Gascogne (France) Market Value
| ALBI Stock | EUR 2.91 0.01 0.34% |
| Symbol | Gascogne |
Gascogne '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 Gascogne'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 Gascogne.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Gascogne on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Gascogne SA or generate 0.0% return on investment in Gascogne over 30 days. Gascogne is related to or competes with Poujoulat, Delfingen, Jacquet Metal, and Clasquin. Gascogne SA produces and markets wood, paper, industrial and consumer sacks, and laminates in France and internationally More
Gascogne 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 Gascogne'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 Gascogne SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 17.43 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.05 |
Gascogne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gascogne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gascogne's standard deviation. In reality, there are many statistical measures that can use Gascogne historical prices to predict the future Gascogne's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (2.54) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gascogne'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.
Gascogne SA Backtested Returns
Gascogne SA holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Gascogne SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gascogne's Risk Adjusted Performance of (0.07), standard deviation of 2.19, and Market Risk Adjusted Performance of (2.53) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gascogne's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gascogne is expected to be smaller as well. Gascogne SA has an expected return of -0.27%. Please make sure to check out Gascogne treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Gascogne SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Gascogne SA has average predictability. Overlapping area represents the amount of predictability between Gascogne time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th 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 Gascogne SA price movement. The serial correlation of 0.48 indicates that about 48.0% of current Gascogne price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gascogne SA lagged returns against current returns
Autocorrelation, which is Gascogne 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 Gascogne's stock expected returns. We can calculate the autocorrelation of Gascogne returns to help us make a trade decision. For example, suppose you find that Gascogne 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 |
Gascogne 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 Gascogne stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gascogne stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gascogne stock over time.
Current vs Lagged Prices |
| Timeline |
Gascogne Lagged Returns
When evaluating Gascogne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gascogne stock have on its future price. Gascogne 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, Gascogne autocorrelation shows the relationship between Gascogne stock current value and its past values and can show if there is a momentum factor associated with investing in Gascogne SA.
Regressed Prices |
| Timeline |
Pair Trading with Gascogne
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 Gascogne 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 Gascogne will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Gascogne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gascogne 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 Gascogne - 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 Gascogne SA to buy it.
The correlation of Gascogne 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 Gascogne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gascogne SA 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 Gascogne 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 Gascogne Correlation, Gascogne Volatility and Gascogne Alpha and Beta module to complement your research on Gascogne. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Gascogne Stock analysis
When running Gascogne's price analysis, check to measure Gascogne'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 Gascogne is operating at the current time. Most of Gascogne's value examination focuses on studying past and present price action to predict the probability of Gascogne's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gascogne's price. Additionally, you may evaluate how the addition of Gascogne to your portfolios can decrease your overall portfolio volatility.
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Gascogne 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.