Attica Holdings (Greece) Market Value
| ATTICA Stock | EUR 2.47 0.10 3.89% |
| Symbol | Attica |
Attica Holdings '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 Attica Holdings' 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 Attica Holdings.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Attica Holdings on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Attica Holdings SA or generate 0.0% return on investment in Attica Holdings over 30 days. Attica Holdings is related to or competes with Motor Oil, Coca Cola, Mytilineos, Hellenic Exchanges, and Hellenic Telecommunicatio. Attica Holdings S.A., through its subsidiaries, provides passenger shipping and travel agency services in Greece and int... More
Attica Holdings 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 Attica Holdings' 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 Attica Holdings SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.1501 | |||
| Maximum Drawdown | 11.52 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 4.42 |
Attica Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Attica Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Attica Holdings' standard deviation. In reality, there are many statistical measures that can use Attica Holdings historical prices to predict the future Attica Holdings' volatility.| Risk Adjusted Performance | 0.1199 | |||
| Jensen Alpha | 0.3522 | |||
| Total Risk Alpha | 0.2189 | |||
| Sortino Ratio | 0.1879 | |||
| Treynor Ratio | 0.8636 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Attica Holdings' 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.
Attica Holdings SA Backtested Returns
Attica Holdings appears to be relatively risky, given 3 months investment horizon. Attica Holdings SA secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Attica Holdings SA, which you can use to evaluate the volatility of the firm. Please makes use of Attica Holdings' Downside Deviation of 1.74, mean deviation of 1.49, and Risk Adjusted Performance of 0.1199 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Attica Holdings holds a performance score of 14. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Attica Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Attica Holdings is expected to be smaller as well. Please check Attica Holdings' expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Attica Holdings' price patterns will revert.
Auto-correlation | -0.6 |
Good reverse predictability
Attica Holdings SA has good reverse predictability. Overlapping area represents the amount of predictability between Attica Holdings time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd 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 Attica Holdings SA price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Attica Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Attica Holdings SA lagged returns against current returns
Autocorrelation, which is Attica Holdings 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 Attica Holdings' stock expected returns. We can calculate the autocorrelation of Attica Holdings returns to help us make a trade decision. For example, suppose you find that Attica Holdings 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 |
Attica Holdings 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 Attica Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Attica Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Attica Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Attica Holdings Lagged Returns
When evaluating Attica Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Attica Holdings stock have on its future price. Attica Holdings 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, Attica Holdings autocorrelation shows the relationship between Attica Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Attica Holdings SA.
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 Attica Holdings 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, Attica Holdings' short interest history, or implied volatility extrapolated from Attica Holdings options trading.
Pair Trading with Attica Holdings
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 Attica Holdings 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 Attica Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Attica Stock
| 0.77 | MOH | Motor Oil Corinth | PairCorr |
| 0.82 | ELPE | Hellenic Petroleum | PairCorr |
Moving against Attica Stock
| 0.58 | ELHA | Elvalhalcor Hellenic | PairCorr |
| 0.57 | PPC | Public Power | PairCorr |
| 0.48 | VIO | Viohalco SA | PairCorr |
| 0.42 | MYTIL | Mytilineos SA | PairCorr |
The ability to find closely correlated positions to Attica Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Attica Holdings 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 Attica Holdings - 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 Attica Holdings SA to buy it.
The correlation of Attica Holdings 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 Attica Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Attica Holdings SA 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 Attica Holdings 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 Attica Holdings Correlation, Attica Holdings Volatility and Attica Holdings Alpha and Beta module to complement your research on Attica Holdings. Note that the Attica Holdings SA information on this page should be used as a complementary analysis to other Attica Holdings' 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Attica Stock analysis
When running Attica Holdings' price analysis, check to measure Attica Holdings' 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 Attica Holdings is operating at the current time. Most of Attica Holdings' value examination focuses on studying past and present price action to predict the probability of Attica Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Attica Holdings' price. Additionally, you may evaluate how the addition of Attica Holdings to your portfolios can decrease your overall portfolio volatility.
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Attica Holdings 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.