Caixabank Sa Adr Stock Market Value
| CAIXY Stock | USD 1.73 0.03 1.70% |
| Symbol | Caixabank |
Caixabank '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 Caixabank's pink sheet 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 Caixabank.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Caixabank on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Caixabank SA ADR or generate 0.0% return on investment in Caixabank over 90 days. Caixabank is related to or competes with Permanent TSB, Bank of Botetourt, Cashmere Valley, Oak Valley, Peoples Fin, Chemung Financial, and First Business. CaixaBank, S.A., together with its subsidiaries, provides various banking products and financial services in Spain and i... More
Caixabank 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 Caixabank's pink sheet 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 Caixabank SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.72 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 2.65 |
Caixabank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caixabank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caixabank's standard deviation. In reality, there are many statistical measures that can use Caixabank historical prices to predict the future Caixabank's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 0.3609 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Caixabank's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Caixabank SA ADR Backtested Returns
Caixabank SA ADR secures Sharpe Ratio (or Efficiency) of -0.0884, which signifies that the company had a -0.0884% return per unit of risk over the last 3 months. Caixabank SA ADR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Caixabank's Standard Deviation of 2.01, mean deviation of 1.53, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Caixabank are expected to decrease at a much lower rate. During the bear market, Caixabank is likely to outperform the market. At this point, Caixabank SA ADR has a negative expected return of -0.18%. Please make sure to confirm Caixabank's coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if Caixabank SA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Caixabank SA ADR has below average predictability. Overlapping area represents the amount of predictability between Caixabank time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Caixabank SA ADR price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Caixabank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Caixabank SA ADR lagged returns against current returns
Autocorrelation, which is Caixabank pink sheet'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 Caixabank's pink sheet expected returns. We can calculate the autocorrelation of Caixabank returns to help us make a trade decision. For example, suppose you find that Caixabank has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Caixabank 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 Caixabank pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caixabank pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caixabank pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Caixabank Lagged Returns
When evaluating Caixabank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caixabank pink sheet have on its future price. Caixabank 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, Caixabank autocorrelation shows the relationship between Caixabank pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Caixabank SA ADR.
Regressed Prices |
| Timeline |
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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.Additional Tools for Caixabank Pink Sheet Analysis
When running Caixabank's price analysis, check to measure Caixabank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Caixabank is operating at the current time. Most of Caixabank's value examination focuses on studying past and present price action to predict the probability of Caixabank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caixabank's price. Additionally, you may evaluate how the addition of Caixabank to your portfolios can decrease your overall portfolio volatility.