FreelanceCom (France) Market Value

ALFRE Stock  EUR 3.49  0.03  0.87%   
FreelanceCom's market value is the price at which a share of FreelanceCom trades on a public exchange. It measures the collective expectations of FreelanceCom investors about its performance. FreelanceCom is selling at 3.49 as of the 28th of March 2024; that is 0.87% increase since the beginning of the trading day. The stock's last reported lowest price was 3.45.
With this module, you can estimate the performance of a buy and hold strategy of FreelanceCom and determine expected loss or profit from investing in FreelanceCom over a given investment horizon. Check out FreelanceCom Correlation, FreelanceCom Volatility and FreelanceCom Alpha and Beta module to complement your research on FreelanceCom.
Symbol

Please note, there is a significant difference between FreelanceCom's value and its price as these two are different measures arrived at by different means. Investors typically determine if FreelanceCom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FreelanceCom'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.

FreelanceCom '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 FreelanceCom'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 FreelanceCom.
0.00
02/02/2023
No Change 0.00  0.0 
In 1 year 1 month and 25 days
03/28/2024
0.00
If you would invest  0.00  in FreelanceCom on February 2, 2023 and sell it all today you would earn a total of 0.00 from holding FreelanceCom or generate 0.0% return on investment in FreelanceCom over 420 days. FreelanceCom is related to or competes with NR 21, Bluelinea, Neotion SA, Schlumberger, Alstom SA, SQLI SA, and Amplitude Surgical. Freelance.com SA provides intermediation between companies and intellectual providers in France, Germany, Britain, Moroc... More

FreelanceCom 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 FreelanceCom'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 FreelanceCom upside and downside potential and time the market with a certain degree of confidence.

FreelanceCom Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for FreelanceCom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FreelanceCom's standard deviation. In reality, there are many statistical measures that can use FreelanceCom historical prices to predict the future FreelanceCom's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FreelanceCom'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.
Hype
Prediction
LowEstimatedHigh
0.953.496.03
Details
Intrinsic
Valuation
LowRealHigh
0.493.035.57
Details
Naive
Forecast
LowNextHigh
0.993.536.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3.453.483.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as FreelanceCom. Your research has to be compared to or analyzed against FreelanceCom's peers to derive any actionable benefits. When done correctly, FreelanceCom's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in FreelanceCom.

FreelanceCom Backtested Returns

FreelanceCom secures Sharpe Ratio (or Efficiency) of -0.0523, which denotes the company had a -0.0523% return per unit of risk over the last 3 months. FreelanceCom exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FreelanceCom's Mean Deviation of 1.9, variance of 6.59, and Standard Deviation of 2.57 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FreelanceCom are expected to decrease at a much lower rate. During the bear market, FreelanceCom is likely to outperform the market. FreelanceCom has an expected return of -0.13%. Please make sure to confirm FreelanceCom value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if FreelanceCom performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.70  

Good predictability

FreelanceCom has good predictability. Overlapping area represents the amount of predictability between FreelanceCom time series from 2nd of February 2023 to 31st of August 2023 and 31st of August 2023 to 28th of March 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 FreelanceCom price movement. The serial correlation of 0.7 indicates that around 70.0% of current FreelanceCom price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test0.2
Residual Average0.0
Price Variance0.14

FreelanceCom lagged returns against current returns

Autocorrelation, which is FreelanceCom 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 FreelanceCom's stock expected returns. We can calculate the autocorrelation of FreelanceCom returns to help us make a trade decision. For example, suppose you find that FreelanceCom 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  

FreelanceCom 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 FreelanceCom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FreelanceCom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FreelanceCom stock over time.
   Current vs Lagged Prices   
       Timeline  

FreelanceCom Lagged Returns

When evaluating FreelanceCom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FreelanceCom stock have on its future price. FreelanceCom 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, FreelanceCom autocorrelation shows the relationship between FreelanceCom stock current value and its past values and can show if there is a momentum factor associated with investing in FreelanceCom.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards FreelanceCom in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, FreelanceCom's short interest history, or implied volatility extrapolated from FreelanceCom options trading.

Pair Trading with FreelanceCom

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 FreelanceCom 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 FreelanceCom will appreciate offsetting losses from the drop in the long position's value.

Moving together with FreelanceCom Stock

  0.7MLTRA Compagnie Des TramwaysPairCorr
  0.77ABCA ABC Arbitrage SAPairCorr
The ability to find closely correlated positions to FreelanceCom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FreelanceCom 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 FreelanceCom - 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 FreelanceCom to buy it.
The correlation of FreelanceCom 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 FreelanceCom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FreelanceCom 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 FreelanceCom 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.
Pair CorrelationCorrelation Matching
Check out FreelanceCom Correlation, FreelanceCom Volatility and FreelanceCom Alpha and Beta module to complement your research on FreelanceCom.
Note that the FreelanceCom information on this page should be used as a complementary analysis to other FreelanceCom's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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FreelanceCom 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.
A focus of FreelanceCom technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of FreelanceCom trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...