Covivio SA (Germany) Market Value
| F5D Stock | 49.42 0.04 0.08% |
| Symbol | Covivio |
Covivio 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 Covivio 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 Covivio SA.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Covivio SA on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Covivio SA or generate 0.0% return on investment in Covivio SA over 60 days.
Covivio 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 Covivio 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 Covivio SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.04 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.76 |
Covivio SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covivio SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Covivio SA's standard deviation. In reality, there are many statistical measures that can use Covivio SA historical prices to predict the future Covivio SA's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 3.22 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Covivio SA'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.
Covivio SA Backtested Returns
Covivio SA secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Covivio SA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Covivio SA's Mean Deviation of 1.04, risk adjusted performance of (0.11), and Standard Deviation of 1.32 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0601, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Covivio SA are expected to decrease at a much lower rate. During the bear market, Covivio SA is likely to outperform the market. At this point, Covivio SA has a negative expected return of -0.17%. Please make sure to confirm Covivio SA's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Covivio SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Covivio SA has average predictability. Overlapping area represents the amount of predictability between Covivio SA time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Covivio SA price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Covivio SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Covivio SA lagged returns against current returns
Autocorrelation, which is Covivio 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 Covivio SA's stock expected returns. We can calculate the autocorrelation of Covivio SA returns to help us make a trade decision. For example, suppose you find that Covivio 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 |
Covivio 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 Covivio SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Covivio SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Covivio SA stock over time.
Current vs Lagged Prices |
| Timeline |
Covivio SA Lagged Returns
When evaluating Covivio SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Covivio SA stock have on its future price. Covivio 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, Covivio SA autocorrelation shows the relationship between Covivio SA stock current value and its past values and can show if there is a momentum factor associated with investing in Covivio SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Covivio Stock Analysis
When running Covivio SA's price analysis, check to measure Covivio SA'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 Covivio SA is operating at the current time. Most of Covivio SA's value examination focuses on studying past and present price action to predict the probability of Covivio SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covivio SA's price. Additionally, you may evaluate how the addition of Covivio SA to your portfolios can decrease your overall portfolio volatility.