Cnova NV (France) Market Value
| CNV Stock | EUR 0.80 0.19 19.19% |
| Symbol | Cnova |
Cnova NV '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 Cnova NV'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 Cnova NV.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Cnova NV on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Cnova NV or generate 0.0% return on investment in Cnova NV over 720 days. Cnova NV is related to or competes with Casino Guichard, Carmila SA, Burelle SA, and Mercialys. Cnova N.V. operates as an e-commerce company in France and internationally More
Cnova NV 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 Cnova NV'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 Cnova NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 23.7 | |||
| Information Ratio | 0.0232 | |||
| Maximum Drawdown | 128.28 | |||
| Value At Risk | (35.96) | |||
| Potential Upside | 30.0 |
Cnova NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cnova NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cnova NV's standard deviation. In reality, there are many statistical measures that can use Cnova NV historical prices to predict the future Cnova NV's volatility.| Risk Adjusted Performance | 0.032 | |||
| Jensen Alpha | 0.6535 | |||
| Total Risk Alpha | (2.80) | |||
| Sortino Ratio | 0.0213 | |||
| Treynor Ratio | (2.58) |
Cnova NV Backtested Returns
Cnova NV appears to be out of control, given 3 months investment horizon. Cnova NV secures Sharpe Ratio (or Efficiency) of 0.0278, which signifies that the company had a 0.0278% return per unit of risk over the last 3 months. By analyzing Cnova NV's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Cnova NV's Risk Adjusted Performance of 0.032, downside deviation of 23.7, and Mean Deviation of 10.6 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cnova NV holds a performance score of 2. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cnova NV are expected to decrease at a much lower rate. During the bear market, Cnova NV is likely to outperform the market. Please check Cnova NV's downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Cnova NV's price patterns will revert.
Auto-correlation | 0.24 |
Weak predictability
Cnova NV has weak predictability. Overlapping area represents the amount of predictability between Cnova NV 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 Cnova NV price movement. The serial correlation of 0.24 indicates that over 24.0% of current Cnova NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Cnova NV lagged returns against current returns
Autocorrelation, which is Cnova NV 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 Cnova NV's stock expected returns. We can calculate the autocorrelation of Cnova NV returns to help us make a trade decision. For example, suppose you find that Cnova NV 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 |
Cnova NV 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 Cnova NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cnova NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cnova NV stock over time.
Current vs Lagged Prices |
| Timeline |
Cnova NV Lagged Returns
When evaluating Cnova NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cnova NV stock have on its future price. Cnova NV 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, Cnova NV autocorrelation shows the relationship between Cnova NV stock current value and its past values and can show if there is a momentum factor associated with investing in Cnova NV.
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 Cnova Stock
Cnova NV financial ratios help investors to determine whether Cnova 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 Cnova with respect to the benefits of owning Cnova NV security.