Greek Organization (Greece) Market Value
| OPAP Stock | EUR 14.95 0.07 0.47% |
| Symbol | Greek |
Greek Organization '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 Greek Organization'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 Greek Organization.
| 04/24/2024 |
| 05/24/2024 |
If you would invest 0.00 in Greek Organization on April 24, 2024 and sell it all today you would earn a total of 0.00 from holding Greek Organization of or generate 0.0% return on investment in Greek Organization over 30 days. Greek Organization is related to or competes with Mytilineos, Hellenic Telecommunicatio, Motor Oil, Alpha Services, and Hellenic Petroleum. Greek Organization of Football Prognostics S.A., together with its subsidiaries, operates and manages numerical lottery ... More
Greek Organization 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 Greek Organization'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 Greek Organization of upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.11 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 2.11 |
Greek Organization Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greek Organization's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greek Organization's standard deviation. In reality, there are many statistical measures that can use Greek Organization historical prices to predict the future Greek Organization's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 21.94 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Greek Organization'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.
Greek Organization Backtested Returns
Greek Organization holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Greek Organization exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greek Organization's Standard Deviation of 1.23, risk adjusted performance of (0.07), and Market Risk Adjusted Performance of 21.95 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0073, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Greek Organization are expected to decrease at a much lower rate. During the bear market, Greek Organization is likely to outperform the market. Greek Organization has an expected return of -0.17%. Please make sure to check out Greek Organization standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Greek Organization performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Greek Organization of has below average predictability. Overlapping area represents the amount of predictability between Greek Organization time series from 24th of April 2024 to 9th of May 2024 and 9th of May 2024 to 24th 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 Greek Organization price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Greek Organization price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Greek Organization lagged returns against current returns
Autocorrelation, which is Greek Organization 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 Greek Organization's stock expected returns. We can calculate the autocorrelation of Greek Organization returns to help us make a trade decision. For example, suppose you find that Greek Organization 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 |
Greek Organization 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 Greek Organization stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greek Organization stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greek Organization stock over time.
Current vs Lagged Prices |
| Timeline |
Greek Organization Lagged Returns
When evaluating Greek Organization's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greek Organization stock have on its future price. Greek Organization 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, Greek Organization autocorrelation shows the relationship between Greek Organization stock current value and its past values and can show if there is a momentum factor associated with investing in Greek Organization of.
Regressed Prices |
| Timeline |
Pair Trading with Greek Organization
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 Greek Organization 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 Greek Organization will appreciate offsetting losses from the drop in the long position's value.Moving together with Greek Stock
| 0.7 | AAAK | Wool Industry Tria | PairCorr |
Moving against Greek Stock
| 0.56 | EPSIL | Epsilon Net SA Earnings Call This Week | PairCorr |
| 0.51 | TENERGY | Terna Energy Societe | PairCorr |
The ability to find closely correlated positions to Greek Organization could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greek Organization 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 Greek Organization - 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 Greek Organization of to buy it.
The correlation of Greek Organization 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 Greek Organization moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greek Organization 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 Greek Organization 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 Greek Organization Correlation, Greek Organization Volatility and Greek Organization Alpha and Beta module to complement your research on Greek Organization. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Greek Stock analysis
When running Greek Organization's price analysis, check to measure Greek Organization'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 Greek Organization is operating at the current time. Most of Greek Organization's value examination focuses on studying past and present price action to predict the probability of Greek Organization's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greek Organization's price. Additionally, you may evaluate how the addition of Greek Organization to your portfolios can decrease your overall portfolio volatility.
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Greek Organization 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.