Covivio Hotels (France) Market Value
| COVH Stock | EUR 20.80 0.20 0.95% |
| Symbol | Covivio |
Covivio Hotels '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 Covivio Hotels' 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 Covivio Hotels.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Covivio Hotels on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Covivio Hotels or generate 0.0% return on investment in Covivio Hotels over 90 days. Covivio Hotels is related to or competes with Covivio SA, Altarea SCA, Carmila SA, Icade SA, and Gecina SA. Covivio Hotels specialises in holding lease properties in the hotel industry More
Covivio Hotels 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 Covivio Hotels' 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 Covivio Hotels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.179 | |||
| Maximum Drawdown | 12.1 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 2.5 |
Covivio Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covivio Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Covivio Hotels' standard deviation. In reality, there are many statistical measures that can use Covivio Hotels historical prices to predict the future Covivio Hotels' volatility.| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 0.1542 | |||
| Total Risk Alpha | 0.4743 | |||
| Sortino Ratio | 0.2763 | |||
| Treynor Ratio | (0.57) |
Covivio Hotels Backtested Returns
Covivio Hotels appears to be very steady, given 3 months investment horizon. Covivio Hotels secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Covivio Hotels, which you can use to evaluate the volatility of the firm. Please makes use of Covivio Hotels' Downside Deviation of 1.17, risk adjusted performance of 0.1008, and Mean Deviation of 1.05 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Covivio Hotels holds a performance score of 8. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Covivio Hotels are expected to decrease at a much lower rate. During the bear market, Covivio Hotels is likely to outperform the market. Please check Covivio Hotels' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Covivio Hotels' price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Covivio Hotels has good reverse predictability. Overlapping area represents the amount of predictability between Covivio Hotels time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 Covivio Hotels price movement. The serial correlation of -0.51 indicates that about 51.0% of current Covivio Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Covivio Hotels lagged returns against current returns
Autocorrelation, which is Covivio Hotels 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 Covivio Hotels' stock expected returns. We can calculate the autocorrelation of Covivio Hotels returns to help us make a trade decision. For example, suppose you find that Covivio Hotels 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 |
Covivio Hotels 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 Covivio Hotels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Covivio Hotels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Covivio Hotels stock over time.
Current vs Lagged Prices |
| Timeline |
Covivio Hotels Lagged Returns
When evaluating Covivio Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Covivio Hotels stock have on its future price. Covivio Hotels 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, Covivio Hotels autocorrelation shows the relationship between Covivio Hotels stock current value and its past values and can show if there is a momentum factor associated with investing in Covivio Hotels.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Covivio Stock
Covivio Hotels financial ratios help investors to determine whether Covivio 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 Covivio with respect to the benefits of owning Covivio Hotels security.