CONICO (Germany) Market Value
| BDD Stock | 0 0.00 0.00% |
| Symbol | CONICO |
Please note, there is a significant difference between CONICO's value and its price as these two are different measures arrived at by different means. Investors typically determine if CONICO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CONICO's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
CONICO '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 CONICO'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 CONICO.
| 11/15/2024 |
| 12/15/2024 |
CONICO 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 CONICO'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 CONICO LTD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1344 | |||
| Maximum Drawdown | 780.0 |
CONICO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CONICO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CONICO's standard deviation. In reality, there are many statistical measures that can use CONICO historical prices to predict the future CONICO's volatility.| Risk Adjusted Performance | 0.1081 | |||
| Jensen Alpha | 12.11 | |||
| Total Risk Alpha | 1.1 | |||
| Treynor Ratio | 0.8497 |
CONICO LTD Backtested Returns
CONICO is out of control given 3 months investment horizon. CONICO LTD secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate seventeen different technical indicators, which can help you to evaluate if expected returns of 13.56% are justified by taking the suggested risk. Use CONICO risk adjusted performance of 0.1081, and Mean Deviation of 32.51 to evaluate company specific risk that cannot be diversified away. CONICO holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 15.95, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CONICO will likely underperform. Use CONICO information ratio, maximum drawdown, kurtosis, as well as the relationship between the jensen alpha and skewness , to analyze future returns on CONICO.
Auto-correlation | 0.00 |
No correlation between past and present
CONICO LTD has no correlation between past and present. Overlapping area represents the amount of predictability between CONICO time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 CONICO LTD price movement. The serial correlation of 0.0 indicates that just 0.0% of current CONICO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CONICO LTD lagged returns against current returns
Autocorrelation, which is CONICO 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 CONICO's stock expected returns. We can calculate the autocorrelation of CONICO returns to help us make a trade decision. For example, suppose you find that CONICO 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 |
CONICO 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 CONICO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CONICO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CONICO stock over time.
Current vs Lagged Prices |
| Timeline |
CONICO Lagged Returns
When evaluating CONICO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CONICO stock have on its future price. CONICO 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, CONICO autocorrelation shows the relationship between CONICO stock current value and its past values and can show if there is a momentum factor associated with investing in CONICO LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CONICO Stock
CONICO financial ratios help investors to determine whether CONICO 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 CONICO with respect to the benefits of owning CONICO security.