Euronext Nv Stock Market Value
| EUXTF Stock | USD 94.20 1.03 1.11% |
| Symbol | Euronext |
Euronext '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 Euronext's pink sheet 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 Euronext.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Euronext on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Euronext NV or generate 0.0% return on investment in Euronext over 30 days. Euronext is related to or competes with Hong Kong, MSCI, Otc Markets, and Dun Bradstreet. Euronext N.V., together with its subsidiaries, operates securities and derivatives exchanges in Continental Europe, Irel... More
Euronext 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 Euronext's pink sheet 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 Euronext NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0021 | |||
| Maximum Drawdown | 7.18 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 1.87 |
Euronext Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Euronext's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euronext's standard deviation. In reality, there are many statistical measures that can use Euronext historical prices to predict the future Euronext's volatility.| Risk Adjusted Performance | 0.0441 | |||
| Jensen Alpha | 0.0775 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Euronext'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.
Euronext NV Backtested Returns
We consider Euronext very steady. Euronext NV secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Euronext NV, which you can use to evaluate the volatility of the firm. Please confirm Euronext's Coefficient Of Variation of 1554.71, mean deviation of 0.4486, and Downside Deviation of 2.51 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Euronext has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Euronext are expected to decrease at a much lower rate. During the bear market, Euronext is likely to outperform the market. Euronext NV right now shows a risk of 1.02%. Please confirm Euronext NV maximum drawdown, as well as the relationship between the expected short fall and day median price , to decide if Euronext NV will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Euronext NV has no correlation between past and present. Overlapping area represents the amount of predictability between Euronext time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Euronext NV price movement. The serial correlation of 0.0 indicates that just 0.0% of current Euronext price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Euronext NV lagged returns against current returns
Autocorrelation, which is Euronext pink sheet'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 Euronext's pink sheet expected returns. We can calculate the autocorrelation of Euronext returns to help us make a trade decision. For example, suppose you find that Euronext has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Euronext 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 Euronext pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euronext pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euronext pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Euronext Lagged Returns
When evaluating Euronext's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euronext pink sheet have on its future price. Euronext 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, Euronext autocorrelation shows the relationship between Euronext pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Euronext NV.
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 Euronext 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, Euronext's short interest history, or implied volatility extrapolated from Euronext options trading.
Pair Trading with Euronext
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 Euronext 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 Euronext will appreciate offsetting losses from the drop in the long position's value.Moving against Euronext Pink Sheet
| 0.67 | MSCI | MSCI Inc Earnings Call This Week | PairCorr |
| 0.64 | SPGI | SP Global Earnings Call This Week | PairCorr |
| 0.56 | MCD | McDonalds Report 23rd of April 2024 | PairCorr |
| 0.41 | HKXCY | Hong Kong Exchange | PairCorr |
The ability to find closely correlated positions to Euronext could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euronext 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 Euronext - 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 Euronext NV to buy it.
The correlation of Euronext 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 Euronext moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Euronext NV 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 Euronext 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 Euronext Correlation, Euronext Volatility and Euronext Alpha and Beta module to complement your research on Euronext. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Euronext Pink Sheet analysis
When running Euronext's price analysis, check to measure Euronext'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 Euronext is operating at the current time. Most of Euronext's value examination focuses on studying past and present price action to predict the probability of Euronext's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Euronext's price. Additionally, you may evaluate how the addition of Euronext to your portfolios can decrease your overall portfolio volatility.
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Euronext technical pink sheet 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, pink sheet market cycles, or different charting patterns.