Les Docks (France) Market Value
| DPAM Stock | EUR 515.00 10.00 1.90% |
| Symbol | Les |
Les Docks '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 Les Docks' 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 Les Docks.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Les Docks on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Les Docks des or generate 0.0% return on investment in Les Docks over 30 days. Les Docks is related to or competes with Etablissements Maurel, Eramet SA, Socit BIC, TotalEnergies, and Derichebourg. Les Docks des Ptroles dAmbs SA engages in the reception, storage, and shipping of petroleum products in France More
Les Docks 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 Les Docks' 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 Les Docks des upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.0452 | |||
| Maximum Drawdown | 10.32 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.92 |
Les Docks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Les Docks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Les Docks' standard deviation. In reality, there are many statistical measures that can use Les Docks historical prices to predict the future Les Docks' volatility.| Risk Adjusted Performance | 0.0579 | |||
| Jensen Alpha | 0.1155 | |||
| Total Risk Alpha | 0.0066 | |||
| Sortino Ratio | 0.0281 | |||
| Treynor Ratio | (6.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Les Docks' 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.
Les Docks des Backtested Returns
We consider Les Docks very steady. Les Docks des has Sharpe Ratio of 0.0692, which conveys that the firm had a 0.0692% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Les Docks, which you can use to evaluate the volatility of the firm. Please verify Les Docks' Mean Deviation of 0.9227, risk adjusted performance of 0.0579, and Downside Deviation of 2.48 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Les Docks has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0173, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Les Docks are expected to decrease at a much lower rate. During the bear market, Les Docks is likely to outperform the market. Les Docks des right now secures a risk of 1.54%. Please verify Les Docks des treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Les Docks des will be following its current price movements.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Les Docks des has insignificant reverse predictability. Overlapping area represents the amount of predictability between Les Docks time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 Les Docks des price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Les Docks price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 182.23 |
Les Docks des lagged returns against current returns
Autocorrelation, which is Les Docks 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 Les Docks' stock expected returns. We can calculate the autocorrelation of Les Docks returns to help us make a trade decision. For example, suppose you find that Les Docks 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 |
Les Docks 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 Les Docks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Les Docks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Les Docks stock over time.
Current vs Lagged Prices |
| Timeline |
Les Docks Lagged Returns
When evaluating Les Docks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Les Docks stock have on its future price. Les Docks 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, Les Docks autocorrelation shows the relationship between Les Docks stock current value and its past values and can show if there is a momentum factor associated with investing in Les Docks des.
Regressed Prices |
| Timeline |
Pair Trading with Les Docks
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 Les Docks 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 Les Docks will appreciate offsetting losses from the drop in the long position's value.Moving together with Les Stock
| 0.89 | ES | Esso SAF | PairCorr |
| 0.73 | CBDG | Compagnie du Cambodge | PairCorr |
The ability to find closely correlated positions to Les Docks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Les Docks 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 Les Docks - 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 Les Docks des to buy it.
The correlation of Les Docks 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 Les Docks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Les Docks des 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 Les Docks 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 Les Docks Correlation, Les Docks Volatility and Les Docks Alpha and Beta module to complement your research on Les Docks. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Les Stock analysis
When running Les Docks' price analysis, check to measure Les Docks' 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 Les Docks is operating at the current time. Most of Les Docks' value examination focuses on studying past and present price action to predict the probability of Les Docks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Les Docks' price. Additionally, you may evaluate how the addition of Les Docks to your portfolios can decrease your overall portfolio volatility.
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Les Docks 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.