CALTAGIRONE EDITORE (Germany) Market Value
| EDJ Stock | 1.32 0.03 2.33% |
| Symbol | CALTAGIRONE |
CALTAGIRONE EDITORE '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 CALTAGIRONE EDITORE'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 CALTAGIRONE EDITORE.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in CALTAGIRONE EDITORE on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding CALTAGIRONE EDITORE or generate 0.0% return on investment in CALTAGIRONE EDITORE over 30 days. CALTAGIRONE EDITORE is related to or competes with Columbia Sportswear, American Eagle, Yuexiu Transport, ALGOMA STEEL, and DICKS Sporting. More
CALTAGIRONE EDITORE 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 CALTAGIRONE EDITORE'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 CALTAGIRONE EDITORE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.0746 | |||
| Maximum Drawdown | 10.43 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.57 |
CALTAGIRONE EDITORE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CALTAGIRONE EDITORE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CALTAGIRONE EDITORE's standard deviation. In reality, there are many statistical measures that can use CALTAGIRONE EDITORE historical prices to predict the future CALTAGIRONE EDITORE's volatility.| Risk Adjusted Performance | 0.0757 | |||
| Jensen Alpha | 0.159 | |||
| Total Risk Alpha | 0.127 | |||
| Sortino Ratio | 0.0654 | |||
| Treynor Ratio | (0.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CALTAGIRONE EDITORE'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.
CALTAGIRONE EDITORE Backtested Returns
CALTAGIRONE EDITORE appears to be very risky, given 3 months investment horizon. CALTAGIRONE EDITORE secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for CALTAGIRONE EDITORE, which you can use to evaluate the volatility of the entity. Please makes use of CALTAGIRONE EDITORE's Mean Deviation of 1.42, coefficient of variation of 1160.18, and Downside Deviation of 2.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CALTAGIRONE EDITORE holds a performance score of 9. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CALTAGIRONE EDITORE are expected to decrease at a much lower rate. During the bear market, CALTAGIRONE EDITORE is likely to outperform the market. Please check CALTAGIRONE EDITORE's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether CALTAGIRONE EDITORE's price patterns will revert.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CALTAGIRONE EDITORE lagged returns against current returns
Autocorrelation, which is CALTAGIRONE EDITORE 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 CALTAGIRONE EDITORE's stock expected returns. We can calculate the autocorrelation of CALTAGIRONE EDITORE returns to help us make a trade decision. For example, suppose you find that CALTAGIRONE EDITORE 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 |
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CALTAGIRONE EDITORE 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 CALTAGIRONE EDITORE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CALTAGIRONE EDITORE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CALTAGIRONE EDITORE stock over time.
Current vs Lagged Prices |
| Timeline |
CALTAGIRONE EDITORE Lagged Returns
When evaluating CALTAGIRONE EDITORE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CALTAGIRONE EDITORE stock have on its future price. CALTAGIRONE EDITORE 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, CALTAGIRONE EDITORE autocorrelation shows the relationship between CALTAGIRONE EDITORE stock current value and its past values and can show if there is a momentum factor associated with investing in CALTAGIRONE EDITORE.
Regressed Prices |
| Timeline |
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Additional Tools for CALTAGIRONE Stock Analysis
When running CALTAGIRONE EDITORE's price analysis, check to measure CALTAGIRONE EDITORE'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 CALTAGIRONE EDITORE is operating at the current time. Most of CALTAGIRONE EDITORE's value examination focuses on studying past and present price action to predict the probability of CALTAGIRONE EDITORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CALTAGIRONE EDITORE's price. Additionally, you may evaluate how the addition of CALTAGIRONE EDITORE to your portfolios can decrease your overall portfolio volatility.