Cofinimmo (Belgium) Market Value
| COFB Stock | EUR 56.30 1.40 2.55% |
| Symbol | Cofinimmo |
Cofinimmo '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 Cofinimmo'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 Cofinimmo.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Cofinimmo on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cofinimmo SA or generate 0.0% return on investment in Cofinimmo over 270 days. Cofinimmo is related to or competes with Home Invest, Wereldhav, Retail Estates, Exmar NV, Iep Invest, Unifiedpost Group, and Montea CVA. Cofinimmo has been acquiring, developing and managing rental properties for over 35 years More
Cofinimmo 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 Cofinimmo'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 Cofinimmo SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.6 |
Cofinimmo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cofinimmo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cofinimmo's standard deviation. In reality, there are many statistical measures that can use Cofinimmo historical prices to predict the future Cofinimmo's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (2.00) |
Cofinimmo SA Backtested Returns
Cofinimmo SA secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Cofinimmo SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cofinimmo's risk adjusted performance of (0.09), and Mean Deviation of 0.9862 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0801, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cofinimmo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cofinimmo is expected to be smaller as well. At this point, Cofinimmo SA has a negative expected return of -0.15%. Please make sure to confirm Cofinimmo's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Cofinimmo SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Cofinimmo SA has below average predictability. Overlapping area represents the amount of predictability between Cofinimmo time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Cofinimmo SA price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Cofinimmo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 10.35 |
Cofinimmo SA lagged returns against current returns
Autocorrelation, which is Cofinimmo 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 Cofinimmo's stock expected returns. We can calculate the autocorrelation of Cofinimmo returns to help us make a trade decision. For example, suppose you find that Cofinimmo 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 |
Cofinimmo 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 Cofinimmo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cofinimmo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cofinimmo stock over time.
Current vs Lagged Prices |
| Timeline |
Cofinimmo Lagged Returns
When evaluating Cofinimmo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cofinimmo stock have on its future price. Cofinimmo 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, Cofinimmo autocorrelation shows the relationship between Cofinimmo stock current value and its past values and can show if there is a momentum factor associated with investing in Cofinimmo SA.
Regressed Prices |
| Timeline |
Pair Trading with Cofinimmo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cofinimmo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cofinimmo will appreciate offsetting losses from the drop in the long position's value.Moving against Cofinimmo Stock
The ability to find closely correlated positions to Cofinimmo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cofinimmo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cofinimmo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cofinimmo SA to buy it.
The correlation of Cofinimmo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cofinimmo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cofinimmo SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cofinimmo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Cofinimmo Stock Analysis
When running Cofinimmo's price analysis, check to measure Cofinimmo'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 Cofinimmo is operating at the current time. Most of Cofinimmo's value examination focuses on studying past and present price action to predict the probability of Cofinimmo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cofinimmo's price. Additionally, you may evaluate how the addition of Cofinimmo to your portfolios can decrease your overall portfolio volatility.