Pernod Ricard Sa Stock Market Value
| PRNDY Stock | USD 27.80 0.94 3.27% |
| Symbol | Pernod |
Pernod Ricard '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 Pernod Ricard's pink sheet 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 Pernod Ricard.
| 07/11/2024 |
| 10/09/2024 |
If you would invest 0.00 in Pernod Ricard on July 11, 2024 and sell it all today you would earn a total of 0.00 from holding Pernod Ricard SA or generate 0.0% return on investment in Pernod Ricard over 90 days. Pernod Ricard is related to or competes with Naked Wines, Naked Wines, Crimson Wine, Brown Forman, Davide Campari-Milano, Brown Forman, and Treasury Wine. Pernod Ricard SA produces and sells wines and spirits worldwide More
Pernod Ricard 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 Pernod Ricard's pink sheet 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 Pernod Ricard SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.51 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.6 |
Pernod Ricard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pernod Ricard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pernod Ricard's standard deviation. In reality, there are many statistical measures that can use Pernod Ricard historical prices to predict the future Pernod Ricard's volatility.| Risk Adjusted Performance | 0.0125 | |||
| Jensen Alpha | 0.0124 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pernod Ricard'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.
Pernod Ricard SA Backtested Returns
At this stage we consider Pernod Pink Sheet to be very steady. Pernod Ricard SA maintains Sharpe Ratio (i.e., Efficiency) of 0.0087, which implies the firm had a 0.0087% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pernod Ricard SA, which you can use to evaluate the volatility of the company. Please check Pernod Ricard's Coefficient Of Variation of 11547.55, semi deviation of 1.56, and Risk Adjusted Performance of 0.0125 to confirm if the risk estimate we provide is consistent with the expected return of 0.0154%. The company holds a Beta of -0.0736, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pernod Ricard are expected to decrease at a much lower rate. During the bear market, Pernod Ricard is likely to outperform the market. Pernod Ricard SA right now holds a risk of 1.77%. Please check Pernod Ricard SA downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Pernod Ricard SA will be following its historical price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Pernod Ricard SA has weak reverse predictability. Overlapping area represents the amount of predictability between Pernod Ricard time series from 11th of July 2024 to 25th of August 2024 and 25th of August 2024 to 9th of October 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 Pernod Ricard SA price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Pernod Ricard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Pernod Ricard SA lagged returns against current returns
Autocorrelation, which is Pernod Ricard pink sheet'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 Pernod Ricard's pink sheet expected returns. We can calculate the autocorrelation of Pernod Ricard returns to help us make a trade decision. For example, suppose you find that Pernod Ricard has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Pernod Ricard 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 Pernod Ricard pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pernod Ricard pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pernod Ricard pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pernod Ricard Lagged Returns
When evaluating Pernod Ricard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pernod Ricard pink sheet have on its future price. Pernod Ricard 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, Pernod Ricard autocorrelation shows the relationship between Pernod Ricard pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pernod Ricard SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Pernod Pink Sheet Analysis
When running Pernod Ricard's price analysis, check to measure Pernod Ricard'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 Pernod Ricard is operating at the current time. Most of Pernod Ricard's value examination focuses on studying past and present price action to predict the probability of Pernod Ricard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pernod Ricard's price. Additionally, you may evaluate how the addition of Pernod Ricard to your portfolios can decrease your overall portfolio volatility.