CAIXABANK UNADR (Germany) Market Value
| FV9J Stock | EUR 2.26 0.02 0.88% |
| Symbol | CAIXABANK |
CAIXABANK UNADR '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 CAIXABANK UNADR'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 CAIXABANK UNADR.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in CAIXABANK UNADR on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding CAIXABANK UNADR 13 or generate 0.0% return on investment in CAIXABANK UNADR over 90 days. CAIXABANK UNADR is related to or competes with AEGEAN AIRLINES, ZURICH INSURANCE, UNIQA INSURANCE, QBE Insurance, International Consolidated, China Eastern, and HANOVER INSURANCE. CaixaBank, S.A., together with its subsidiaries, provides banking and financial products and services in Spain and inter... More
CAIXABANK UNADR 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 CAIXABANK UNADR'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 CAIXABANK UNADR 13 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.3621 | |||
| Maximum Drawdown | 7.45 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.23 |
CAIXABANK UNADR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CAIXABANK UNADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CAIXABANK UNADR's standard deviation. In reality, there are many statistical measures that can use CAIXABANK UNADR historical prices to predict the future CAIXABANK UNADR's volatility.| Risk Adjusted Performance | 0.2714 | |||
| Jensen Alpha | 0.5326 | |||
| Total Risk Alpha | 0.7509 | |||
| Sortino Ratio | 0.3902 | |||
| Treynor Ratio | 21.03 |
CAIXABANK UNADR 13 Backtested Returns
CAIXABANK UNADR appears to be relatively risky, given 3 months investment horizon. CAIXABANK UNADR 13 secures Sharpe Ratio (or Efficiency) of 0.34, which signifies that the company had a 0.34 % return per unit of return volatility over the last 3 months. By evaluating CAIXABANK UNADR's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of CAIXABANK UNADR's Mean Deviation of 1.33, downside deviation of 1.64, and Coefficient Of Variation of 326.86 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CAIXABANK UNADR holds a performance score of 26. The firm shows a Beta (market volatility) of 0.0252, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CAIXABANK UNADR's returns are expected to increase less than the market. However, during the bear market, the loss of holding CAIXABANK UNADR is expected to be smaller as well. Please check CAIXABANK UNADR's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether CAIXABANK UNADR's price patterns will revert.
Auto-correlation | 0.89 |
Very good predictability
CAIXABANK UNADR 13 has very good predictability. Overlapping area represents the amount of predictability between CAIXABANK UNADR time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 CAIXABANK UNADR 13 price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current CAIXABANK UNADR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CAIXABANK UNADR 13 lagged returns against current returns
Autocorrelation, which is CAIXABANK UNADR 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 CAIXABANK UNADR's stock expected returns. We can calculate the autocorrelation of CAIXABANK UNADR returns to help us make a trade decision. For example, suppose you find that CAIXABANK UNADR 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 |
CAIXABANK UNADR 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 CAIXABANK UNADR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CAIXABANK UNADR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CAIXABANK UNADR stock over time.
Current vs Lagged Prices |
| Timeline |
CAIXABANK UNADR Lagged Returns
When evaluating CAIXABANK UNADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CAIXABANK UNADR stock have on its future price. CAIXABANK UNADR 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, CAIXABANK UNADR autocorrelation shows the relationship between CAIXABANK UNADR stock current value and its past values and can show if there is a momentum factor associated with investing in CAIXABANK UNADR 13.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CAIXABANK Stock
CAIXABANK UNADR financial ratios help investors to determine whether CAIXABANK 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 CAIXABANK with respect to the benefits of owning CAIXABANK UNADR security.