Coltene Holding (Switzerland) Market Value
| CLTN Stock | CHF 49.90 0.10 0.20% |
| Symbol | Coltene |
Coltene Holding '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 Coltene Holding'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 Coltene Holding.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Coltene Holding on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Coltene Holding AG or generate 0.0% return on investment in Coltene Holding over 540 days. Coltene Holding is related to or competes with Jungfraubahn Holding, Amsterdam Commodities, Flow Traders, ForFarmers, and Emmi AG. COLTENE Holding AG develops, manufactures, and sells consumables and small equipment for dental practices in Europe, the... More
Coltene Holding 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 Coltene Holding'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 Coltene Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.11 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 3.1 |
Coltene Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coltene Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coltene Holding's standard deviation. In reality, there are many statistical measures that can use Coltene Holding historical prices to predict the future Coltene Holding's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.21) |
Coltene Holding AG Backtested Returns
At this stage we consider Coltene Stock to be very steady. Coltene Holding AG secures Sharpe Ratio (or Efficiency) of 0.0121, which signifies that the company had a 0.0121% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Coltene Holding AG, which you can use to evaluate the volatility of the firm. Please confirm Coltene Holding's Standard Deviation of 1.74, insignificant risk adjusted performance, and Mean Deviation of 1.15 to double-check if the risk estimate we provide is consistent with the expected return of 0.021%. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Coltene Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Coltene Holding is expected to be smaller as well. Coltene Holding AG right now shows a risk of 1.74%. Please confirm Coltene Holding AG jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Coltene Holding AG will be following its price patterns.
Auto-correlation | 0.09 |
Virtually no predictability
Coltene Holding AG has virtually no predictability. Overlapping area represents the amount of predictability between Coltene Holding time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Coltene Holding AG price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Coltene Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 8.12 |
Coltene Holding AG lagged returns against current returns
Autocorrelation, which is Coltene Holding 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 Coltene Holding's stock expected returns. We can calculate the autocorrelation of Coltene Holding returns to help us make a trade decision. For example, suppose you find that Coltene Holding 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 |
Coltene Holding 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 Coltene Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coltene Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coltene Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Coltene Holding Lagged Returns
When evaluating Coltene Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coltene Holding stock have on its future price. Coltene Holding 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, Coltene Holding autocorrelation shows the relationship between Coltene Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Coltene Holding AG.
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 Coltene Stock Analysis
When running Coltene Holding's price analysis, check to measure Coltene Holding'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 Coltene Holding is operating at the current time. Most of Coltene Holding's value examination focuses on studying past and present price action to predict the probability of Coltene Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coltene Holding's price. Additionally, you may evaluate how the addition of Coltene Holding to your portfolios can decrease your overall portfolio volatility.