Construcciones (Spain) Market Value
| CAF Stock | EUR 32.60 0.60 1.88% |
| Symbol | Construcciones |
Construcciones '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 Construcciones' 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 Construcciones.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Construcciones on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Construcciones y Auxiliar or generate 0.0% return on investment in Construcciones over 30 days. Construcciones is related to or competes with CIE Automotive, Talgo SA, Viscofan, Tecnicas Reunidas, and ENCE Energa. Construcciones y Auxiliar de Ferrocarriles, S.A More
Construcciones 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 Construcciones' 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 Construcciones y Auxiliar upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.56 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 1.83 |
Construcciones Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Construcciones' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Construcciones' standard deviation. In reality, there are many statistical measures that can use Construcciones historical prices to predict the future Construcciones' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.62) |
Construcciones y Auxiliar Backtested Returns
Construcciones y Auxiliar secures Sharpe Ratio (or Efficiency) of -0.0556, which signifies that the company had a -0.0556% return per unit of risk over the last 3 months. Construcciones y Auxiliar exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Construcciones' Standard Deviation of 1.33, mean deviation of 0.9552, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Construcciones' returns are expected to increase less than the market. However, during the bear market, the loss of holding Construcciones is expected to be smaller as well. At this point, Construcciones y Auxiliar has a negative expected return of -0.0749%. Please make sure to confirm Construcciones' total risk alpha, skewness, rate of daily change, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Construcciones y Auxiliar performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Construcciones y Auxiliar has modest reverse predictability. Overlapping area represents the amount of predictability between Construcciones time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Construcciones y Auxiliar price movement. The serial correlation of -0.46 indicates that about 46.0% of current Construcciones price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Construcciones y Auxiliar lagged returns against current returns
Autocorrelation, which is Construcciones 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 Construcciones' stock expected returns. We can calculate the autocorrelation of Construcciones returns to help us make a trade decision. For example, suppose you find that Construcciones 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 |
Construcciones 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 Construcciones stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Construcciones stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Construcciones stock over time.
Current vs Lagged Prices |
| Timeline |
Construcciones Lagged Returns
When evaluating Construcciones' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Construcciones stock have on its future price. Construcciones 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, Construcciones autocorrelation shows the relationship between Construcciones stock current value and its past values and can show if there is a momentum factor associated with investing in Construcciones y Auxiliar.
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.Other Information on Investing in Construcciones Stock
Construcciones financial ratios help investors to determine whether Construcciones 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 Construcciones with respect to the benefits of owning Construcciones security.