Sanofi (Mexico) Market Value
| SNYN Stock | MXN 816.34 17.66 2.12% |
| Symbol | Sanofi |
Sanofi '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 Sanofi'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 Sanofi.
| 02/20/2024 |
| 05/20/2024 |
If you would invest 0.00 in Sanofi on February 20, 2024 and sell it all today you would earn a total of 0.00 from holding Sanofi or generate 0.0% return on investment in Sanofi over 90 days. Sanofi is related to or competes with Eli Lilly, Merck, Roche Holding, Bristol Myers, Amgen, Gilead Sciences, and Biogen. It offers Cerezyme and Cerdelga for Gaucher, Myozyme and Lumizyme for Pompe, Fabrazyme for Fabry, and Aldurazyme for muc... More
Sanofi 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 Sanofi'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 Sanofi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.59 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 1.52 |
Sanofi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanofi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanofi's standard deviation. In reality, there are many statistical measures that can use Sanofi historical prices to predict the future Sanofi's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.137 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sanofi'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.
Sanofi Backtested Returns
We consider Sanofi very steady. Sanofi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0729, which indicates the firm had a 0.0729% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Sanofi, which you can use to evaluate the volatility of the company. Please validate Sanofi's Risk Adjusted Performance of (0), variance of 1.7, and Coefficient Of Variation of (5,861) to confirm if the risk estimate we provide is consistent with the expected return of 0.0851%. Sanofi has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sanofi are expected to decrease at a much lower rate. During the bear market, Sanofi is likely to outperform the market. Sanofi right now has a risk of 1.17%. Please validate Sanofi potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Sanofi will be following its existing price patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
Sanofi has weak reverse predictability. Overlapping area represents the amount of predictability between Sanofi time series from 20th of February 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 Sanofi price movement. The serial correlation of -0.23 indicates that over 23.0% of current Sanofi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 302.74 |
Sanofi lagged returns against current returns
Autocorrelation, which is Sanofi 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 Sanofi's stock expected returns. We can calculate the autocorrelation of Sanofi returns to help us make a trade decision. For example, suppose you find that Sanofi 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 |
Sanofi 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 Sanofi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanofi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanofi stock over time.
Current vs Lagged Prices |
| Timeline |
Sanofi Lagged Returns
When evaluating Sanofi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanofi stock have on its future price. Sanofi 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, Sanofi autocorrelation shows the relationship between Sanofi stock current value and its past values and can show if there is a momentum factor associated with investing in Sanofi.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Check out Sanofi Correlation, Sanofi Volatility and Sanofi Alpha and Beta module to complement your research on Sanofi. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Sanofi Stock analysis
When running Sanofi's price analysis, check to measure Sanofi'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 Sanofi is operating at the current time. Most of Sanofi's value examination focuses on studying past and present price action to predict the probability of Sanofi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sanofi's price. Additionally, you may evaluate how the addition of Sanofi to your portfolios can decrease your overall portfolio volatility.
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Sanofi 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.