CTS Eventim (Germany) Market Value
| EVD Stock | 103.30 1.50 1.47% |
| Symbol | CTS |
CTS Eventim '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 CTS Eventim'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 CTS Eventim.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in CTS Eventim on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding CTS Eventim AG or generate 0.0% return on investment in CTS Eventim over 90 days. CTS Eventim is related to or competes with Nomad Foods, Suntory Beverage, Ebro Foods, Southwest Airlines, and American Airlines. More
CTS Eventim 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 CTS Eventim'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 CTS Eventim AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.2422 | |||
| Maximum Drawdown | 8.33 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 3.29 |
CTS Eventim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTS Eventim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CTS Eventim's standard deviation. In reality, there are many statistical measures that can use CTS Eventim historical prices to predict the future CTS Eventim's volatility.| Risk Adjusted Performance | 0.1587 | |||
| Jensen Alpha | 0.2754 | |||
| Total Risk Alpha | 0.4526 | |||
| Sortino Ratio | 0.2471 | |||
| Treynor Ratio | 2.0 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CTS Eventim'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.
CTS Eventim AG Backtested Returns
CTS Eventim appears to be very steady, given 3 months investment horizon. CTS Eventim AG secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for CTS Eventim AG, which you can use to evaluate the volatility of the firm. Please makes use of CTS Eventim's risk adjusted performance of 0.1587, and Mean Deviation of 1.06 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CTS Eventim holds a performance score of 21. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CTS Eventim's returns are expected to increase less than the market. However, during the bear market, the loss of holding CTS Eventim is expected to be smaller as well. Please check CTS Eventim's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether CTS Eventim's price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
CTS Eventim AG has very good predictability. Overlapping area represents the amount of predictability between CTS Eventim time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 CTS Eventim AG price movement. The serial correlation of 0.84 indicates that around 84.0% of current CTS Eventim price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 16.28 |
CTS Eventim AG lagged returns against current returns
Autocorrelation, which is CTS Eventim 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 CTS Eventim's stock expected returns. We can calculate the autocorrelation of CTS Eventim returns to help us make a trade decision. For example, suppose you find that CTS Eventim 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 |
CTS Eventim 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 CTS Eventim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CTS Eventim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CTS Eventim stock over time.
Current vs Lagged Prices |
| Timeline |
CTS Eventim Lagged Returns
When evaluating CTS Eventim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CTS Eventim stock have on its future price. CTS Eventim 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, CTS Eventim autocorrelation shows the relationship between CTS Eventim stock current value and its past values and can show if there is a momentum factor associated with investing in CTS Eventim AG.
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.Additional Tools for CTS Stock Analysis
When running CTS Eventim's price analysis, check to measure CTS Eventim'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 CTS Eventim is operating at the current time. Most of CTS Eventim's value examination focuses on studying past and present price action to predict the probability of CTS Eventim's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTS Eventim's price. Additionally, you may evaluate how the addition of CTS Eventim to your portfolios can decrease your overall portfolio volatility.