Contango Holdings (UK) Market Value
| CGO Stock | 1.30 0.00 0.00% |
| Symbol | Contango |
Contango Holdings '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 Contango Holdings' 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 Contango Holdings.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Contango Holdings on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Contango Holdings PLC or generate 0.0% return on investment in Contango Holdings over 720 days. Contango Holdings is related to or competes with Premier Foods, Extra Space, Zoom Video, Datalogic, Automatic Data, Universal Music, and Associated British. Contango Holdings is entity of United Kingdom More
Contango Holdings 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 Contango Holdings' 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 Contango Holdings PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.04 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.55 |
Contango Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Contango Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Contango Holdings' standard deviation. In reality, there are many statistical measures that can use Contango Holdings historical prices to predict the future Contango Holdings' volatility.| Risk Adjusted Performance | 0.0344 | |||
| Jensen Alpha | 0.1057 | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.35) |
Contango Holdings PLC Backtested Returns
At this point, Contango Holdings is dangerous. Contango Holdings PLC secures Sharpe Ratio (or Efficiency) of 0.0627, which signifies that the company had a 0.0627% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Contango Holdings PLC, which you can use to evaluate the volatility of the firm. Please confirm Contango Holdings' Mean Deviation of 0.9416, risk adjusted performance of 0.0344, and Standard Deviation of 2.47 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Contango Holdings has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Contango Holdings are expected to decrease at a much lower rate. During the bear market, Contango Holdings is likely to outperform the market. Contango Holdings PLC right now shows a risk of 2.46%. Please confirm Contango Holdings PLC jensen alpha, skewness, day typical price, as well as the relationship between the value at risk and rate of daily change , to decide if Contango Holdings PLC will be following its price patterns.
Auto-correlation | 0.61 |
Good predictability
Contango Holdings PLC has good predictability. Overlapping area represents the amount of predictability between Contango Holdings time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Contango Holdings PLC price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Contango Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Contango Holdings PLC lagged returns against current returns
Autocorrelation, which is Contango Holdings 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 Contango Holdings' stock expected returns. We can calculate the autocorrelation of Contango Holdings returns to help us make a trade decision. For example, suppose you find that Contango Holdings 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 |
Contango Holdings 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 Contango Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Contango Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Contango Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Contango Holdings Lagged Returns
When evaluating Contango Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Contango Holdings stock have on its future price. Contango Holdings 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, Contango Holdings autocorrelation shows the relationship between Contango Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Contango Holdings PLC.
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.Other Information on Investing in Contango Stock
Contango Holdings financial ratios help investors to determine whether Contango 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 Contango with respect to the benefits of owning Contango Holdings security.