Caixabank Seleccin (Germany) Market Value
| 0P0000XRHI | 16.82 0.09 0.53% |
| Symbol | Caixabank |
Caixabank Seleccin '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 Caixabank Seleccin's fund 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 Caixabank Seleccin.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Caixabank Seleccin on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Caixabank Seleccin Tendencias or generate 0.0% return on investment in Caixabank Seleccin over 180 days.
Caixabank Seleccin 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 Caixabank Seleccin's fund 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 Caixabank Seleccin Tendencias upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5808 | |||
| Information Ratio | 0.1352 | |||
| Maximum Drawdown | 3.52 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 1.15 |
Caixabank Seleccin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caixabank Seleccin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caixabank Seleccin's standard deviation. In reality, there are many statistical measures that can use Caixabank Seleccin historical prices to predict the future Caixabank Seleccin's volatility.| Risk Adjusted Performance | 0.1435 | |||
| Jensen Alpha | 0.1087 | |||
| Total Risk Alpha | 0.0935 | |||
| Sortino Ratio | 0.1549 | |||
| Treynor Ratio | 0.719 |
Caixabank Seleccin Backtested Returns
At this stage we consider Caixabank Fund to be very steady. Caixabank Seleccin secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Caixabank Seleccin Tendencias, which you can use to evaluate the volatility of the entity. Please confirm Caixabank Seleccin's Mean Deviation of 0.4776, downside deviation of 0.5808, and Risk Adjusted Performance of 0.1435 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Caixabank Seleccin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Caixabank Seleccin is expected to be smaller as well.
Auto-correlation | -0.35 |
Poor reverse predictability
Caixabank Seleccin Tendencias has poor reverse predictability. Overlapping area represents the amount of predictability between Caixabank Seleccin time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st of December 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 Caixabank Seleccin price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Caixabank Seleccin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Caixabank Seleccin lagged returns against current returns
Autocorrelation, which is Caixabank Seleccin fund'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 Caixabank Seleccin's fund expected returns. We can calculate the autocorrelation of Caixabank Seleccin returns to help us make a trade decision. For example, suppose you find that Caixabank Seleccin has exhibited high autocorrelation historically, and you observe that the fund 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 |
Caixabank Seleccin 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 Caixabank Seleccin fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caixabank Seleccin fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caixabank Seleccin fund over time.
Current vs Lagged Prices |
| Timeline |
Caixabank Seleccin Lagged Returns
When evaluating Caixabank Seleccin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caixabank Seleccin fund have on its future price. Caixabank Seleccin 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, Caixabank Seleccin autocorrelation shows the relationship between Caixabank Seleccin fund current value and its past values and can show if there is a momentum factor associated with investing in Caixabank Seleccin Tendencias.
Regressed Prices |
| Timeline |
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