Cabk Destino (Spain) Market Value
| 0P000170QH | 15.67 0.08 0.51% |
| Symbol | Cabk |
Cabk Destino '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 Cabk Destino'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 Cabk Destino.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Cabk Destino on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cabk Destino 2030 or generate 0.0% return on investment in Cabk Destino over 30 days.
Cabk Destino 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 Cabk Destino'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 Cabk Destino 2030 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3355 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.82 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.6609 |
Cabk Destino Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cabk Destino's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cabk Destino's standard deviation. In reality, there are many statistical measures that can use Cabk Destino historical prices to predict the future Cabk Destino's volatility.| Risk Adjusted Performance | 0.1071 | |||
| Jensen Alpha | 0.0408 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 1.18 |
Cabk Destino 2030 Backtested Returns
At this point, Cabk Destino is out of control. Cabk Destino 2030 secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cabk Destino 2030, which you can use to evaluate the volatility of the entity. Please confirm Cabk Destino's mean deviation of 0.2792, and Risk Adjusted Performance of 0.1071 to double-check if the risk estimate we provide is consistent with the expected return of 0.0611%. The fund shows a Beta (market volatility) of 0.0389, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cabk Destino's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cabk Destino is expected to be smaller as well.
Auto-correlation | 0.90 |
Excellent predictability
Cabk Destino 2030 has excellent predictability. Overlapping area represents the amount of predictability between Cabk Destino time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Cabk Destino 2030 price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Cabk Destino price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Cabk Destino 2030 lagged returns against current returns
Autocorrelation, which is Cabk Destino 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 Cabk Destino's fund expected returns. We can calculate the autocorrelation of Cabk Destino returns to help us make a trade decision. For example, suppose you find that Cabk Destino 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 |
Cabk Destino 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 Cabk Destino fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cabk Destino fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cabk Destino fund over time.
Current vs Lagged Prices |
| Timeline |
Cabk Destino Lagged Returns
When evaluating Cabk Destino's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cabk Destino fund have on its future price. Cabk Destino 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, Cabk Destino autocorrelation shows the relationship between Cabk Destino fund current value and its past values and can show if there is a momentum factor associated with investing in Cabk Destino 2030.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |