Compagnie Plastic (Germany) Market Value
| EZM Stock | EUR 9.72 0.05 0.52% |
| Symbol | Compagnie |
Compagnie Plastic '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 Compagnie Plastic'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 Compagnie Plastic.
| 06/27/2024 |
| 12/24/2024 |
If you would invest 0.00 in Compagnie Plastic on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding Compagnie Plastic Omnium or generate 0.0% return on investment in Compagnie Plastic over 180 days. Compagnie Plastic is related to or competes with Dno ASA, DENSO P, Aptiv PLC, PT Astra, Magna International, LKQ, and Continental Aktiengesellscha. Compagnie Plastic Omnium SA manufactures intelligent exterior systems, clean energy systems, and automotive modules worl... More
Compagnie Plastic 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 Compagnie Plastic'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 Compagnie Plastic Omnium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0773 | |||
| Maximum Drawdown | 14.48 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 4.67 |
Compagnie Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compagnie Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compagnie Plastic's standard deviation. In reality, there are many statistical measures that can use Compagnie Plastic historical prices to predict the future Compagnie Plastic's volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | 0.2517 | |||
| Total Risk Alpha | 0.1623 | |||
| Sortino Ratio | 0.0828 | |||
| Treynor Ratio | (1.20) |
Compagnie Plastic Omnium Backtested Returns
Compagnie Plastic appears to be somewhat reliable, given 3 months investment horizon. Compagnie Plastic Omnium secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Compagnie Plastic Omnium, which you can use to evaluate the volatility of the firm. Please makes use of Compagnie Plastic's Mean Deviation of 2.23, downside deviation of 2.7, and Risk Adjusted Performance of 0.0776 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Compagnie Plastic holds a performance score of 9. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Compagnie Plastic are expected to decrease at a much lower rate. During the bear market, Compagnie Plastic is likely to outperform the market. Please check Compagnie Plastic's jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether Compagnie Plastic's price patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Compagnie Plastic Omnium has weak reverse predictability. Overlapping area represents the amount of predictability between Compagnie Plastic time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th of December 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 Compagnie Plastic Omnium price movement. The serial correlation of -0.24 indicates that over 24.0% of current Compagnie Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Compagnie Plastic Omnium lagged returns against current returns
Autocorrelation, which is Compagnie Plastic 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 Compagnie Plastic's stock expected returns. We can calculate the autocorrelation of Compagnie Plastic returns to help us make a trade decision. For example, suppose you find that Compagnie Plastic 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 |
Compagnie Plastic 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 Compagnie Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compagnie Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compagnie Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
Compagnie Plastic Lagged Returns
When evaluating Compagnie Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compagnie Plastic stock have on its future price. Compagnie Plastic 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, Compagnie Plastic autocorrelation shows the relationship between Compagnie Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in Compagnie Plastic Omnium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Compagnie Stock
Compagnie Plastic financial ratios help investors to determine whether Compagnie Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Compagnie with respect to the benefits of owning Compagnie Plastic security.