COVIVIO HOTELS (Germany) Market Value
| 9FM Stock | EUR 18.20 0.10 0.55% |
| Symbol | COVIVIO |
Please note, there is a significant difference between COVIVIO HOTELS's value and its price as these two are different measures arrived at by different means. Investors typically determine if COVIVIO HOTELS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, COVIVIO HOTELS's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
COVIVIO HOTELS '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 COVIVIO HOTELS'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 COVIVIO HOTELS.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in COVIVIO HOTELS on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding COVIVIO HOTELS INH or generate 0.0% return on investment in COVIVIO HOTELS over 510 days. COVIVIO HOTELS is related to or competes with Charter Communications, Consolidated Communications, Entravision Communications, Bank of America, Ribbon Communications, and Universal Entertainment. More
COVIVIO HOTELS 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 COVIVIO HOTELS'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 COVIVIO HOTELS INH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.22 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.71 |
COVIVIO HOTELS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COVIVIO HOTELS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COVIVIO HOTELS's standard deviation. In reality, there are many statistical measures that can use COVIVIO HOTELS historical prices to predict the future COVIVIO HOTELS's volatility.| Risk Adjusted Performance | 0.0374 | |||
| Jensen Alpha | 0.038 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.4782 |
COVIVIO HOTELS INH Backtested Returns
At this point, COVIVIO HOTELS is very steady. COVIVIO HOTELS INH secures Sharpe Ratio (or Efficiency) of 0.0501, which signifies that the company had a 0.0501% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for COVIVIO HOTELS INH, which you can use to evaluate the volatility of the firm. Please confirm COVIVIO HOTELS's mean deviation of 0.8494, and Risk Adjusted Performance of 0.0374 to double-check if the risk estimate we provide is consistent with the expected return of 0.0712%. COVIVIO HOTELS has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, COVIVIO HOTELS's returns are expected to increase less than the market. However, during the bear market, the loss of holding COVIVIO HOTELS is expected to be smaller as well. COVIVIO HOTELS INH currently shows a risk of 1.42%. Please confirm COVIVIO HOTELS INH sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if COVIVIO HOTELS INH will be following its price patterns.
Auto-correlation | -0.66 |
Very good reverse predictability
COVIVIO HOTELS INH has very good reverse predictability. Overlapping area represents the amount of predictability between COVIVIO HOTELS time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 COVIVIO HOTELS INH price movement. The serial correlation of -0.66 indicates that around 66.0% of current COVIVIO HOTELS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 3.31 |
COVIVIO HOTELS INH lagged returns against current returns
Autocorrelation, which is COVIVIO HOTELS 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 COVIVIO HOTELS's stock expected returns. We can calculate the autocorrelation of COVIVIO HOTELS returns to help us make a trade decision. For example, suppose you find that COVIVIO HOTELS 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 |
COVIVIO HOTELS 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 COVIVIO HOTELS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COVIVIO HOTELS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COVIVIO HOTELS stock over time.
Current vs Lagged Prices |
| Timeline |
COVIVIO HOTELS Lagged Returns
When evaluating COVIVIO HOTELS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COVIVIO HOTELS stock have on its future price. COVIVIO HOTELS 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, COVIVIO HOTELS autocorrelation shows the relationship between COVIVIO HOTELS stock current value and its past values and can show if there is a momentum factor associated with investing in COVIVIO HOTELS INH.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in COVIVIO Stock
COVIVIO HOTELS financial ratios help investors to determine whether COVIVIO 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 COVIVIO with respect to the benefits of owning COVIVIO HOTELS security.