Covestro Ag Stock Market Value
| CVVTF Stock | USD 60.99 0.00 0.00% |
| Symbol | Covestro |
Covestro '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 Covestro's pink sheet 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 Covestro.
| 01/21/2023 |
| 01/10/2025 |
If you would invest 0.00 in Covestro on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding Covestro AG or generate 0.0% return on investment in Covestro over 720 days. Covestro is related to or competes with Akzo Nobel, Avoca LLC, AGC, Arkema SA, and AirBoss Of. Covestro AG supplies high-tech polymer materials and related application solutions More
Covestro 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 Covestro's pink sheet 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 Covestro AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.18 |
Covestro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covestro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Covestro's standard deviation. In reality, there are many statistical measures that can use Covestro historical prices to predict the future Covestro's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (1.93) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Covestro's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Covestro AG Backtested Returns
Covestro AG secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Covestro AG exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Covestro's Mean Deviation of 0.1247, standard deviation of 0.5144, and Risk Adjusted Performance of (0.10) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0379, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Covestro's returns are expected to increase less than the market. However, during the bear market, the loss of holding Covestro is expected to be smaller as well. At this point, Covestro AG has a negative expected return of -0.0663%. Please make sure to confirm Covestro's risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to decide if Covestro AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Covestro AG has good predictability. Overlapping area represents the amount of predictability between Covestro time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th 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 Covestro AG price movement. The serial correlation of 0.7 indicates that around 70.0% of current Covestro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 28.72 |
Covestro AG lagged returns against current returns
Autocorrelation, which is Covestro pink sheet'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 Covestro's pink sheet expected returns. We can calculate the autocorrelation of Covestro returns to help us make a trade decision. For example, suppose you find that Covestro has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Covestro 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 Covestro pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Covestro pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Covestro pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Covestro Lagged Returns
When evaluating Covestro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Covestro pink sheet have on its future price. Covestro 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, Covestro autocorrelation shows the relationship between Covestro pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Covestro AG.
Regressed Prices |
| Timeline |
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Other Information on Investing in Covestro Pink Sheet
Covestro financial ratios help investors to determine whether Covestro Pink Sheet 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 Covestro with respect to the benefits of owning Covestro security.