CITY OFFICE (Germany) Market Value
| 5QV Stock | EUR 4.48 0.02 0.45% |
| Symbol | CITY |
CITY OFFICE '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 CITY OFFICE'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 CITY OFFICE.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in CITY OFFICE on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding CITY OFFICE REIT or generate 0.0% return on investment in CITY OFFICE over 30 days. CITY OFFICE is related to or competes with AIR PRODCHEMICALS, NISSAN CHEMICAL, Siamgas, Soken Chemical, CHEMICAL INDUSTRIES, and Lion One. invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern... More
CITY OFFICE 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 CITY OFFICE'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 CITY OFFICE REIT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.37 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 4.77 |
CITY OFFICE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CITY OFFICE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CITY OFFICE's standard deviation. In reality, there are many statistical measures that can use CITY OFFICE historical prices to predict the future CITY OFFICE's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.14) |
CITY OFFICE REIT Backtested Returns
CITY OFFICE REIT secures Sharpe Ratio (or Efficiency) of -0.0544, which signifies that the company had a -0.0544% return per unit of volatility over the last 3 months. CITY OFFICE REIT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CITY OFFICE's risk adjusted performance of (0.01), and Mean Deviation of 1.94 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CITY OFFICE's returns are expected to increase less than the market. However, during the bear market, the loss of holding CITY OFFICE is expected to be smaller as well. At this point, CITY OFFICE REIT has a negative expected return of -0.13%. Please make sure to confirm CITY OFFICE's total risk alpha, skewness, day median price, as well as the relationship between the maximum drawdown and daily balance of power , to decide if CITY OFFICE REIT performance from the past will be repeated in the future.
Auto-correlation | 0.78 |
Good predictability
CITY OFFICE REIT has good predictability. Overlapping area represents the amount of predictability between CITY OFFICE time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 CITY OFFICE REIT price movement. The serial correlation of 0.78 indicates that around 78.0% of current CITY OFFICE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CITY OFFICE REIT lagged returns against current returns
Autocorrelation, which is CITY OFFICE 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 CITY OFFICE's stock expected returns. We can calculate the autocorrelation of CITY OFFICE returns to help us make a trade decision. For example, suppose you find that CITY OFFICE 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 |
CITY OFFICE 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 CITY OFFICE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CITY OFFICE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CITY OFFICE stock over time.
Current vs Lagged Prices |
| Timeline |
CITY OFFICE Lagged Returns
When evaluating CITY OFFICE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CITY OFFICE stock have on its future price. CITY OFFICE 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, CITY OFFICE autocorrelation shows the relationship between CITY OFFICE stock current value and its past values and can show if there is a momentum factor associated with investing in CITY OFFICE REIT.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CITY Stock
CITY OFFICE financial ratios help investors to determine whether CITY 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 CITY with respect to the benefits of owning CITY OFFICE security.