Prodways Group (Germany) Market Value
| 5PD Stock | 0.67 0.00 0.00% |
| Symbol | Prodways |
Prodways Group '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 Prodways Group'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 Prodways Group.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Prodways Group on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Prodways Group SA or generate 0.0% return on investment in Prodways Group over 30 days. Prodways Group is related to or competes with Gamma Communications, Algonquin Power, Charter Communications, Gruppo Mutuionline, MAVEN WIRELESS, UNITED UTILITIES, and Canadian Utilities. More
Prodways Group 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 Prodways Group'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 Prodways Group SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 12.3 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 2.82 |
Prodways Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prodways Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prodways Group's standard deviation. In reality, there are many statistical measures that can use Prodways Group historical prices to predict the future Prodways Group's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (2.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prodways Group'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.
Prodways Group SA Backtested Returns
Prodways Group SA maintains Sharpe Ratio (i.e., Efficiency) of -0.26, which implies the firm had a -0.26% return per unit of risk over the last 3 months. Prodways Group SA exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prodways Group's Variance of 5.08, coefficient of variation of (378.02), and Risk Adjusted Performance of (0.16) to confirm the risk estimate we provide. The company holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prodways Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prodways Group is expected to be smaller as well. Prodways Group SA has an expected return of -0.6%. Please make sure to check Prodways Group SA standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Prodways Group SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Prodways Group SA has good reverse predictability. Overlapping area represents the amount of predictability between Prodways Group time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 Prodways Group SA price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Prodways Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prodways Group SA lagged returns against current returns
Autocorrelation, which is Prodways Group 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 Prodways Group's stock expected returns. We can calculate the autocorrelation of Prodways Group returns to help us make a trade decision. For example, suppose you find that Prodways Group 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 |
Prodways Group 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 Prodways Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prodways Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prodways Group stock over time.
Current vs Lagged Prices |
| Timeline |
Prodways Group Lagged Returns
When evaluating Prodways Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prodways Group stock have on its future price. Prodways Group 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, Prodways Group autocorrelation shows the relationship between Prodways Group stock current value and its past values and can show if there is a momentum factor associated with investing in Prodways Group SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Prodways Group Correlation, Prodways Group Volatility and Prodways Group Alpha and Beta module to complement your research on Prodways Group. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Prodways Stock analysis
When running Prodways Group's price analysis, check to measure Prodways Group'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 Prodways Group is operating at the current time. Most of Prodways Group's value examination focuses on studying past and present price action to predict the probability of Prodways Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prodways Group's price. Additionally, you may evaluate how the addition of Prodways Group to your portfolios can decrease your overall portfolio volatility.
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Prodways Group 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.