Kutxabank Bolsa (Spain) Market Value
| 0P00000XDG | 10.97 0.04 0.37% |
| Symbol | Kutxabank |
Kutxabank Bolsa '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 Kutxabank Bolsa's fund 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 Kutxabank Bolsa.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Kutxabank Bolsa on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Kutxabank Bolsa Global or generate 0.0% return on investment in Kutxabank Bolsa over 390 days.
Kutxabank Bolsa 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 Kutxabank Bolsa's fund 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 Kutxabank Bolsa Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4417 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 2.45 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.7456 |
Kutxabank Bolsa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kutxabank Bolsa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kutxabank Bolsa's standard deviation. In reality, there are many statistical measures that can use Kutxabank Bolsa historical prices to predict the future Kutxabank Bolsa's volatility.| Risk Adjusted Performance | 0.1516 | |||
| Jensen Alpha | 0.0812 | |||
| Total Risk Alpha | 0.0252 | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 1.09 |
Kutxabank Bolsa Global Backtested Returns
At this point, Kutxabank Bolsa is very steady. Kutxabank Bolsa Global has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kutxabank Bolsa, which you can use to evaluate the volatility of the fund. Please verify Kutxabank Bolsa's Risk Adjusted Performance of 0.1516, downside deviation of 0.4417, and Mean Deviation of 0.3599 to check out if the risk estimate we provide is consistent with the expected return of 0.0779%. The fund secures a Beta (Market Risk) of 0.0818, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kutxabank Bolsa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kutxabank Bolsa is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
Kutxabank Bolsa Global has average predictability. Overlapping area represents the amount of predictability between Kutxabank Bolsa time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Kutxabank Bolsa Global price movement. The serial correlation of 0.47 indicates that about 47.0% of current Kutxabank Bolsa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Kutxabank Bolsa Global lagged returns against current returns
Autocorrelation, which is Kutxabank Bolsa fund'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 Kutxabank Bolsa's fund expected returns. We can calculate the autocorrelation of Kutxabank Bolsa returns to help us make a trade decision. For example, suppose you find that Kutxabank Bolsa has exhibited high autocorrelation historically, and you observe that the fund 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 |
Kutxabank Bolsa 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 Kutxabank Bolsa fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kutxabank Bolsa fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kutxabank Bolsa fund over time.
Current vs Lagged Prices |
| Timeline |
Kutxabank Bolsa Lagged Returns
When evaluating Kutxabank Bolsa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kutxabank Bolsa fund have on its future price. Kutxabank Bolsa 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, Kutxabank Bolsa autocorrelation shows the relationship between Kutxabank Bolsa fund current value and its past values and can show if there is a momentum factor associated with investing in Kutxabank Bolsa Global.
Regressed Prices |
| Timeline |
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