CVS Group (Germany) Market Value
| 4C9 Stock | EUR 10.80 0.40 3.85% |
| Symbol | CVS |
CVS Group '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 CVS Group'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 CVS Group.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in CVS Group on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding CVS Group plc or generate 0.0% return on investment in CVS Group over 480 days. CVS Group is related to or competes with MGIC INVESTMENT, Flutter Entertainment, GigaMedia, and PARKEN Sport. CVS Group plc engages in veterinary, online pharmacy, and retail businesses More
CVS Group 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 CVS Group'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 CVS Group plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.75 | |||
| Value At Risk | (4.33) | |||
| Potential Upside | 5.34 |
CVS Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CVS Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CVS Group's standard deviation. In reality, there are many statistical measures that can use CVS Group historical prices to predict the future CVS Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 0.2859 |
CVS Group plc Backtested Returns
CVS Group plc secures Sharpe Ratio (or Efficiency) of -0.0954, which signifies that the company had a -0.0954% return per unit of volatility over the last 3 months. CVS Group plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CVS Group's mean deviation of 2.17, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.88, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning CVS Group are expected to decrease slowly. On the other hand, during market turmoil, CVS Group is expected to outperform it slightly. At this point, CVS Group plc has a negative expected return of -0.27%. Please make sure to confirm CVS Group's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if CVS Group plc performance from the past will be repeated at future time.
Auto-correlation | 0.44 |
Average predictability
CVS Group plc has average predictability. Overlapping area represents the amount of predictability between CVS Group time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 CVS Group plc price movement. The serial correlation of 0.44 indicates that just about 44.0% of current CVS Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
CVS Group plc lagged returns against current returns
Autocorrelation, which is CVS Group 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 CVS Group's stock expected returns. We can calculate the autocorrelation of CVS Group returns to help us make a trade decision. For example, suppose you find that CVS Group 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 |
CVS Group 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 CVS Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CVS Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CVS Group stock over time.
Current vs Lagged Prices |
| Timeline |
CVS Group Lagged Returns
When evaluating CVS Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CVS Group stock have on its future price. CVS Group 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, CVS Group autocorrelation shows the relationship between CVS Group stock current value and its past values and can show if there is a momentum factor associated with investing in CVS Group plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CVS Stock
CVS Group financial ratios help investors to determine whether CVS 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 CVS with respect to the benefits of owning CVS Group security.