Clinica Baviera (Spain) Market Value
| CBAV Stock | EUR 33.90 0.40 1.19% |
| Symbol | Clinica |
Clinica Baviera '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 Clinica Baviera'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 Clinica Baviera.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Clinica Baviera on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Clinica Baviera or generate 0.0% return on investment in Clinica Baviera over 30 days. Clinica Baviera is related to or competes with ENCE Energa, Viscofan, Vidrala SA, and Ebro Foods. Clnica Baviera, S.A. operates a network of ophthalmological clinics More
Clinica Baviera 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 Clinica Baviera'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 Clinica Baviera upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0361 | |||
| Maximum Drawdown | 15.1 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 3.34 |
Clinica Baviera Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clinica Baviera's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clinica Baviera's standard deviation. In reality, there are many statistical measures that can use Clinica Baviera historical prices to predict the future Clinica Baviera's volatility.| Risk Adjusted Performance | 0.0745 | |||
| Jensen Alpha | 0.2649 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0344 | |||
| Treynor Ratio | (0.43) |
Clinica Baviera Backtested Returns
Clinica Baviera appears to be very steady, given 3 months investment horizon. Clinica Baviera secures Sharpe Ratio (or Efficiency) of 0.0973, which signifies that the company had a 0.0973% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Clinica Baviera, which you can use to evaluate the volatility of the firm. Please makes use of Clinica Baviera's Risk Adjusted Performance of 0.0745, mean deviation of 1.63, and Downside Deviation of 2.57 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Clinica Baviera holds a performance score of 7. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Clinica Baviera are expected to decrease at a much lower rate. During the bear market, Clinica Baviera is likely to outperform the market. Please check Clinica Baviera's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Clinica Baviera's price patterns will revert.
Auto-correlation | 0.46 |
Average predictability
Clinica Baviera has average predictability. Overlapping area represents the amount of predictability between Clinica Baviera time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Clinica Baviera price movement. The serial correlation of 0.46 indicates that about 46.0% of current Clinica Baviera price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Clinica Baviera lagged returns against current returns
Autocorrelation, which is Clinica Baviera 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 Clinica Baviera's stock expected returns. We can calculate the autocorrelation of Clinica Baviera returns to help us make a trade decision. For example, suppose you find that Clinica Baviera 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 |
Clinica Baviera 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 Clinica Baviera stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clinica Baviera stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clinica Baviera stock over time.
Current vs Lagged Prices |
| Timeline |
Clinica Baviera Lagged Returns
When evaluating Clinica Baviera's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clinica Baviera stock have on its future price. Clinica Baviera 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, Clinica Baviera autocorrelation shows the relationship between Clinica Baviera stock current value and its past values and can show if there is a momentum factor associated with investing in Clinica Baviera.
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 Clinica Stock
Clinica Baviera financial ratios help investors to determine whether Clinica 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 Clinica with respect to the benefits of owning Clinica Baviera security.