Compania Hoteliera (Romania) Market Value
| RCHI Stock | 0.24 0.00 0.00% |
| Symbol | Compania |
Please note, there is a significant difference between Compania Hoteliera's value and its price as these two are different measures arrived at by different means. Investors typically determine if Compania Hoteliera is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compania Hoteliera's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Compania Hoteliera '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 Compania Hoteliera'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 Compania Hoteliera.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Compania Hoteliera on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Compania Hoteliera InterContinental or generate 0.0% return on investment in Compania Hoteliera over 30 days. More
Compania Hoteliera 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 Compania Hoteliera'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 Compania Hoteliera InterContinental upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 30.3 |
Compania Hoteliera Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compania Hoteliera's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compania Hoteliera's standard deviation. In reality, there are many statistical measures that can use Compania Hoteliera historical prices to predict the future Compania Hoteliera's volatility.| Risk Adjusted Performance | 0.046 | |||
| Jensen Alpha | 0.3047 | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.18) |
Compania Hoteliera Backtested Returns
Compania Hoteliera appears to be out of control, given 3 months investment horizon. Compania Hoteliera secures Sharpe Ratio (or Efficiency) of 0.0525, which signifies that the company had a 0.0525% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Compania Hoteliera InterContinental, which you can use to evaluate the volatility of the firm. Please makes use of Compania Hoteliera's Standard Deviation of 4.09, mean deviation of 1.28, and Risk Adjusted Performance of 0.046 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Compania Hoteliera holds a performance score of 4. The firm shows a Beta (market volatility) of -1.13, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Compania Hoteliera are expected to decrease slowly. On the other hand, during market turmoil, Compania Hoteliera is expected to outperform it slightly. Please check Compania Hoteliera's treynor ratio, skewness, rate of daily change, as well as the relationship between the maximum drawdown and kurtosis , to make a quick decision on whether Compania Hoteliera's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Compania Hoteliera InterContinental has no correlation between past and present. Overlapping area represents the amount of predictability between Compania Hoteliera time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Compania Hoteliera price movement. The serial correlation of 0.0 indicates that just 0.0% of current Compania Hoteliera price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Compania Hoteliera lagged returns against current returns
Autocorrelation, which is Compania Hoteliera 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 Compania Hoteliera's stock expected returns. We can calculate the autocorrelation of Compania Hoteliera returns to help us make a trade decision. For example, suppose you find that Compania Hoteliera 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 |
Compania Hoteliera 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 Compania Hoteliera stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compania Hoteliera stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compania Hoteliera stock over time.
Current vs Lagged Prices |
| Timeline |
Compania Hoteliera Lagged Returns
When evaluating Compania Hoteliera's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compania Hoteliera stock have on its future price. Compania Hoteliera 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, Compania Hoteliera autocorrelation shows the relationship between Compania Hoteliera stock current value and its past values and can show if there is a momentum factor associated with investing in Compania Hoteliera InterContinental.
Regressed Prices |
| Timeline |
Pair Trading with Compania Hoteliera
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Compania Hoteliera position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Compania Hoteliera will appreciate offsetting losses from the drop in the long position's value.Moving against Compania Stock
The ability to find closely correlated positions to Compania Hoteliera could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compania Hoteliera when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Compania Hoteliera - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Compania Hoteliera InterContinental to buy it.
The correlation of Compania Hoteliera is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Compania Hoteliera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compania Hoteliera moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Compania Hoteliera can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Compania Stock
Compania Hoteliera financial ratios help investors to determine whether Compania 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 Compania with respect to the benefits of owning Compania Hoteliera security.