Corticeira Amorim (Germany) Market Value
| AS4 Stock | EUR 8.52 0.10 1.19% |
| Symbol | Corticeira |
Corticeira Amorim '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 Corticeira Amorim'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 Corticeira Amorim.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Corticeira Amorim on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Corticeira Amorim SGPS or generate 0.0% return on investment in Corticeira Amorim over 30 days. Corticeira Amorim is related to or competes with Svenska Cellulosa, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, 2G ENERGY, and Identiv. Corticeira Amorim, S.G.P.S., S.A. manufactures and sells cork and cork related products worldwide More
Corticeira Amorim 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 Corticeira Amorim'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 Corticeira Amorim SGPS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.69 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.49 |
Corticeira Amorim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corticeira Amorim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corticeira Amorim's standard deviation. In reality, there are many statistical measures that can use Corticeira Amorim historical prices to predict the future Corticeira Amorim's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (1.12) |
Corticeira Amorim SGPS Backtested Returns
Corticeira Amorim SGPS secures Sharpe Ratio (or Efficiency) of -0.0771, which signifies that the company had a -0.0771% return per unit of risk over the last 3 months. Corticeira Amorim SGPS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Corticeira Amorim's Mean Deviation of 0.7326, standard deviation of 0.9737, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0563, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Corticeira Amorim's returns are expected to increase less than the market. However, during the bear market, the loss of holding Corticeira Amorim is expected to be smaller as well. At this point, Corticeira Amorim SGPS has a negative expected return of -0.0715%. Please make sure to confirm Corticeira Amorim's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Corticeira Amorim SGPS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Corticeira Amorim SGPS has good reverse predictability. Overlapping area represents the amount of predictability between Corticeira Amorim time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Corticeira Amorim SGPS price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Corticeira Amorim price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Corticeira Amorim SGPS lagged returns against current returns
Autocorrelation, which is Corticeira Amorim 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 Corticeira Amorim's stock expected returns. We can calculate the autocorrelation of Corticeira Amorim returns to help us make a trade decision. For example, suppose you find that Corticeira Amorim 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 |
Corticeira Amorim 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 Corticeira Amorim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corticeira Amorim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corticeira Amorim stock over time.
Current vs Lagged Prices |
| Timeline |
Corticeira Amorim Lagged Returns
When evaluating Corticeira Amorim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corticeira Amorim stock have on its future price. Corticeira Amorim 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, Corticeira Amorim autocorrelation shows the relationship between Corticeira Amorim stock current value and its past values and can show if there is a momentum factor associated with investing in Corticeira Amorim SGPS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Corticeira Stock
Corticeira Amorim financial ratios help investors to determine whether Corticeira 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 Corticeira with respect to the benefits of owning Corticeira Amorim security.