouygues, Capgemini, Carrefour, Pernod Ricard, and Compagnie. It operates through three segments HotelServices, Hotel Assets Others, and New Businesses More
Accor S 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 Accor S'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 Accor S A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | 0.0637 | |||
| Maximum Drawdown | 8.92 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 1.9 |
Accor S Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accor S's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accor S's standard deviation. In reality, there are many statistical measures that can use Accor S historical prices to predict the future Accor S's volatility.| Risk Adjusted Performance | 0.09 | |||
| Jensen Alpha | 0.1169 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0745 | |||
| Treynor Ratio | 0.2747 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Accor S'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.
Accor S A Backtested Returns
We consider Accor S very steady. Accor S A secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Accor S A, which you can use to evaluate the volatility of the firm. Please confirm Accor S's risk adjusted performance of 0.09, and Mean Deviation of 0.8619 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Accor S has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Accor S's returns are expected to increase less than the market. However, during the bear market, the loss of holding Accor S is expected to be smaller as well. Accor S A right now shows a risk of 1.32%. Please confirm Accor S A mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Accor S A will be following its price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Accor S A has poor reverse predictability. Overlapping area represents the amount of predictability between Accor S time series from 30th of May 2023 to 11th of November 2023 and 11th of November 2023 to 24th of April 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 Accor S A price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Accor S price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 12.65 |
Accor S A lagged returns against current returns
Autocorrelation, which is Accor S 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 Accor S's stock expected returns. We can calculate the autocorrelation of Accor S returns to help us make a trade decision. For example, suppose you find that Accor S 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 |
Accor S 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 Accor S stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accor S stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accor S stock over time.
Current vs Lagged Prices |
| Timeline |
Accor S Lagged Returns
When evaluating Accor S's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accor S stock have on its future price. Accor S 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, Accor S autocorrelation shows the relationship between Accor S stock current value and its past values and can show if there is a momentum factor associated with investing in Accor S A.
Regressed Prices |
| Timeline |
Pair Trading with Accor S
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 Accor S 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 Accor S will appreciate offsetting losses from the drop in the long position's value.Moving together with Accor Stock
| 0.74 | ALLHB | Les Hotels Bav | PairCorr |
Moving against Accor Stock
| 0.59 | FCMC | Ferm Casino Mun | PairCorr |
The ability to find closely correlated positions to Accor S could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accor S 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 Accor S - 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 Accor S A to buy it.
The correlation of Accor S 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 Accor S moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accor S A 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 Accor S 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.Check out Accor S Correlation, Accor S Volatility and Accor S Alpha and Beta module to complement your research on Accor S. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Accor Stock analysis
When running Accor S's price analysis, check to measure Accor S'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 Accor S is operating at the current time. Most of Accor S's value examination focuses on studying past and present price action to predict the probability of Accor S's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accor S's price. Additionally, you may evaluate how the addition of Accor S to your portfolios can decrease your overall portfolio volatility.
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Accor S technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.