CaixaBank (Germany) Market Value
| 48CA Stock | EUR 5.04 0.11 2.14% |
| Symbol | CaixaBank |
CaixaBank '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'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 CaixaBank.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in CaixaBank on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding CaixaBank SA or generate 0.0% return on investment in CaixaBank over 390 days. CaixaBank is related to or competes with BNP Paribas, BNP PARIBAS, Intesa Sanpaolo, Lloyds Banking, Lloyds Banking, UniCredit SpA, and Crdit Agricole. CaixaBank, S.A., together with its subsidiaries, provides banking and financial products and services in Spain and inter... More
CaixaBank 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'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 CaixaBank SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.28 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 3.06 |
CaixaBank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CaixaBank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CaixaBank's standard deviation. In reality, there are many statistical measures that can use CaixaBank historical prices to predict the future CaixaBank's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.1107 |
CaixaBank SA Backtested Returns
CaixaBank SA secures Sharpe Ratio (or Efficiency) of -0.0395, which signifies that the company had a -0.0395% return per unit of risk over the last 3 months. CaixaBank SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CaixaBank's Mean Deviation of 1.45, risk adjusted performance of (0.02), and Standard Deviation of 1.87 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CaixaBank are expected to decrease at a much lower rate. During the bear market, CaixaBank is likely to outperform the market. At this point, CaixaBank SA has a negative expected return of -0.0734%. Please make sure to confirm CaixaBank's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if CaixaBank SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
CaixaBank SA has modest predictability. Overlapping area represents the amount of predictability between CaixaBank time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 SA price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current CaixaBank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
CaixaBank SA lagged returns against current returns
Autocorrelation, which is CaixaBank 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 CaixaBank's stock expected returns. We can calculate the autocorrelation of CaixaBank returns to help us make a trade decision. For example, suppose you find that CaixaBank 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 |
CaixaBank 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CaixaBank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CaixaBank stock over time.
Current vs Lagged Prices |
| Timeline |
CaixaBank Lagged Returns
When evaluating CaixaBank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CaixaBank stock have on its future price. CaixaBank 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 autocorrelation shows the relationship between CaixaBank stock current value and its past values and can show if there is a momentum factor associated with investing in CaixaBank SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CaixaBank Stock
CaixaBank financial ratios help investors to determine whether CaixaBank Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CaixaBank with respect to the benefits of owning CaixaBank security.