Campine (Belgium) Market Value
| CAMB Stock | EUR 89.50 0.50 0.56% |
| Symbol | Campine |
Campine '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 Campine'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 Campine.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Campine on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Campine or generate 0.0% return on investment in Campine over 30 days. Campine is related to or competes with Miko NV, Tessenderlo, Van De, EVS Broadcast, and Sipef NV. The company manufactures lead alloys as well as recovers, treats, and refines lead to produce refined lead ingots More
Campine 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 Campine'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 Campine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.6 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.18 |
Campine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Campine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Campine's standard deviation. In reality, there are many statistical measures that can use Campine historical prices to predict the future Campine's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0595 |
Campine Backtested Returns
Currently, Campine is very steady. Campine secures Sharpe Ratio (or Efficiency) of 0.0133, which signifies that the company had a 0.0133% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Campine, which you can use to evaluate the volatility of the firm. Please confirm Campine's Mean Deviation of 1.17, downside deviation of 2.01, and Risk Adjusted Performance of 0.0234 to double-check if the risk estimate we provide is consistent with the expected return of 0.0221%. Campine has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Campine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Campine is expected to be smaller as well. Campine right now shows a risk of 1.66%. Please confirm Campine jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Campine will be following its price patterns.
Auto-correlation | 0.76 |
Good predictability
Campine has good predictability. Overlapping area represents the amount of predictability between Campine time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Campine price movement. The serial correlation of 0.76 indicates that around 76.0% of current Campine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 5.64 |
Campine lagged returns against current returns
Autocorrelation, which is Campine 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 Campine's stock expected returns. We can calculate the autocorrelation of Campine returns to help us make a trade decision. For example, suppose you find that Campine 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 |
Campine 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 Campine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Campine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Campine stock over time.
Current vs Lagged Prices |
| Timeline |
Campine Lagged Returns
When evaluating Campine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Campine stock have on its future price. Campine 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, Campine autocorrelation shows the relationship between Campine stock current value and its past values and can show if there is a momentum factor associated with investing in Campine.
Regressed Prices |
| Timeline |
Pair Trading with Campine
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 Campine 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 Campine will appreciate offsetting losses from the drop in the long position's value.Moving against Campine Stock
The ability to find closely correlated positions to Campine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Campine 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 Campine - 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 Campine to buy it.
The correlation of Campine 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 Campine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Campine 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 Campine 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.Additional Tools for Campine Stock Analysis
When running Campine's price analysis, check to measure Campine'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 Campine is operating at the current time. Most of Campine's value examination focuses on studying past and present price action to predict the probability of Campine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Campine's price. Additionally, you may evaluate how the addition of Campine to your portfolios can decrease your overall portfolio volatility.