Athens Water (Greece) Market Value
| EYDAP Stock | EUR 5.70 0.05 0.87% |
| Symbol | Athens |
Athens Water '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 Athens Water'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 Athens Water.
| 01/01/2024 |
| 04/30/2024 |
If you would invest 0.00 in Athens Water on January 1, 2024 and sell it all today you would earn a total of 0.00 from holding Athens Water Supply or generate 0.0% return on investment in Athens Water over 120 days. Athens Water is related to or competes with Hellenic Petroleum, Mytilineos, Hellenic Telecommunicatio, Public Power, and Greek Organization. Athens Water Supply and Sewerage Company S.A More
Athens Water 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 Athens Water'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 Athens Water Supply upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 1.97 |
Athens Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Athens Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Athens Water's standard deviation. In reality, there are many statistical measures that can use Athens Water historical prices to predict the future Athens Water's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (5.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Athens Water'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.
Athens Water Supply Backtested Returns
We consider Athens Water somewhat reliable. Athens Water Supply secures Sharpe Ratio (or Efficiency) of 0.008, which signifies that the company had a 0.008% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Athens Water Supply, which you can use to evaluate the volatility of the firm. Please confirm Athens Water's mean deviation of 1.14, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 0.0131%. The firm shows a Beta (market volatility) of 0.0112, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Athens Water's returns are expected to increase less than the market. However, during the bear market, the loss of holding Athens Water is expected to be smaller as well. Athens Water Supply right now shows a risk of 1.64%. Please confirm Athens Water Supply skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Athens Water Supply will be following its price patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Athens Water Supply has weak reverse predictability. Overlapping area represents the amount of predictability between Athens Water time series from 1st of January 2024 to 1st of March 2024 and 1st of March 2024 to 30th of April 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 Athens Water Supply price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Athens Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Athens Water Supply lagged returns against current returns
Autocorrelation, which is Athens Water 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 Athens Water's stock expected returns. We can calculate the autocorrelation of Athens Water returns to help us make a trade decision. For example, suppose you find that Athens Water 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 |
Athens Water 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 Athens Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Athens Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Athens Water stock over time.
Current vs Lagged Prices |
| Timeline |
Athens Water Lagged Returns
When evaluating Athens Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Athens Water stock have on its future price. Athens Water 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, Athens Water autocorrelation shows the relationship between Athens Water stock current value and its past values and can show if there is a momentum factor associated with investing in Athens Water Supply.
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 Athens Water 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, Athens Water's short interest history, or implied volatility extrapolated from Athens Water options trading.
Pair Trading with Athens Water
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 Athens Water 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 Athens Water will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Athens Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athens Water 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 Athens Water - 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 Athens Water Supply to buy it.
The correlation of Athens Water 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 Athens Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Athens Water Supply 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 Athens Water 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 Athens Water Correlation, Athens Water Volatility and Athens Water Alpha and Beta module to complement your research on Athens Water. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Athens Stock analysis
When running Athens Water's price analysis, check to measure Athens Water'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 Athens Water is operating at the current time. Most of Athens Water's value examination focuses on studying past and present price action to predict the probability of Athens Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Athens Water's price. Additionally, you may evaluate how the addition of Athens Water to your portfolios can decrease your overall portfolio volatility.
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Athens Water 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.