DONTNOD Entertainment (France) Market Value
ALDNE Stock | EUR 3.02 0.04 1.34% |
Symbol | DONTNOD |
DONTNOD Entertainment '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 DONTNOD Entertainment'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 DONTNOD Entertainment.
04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in DONTNOD Entertainment on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding DONTNOD Entertainment SA or generate 0.0% return on investment in DONTNOD Entertainment over 30 days. DONTNOD Entertainment is related to or competes with Atos SE, Dassault Systemes, Vivendi SA, Alstom SA, and Thales SA. Dont Nod Entertainment S.A. develops and sells video games worldwide More
DONTNOD Entertainment 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 DONTNOD Entertainment'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 DONTNOD Entertainment SA upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.18) | |||
Maximum Drawdown | 16.6 | |||
Value At Risk | (5.95) | |||
Potential Upside | 4.8 |
DONTNOD Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DONTNOD Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DONTNOD Entertainment's standard deviation. In reality, there are many statistical measures that can use DONTNOD Entertainment historical prices to predict the future DONTNOD Entertainment's volatility.Risk Adjusted Performance | (0.09) | |||
Jensen Alpha | (0.50) | |||
Total Risk Alpha | (0.91) | |||
Treynor Ratio | 1.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DONTNOD Entertainment'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.
DONTNOD Entertainment Backtested Returns
DONTNOD Entertainment 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. DONTNOD Entertainment SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DONTNOD Entertainment's Mean Deviation of 2.5, standard deviation of 3.39, and Coefficient Of Variation of (641.80) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DONTNOD Entertainment are expected to decrease at a much lower rate. During the bear market, DONTNOD Entertainment is likely to outperform the market. DONTNOD Entertainment has an expected return of -0.51%. Please make sure to confirm DONTNOD Entertainment treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if DONTNOD Entertainment performance from the past will be repeated at future time.
Auto-correlation | 0.03 |
Virtually no predictability
DONTNOD Entertainment SA has virtually no predictability. Overlapping area represents the amount of predictability between DONTNOD Entertainment 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 DONTNOD Entertainment price movement. The serial correlation of 0.03 indicates that only 3.0% of current DONTNOD Entertainment price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.03 | |
Spearman Rank Test | 0.52 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
DONTNOD Entertainment lagged returns against current returns
Autocorrelation, which is DONTNOD Entertainment 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 DONTNOD Entertainment's stock expected returns. We can calculate the autocorrelation of DONTNOD Entertainment returns to help us make a trade decision. For example, suppose you find that DONTNOD Entertainment 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 |
DONTNOD Entertainment 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 DONTNOD Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DONTNOD Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DONTNOD Entertainment stock over time.
Current vs Lagged Prices |
Timeline |
DONTNOD Entertainment Lagged Returns
When evaluating DONTNOD Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DONTNOD Entertainment stock have on its future price. DONTNOD Entertainment 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, DONTNOD Entertainment autocorrelation shows the relationship between DONTNOD Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in DONTNOD Entertainment SA.
Regressed Prices |
Timeline |
Pair Trading with DONTNOD Entertainment
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 DONTNOD Entertainment 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 DONTNOD Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving together with DONTNOD Stock
0.93 | NACON | NaconSa | PairCorr |
0.69 | ALBPK | Broadpeak SA | PairCorr |
Moving against DONTNOD Stock
0.86 | ALMDP | Medesis Pharma SA | PairCorr |
0.78 | RMS | Hermes International SCA | PairCorr |
0.67 | BUI | Barbara Bui SA | PairCorr |
The ability to find closely correlated positions to DONTNOD Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DONTNOD Entertainment 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 DONTNOD Entertainment - 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 DONTNOD Entertainment SA to buy it.
The correlation of DONTNOD Entertainment 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 DONTNOD Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DONTNOD Entertainment 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 DONTNOD Entertainment 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 DONTNOD Entertainment Correlation, DONTNOD Entertainment Volatility and DONTNOD Entertainment Alpha and Beta module to complement your research on DONTNOD Entertainment. Note that the DONTNOD Entertainment information on this page should be used as a complementary analysis to other DONTNOD Entertainment'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for DONTNOD Stock analysis
When running DONTNOD Entertainment's price analysis, check to measure DONTNOD Entertainment'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 DONTNOD Entertainment is operating at the current time. Most of DONTNOD Entertainment's value examination focuses on studying past and present price action to predict the probability of DONTNOD Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DONTNOD Entertainment's price. Additionally, you may evaluate how the addition of DONTNOD Entertainment to your portfolios can decrease your overall portfolio volatility.
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DONTNOD Entertainment 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.