Contact Financial's market value is the price at which a share of Contact Financial trades on a public exchange. It measures the collective expectations of Contact Financial Holding investors about its performance. Contact Financial is trading at 4.57 as of the 18th of January 2025. This is a 3.86 percent increase since the beginning of the trading day. The stock's lowest day price was 4.36. With this module, you can estimate the performance of a buy and hold strategy of Contact Financial Holding and determine expected loss or profit from investing in Contact Financial over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Contact
Contact Financial '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 Contact Financial'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 Contact Financial.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Contact Financial on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Contact Financial Holding or generate 0.0% return on investment in Contact Financial over 30 days.
Contact Financial 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 Contact Financial'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 Contact Financial Holding upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Contact Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Contact Financial's standard deviation. In reality, there are many statistical measures that can use Contact Financial historical prices to predict the future Contact Financial's volatility.
At this point, Contact Financial is moderately volatile. Contact Financial Holding secures Sharpe Ratio (or Efficiency) of 0.0274, which signifies that the company had a 0.0274% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Contact Financial Holding, which you can use to evaluate the volatility of the firm. Please confirm Contact Financial's Mean Deviation of 2.01, downside deviation of 2.66, and Risk Adjusted Performance of 0.0101 to double-check if the risk estimate we provide is consistent with the expected return of 0.072%. Contact Financial has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Contact Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Contact Financial is expected to be smaller as well. Contact Financial Holding right now shows a risk of 2.63%. Please confirm Contact Financial Holding standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Contact Financial Holding will be following its price patterns.
Auto-correlation
0.26
Poor predictability
Contact Financial Holding has poor predictability. Overlapping area represents the amount of predictability between Contact Financial time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Contact Financial Holding price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Contact Financial price fluctuation can be explain by its past prices.
Correlation Coefficient
0.26
Spearman Rank Test
0.31
Residual Average
0.0
Price Variance
0.01
Contact Financial Holding lagged returns against current returns
Autocorrelation, which is Contact Financial 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 Contact Financial's stock expected returns. We can calculate the autocorrelation of Contact Financial returns to help us make a trade decision. For example, suppose you find that Contact Financial 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
Contact Financial 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 Contact Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Contact Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Contact Financial stock over time.
Current vs Lagged Prices
Timeline
Contact Financial Lagged Returns
When evaluating Contact Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Contact Financial stock have on its future price. Contact Financial 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, Contact Financial autocorrelation shows the relationship between Contact Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Contact Financial Holding.
Regressed Prices
Timeline
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