Catenon SA (Spain) Market Value
| COM Stock | EUR 0.71 0.02 2.74% |
| Symbol | Catenon |
Catenon SA '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 Catenon SA'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 Catenon SA.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Catenon SA on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Catenon SA or generate 0.0% return on investment in Catenon SA over 570 days. Catenon SA is related to or competes with Hispanotels Inversiones, Parlem Telecom, and NH Hoteles. Ctenon, S.A., a technology based company, provides recruitment services in Europe, Asia, the United States, Oceania, and... More
Catenon SA 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 Catenon SA'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 Catenon SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.25 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 4.17 |
Catenon SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Catenon SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Catenon SA's standard deviation. In reality, there are many statistical measures that can use Catenon SA historical prices to predict the future Catenon SA's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 1.14 |
Catenon SA Backtested Returns
Catenon SA secures Sharpe Ratio (or Efficiency) of -0.0624, which signifies that the company had a -0.0624% return per unit of risk over the last 3 months. Catenon SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Catenon SA's Mean Deviation of 1.79, standard deviation of 2.52, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Catenon SA are expected to decrease at a much lower rate. During the bear market, Catenon SA is likely to outperform the market. At this point, Catenon SA has a negative expected return of -0.16%. Please make sure to confirm Catenon SA's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Catenon SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Catenon SA has weak reverse predictability. Overlapping area represents the amount of predictability between Catenon SA time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th 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 Catenon SA price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Catenon SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Catenon SA lagged returns against current returns
Autocorrelation, which is Catenon SA 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 Catenon SA's stock expected returns. We can calculate the autocorrelation of Catenon SA returns to help us make a trade decision. For example, suppose you find that Catenon SA 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 |
Catenon SA 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 Catenon SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Catenon SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Catenon SA stock over time.
Current vs Lagged Prices |
| Timeline |
Catenon SA Lagged Returns
When evaluating Catenon SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Catenon SA stock have on its future price. Catenon SA 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, Catenon SA autocorrelation shows the relationship between Catenon SA stock current value and its past values and can show if there is a momentum factor associated with investing in Catenon SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Catenon Stock
Catenon SA financial ratios help investors to determine whether Catenon 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 Catenon with respect to the benefits of owning Catenon SA security.