CIG PANNONIA (Germany) Market Value
| 0CKA Stock | EUR 0.96 0.01 1.05% |
| Symbol | CIG |
CIG PANNONIA '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 CIG PANNONIA'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 CIG PANNONIA.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in CIG PANNONIA on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding CIG PANNONIA LIFE or generate 0.0% return on investment in CIG PANNONIA over 30 days. CIG PANNONIA is related to or competes with Diamyd Medical, Meli Hotels, Park Hotels, Apollo Medical, MHP Hotel, ONWARD MEDICAL, and NH HOTEL. CIG Pannnia letbiztost Nyrt., together with its subsidiaries, provides life and non-life insurance products in Hungary, ... More
CIG PANNONIA 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 CIG PANNONIA'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 CIG PANNONIA LIFE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.1717 | |||
| Maximum Drawdown | 12.66 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 3.9 |
CIG PANNONIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIG PANNONIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIG PANNONIA's standard deviation. In reality, there are many statistical measures that can use CIG PANNONIA historical prices to predict the future CIG PANNONIA's volatility.| Risk Adjusted Performance | 0.165 | |||
| Jensen Alpha | 0.3875 | |||
| Total Risk Alpha | 0.3227 | |||
| Sortino Ratio | 0.1697 | |||
| Treynor Ratio | (5.61) |
CIG PANNONIA LIFE Backtested Returns
CIG PANNONIA appears to be dangerous, given 3 months investment horizon. CIG PANNONIA LIFE secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19 % return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for CIG PANNONIA LIFE, which you can use to evaluate the volatility of the firm. Please makes use of CIG PANNONIA's Semi Deviation of 1.26, mean deviation of 1.48, and Risk Adjusted Performance of 0.165 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CIG PANNONIA holds a performance score of 14. The firm shows a Beta (market volatility) of -0.0688, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CIG PANNONIA are expected to decrease at a much lower rate. During the bear market, CIG PANNONIA is likely to outperform the market. Please check CIG PANNONIA's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether CIG PANNONIA's price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
CIG PANNONIA LIFE has very good reverse predictability. Overlapping area represents the amount of predictability between CIG PANNONIA time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 CIG PANNONIA LIFE price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current CIG PANNONIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CIG PANNONIA LIFE lagged returns against current returns
Autocorrelation, which is CIG PANNONIA 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 CIG PANNONIA's stock expected returns. We can calculate the autocorrelation of CIG PANNONIA returns to help us make a trade decision. For example, suppose you find that CIG PANNONIA 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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CIG PANNONIA 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 CIG PANNONIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIG PANNONIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIG PANNONIA stock over time.
Current vs Lagged Prices |
| Timeline |
CIG PANNONIA Lagged Returns
When evaluating CIG PANNONIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIG PANNONIA stock have on its future price. CIG PANNONIA 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, CIG PANNONIA autocorrelation shows the relationship between CIG PANNONIA stock current value and its past values and can show if there is a momentum factor associated with investing in CIG PANNONIA LIFE.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CIG Stock
CIG PANNONIA financial ratios help investors to determine whether CIG 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 CIG with respect to the benefits of owning CIG PANNONIA security.