Courtois (France) Market Value
| COUR Stock | EUR 120.00 2.00 1.69% |
| Symbol | Courtois |
Courtois '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 Courtois' 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 Courtois.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Courtois on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Courtois SA or generate 0.0% return on investment in Courtois over 270 days. Courtois is related to or competes with Altamir SCA, Fonciere Lyonnaise, and Fonciere Inea. Courtois S.A. renovates and sells real estate properties located in the Midi-Pyrenees and Paris regions in France More
Courtois 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 Courtois' 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 Courtois SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 22.65 | |||
| Potential Upside | 1.69 |
Courtois Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Courtois' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Courtois' standard deviation. In reality, there are many statistical measures that can use Courtois historical prices to predict the future Courtois' volatility.| Risk Adjusted Performance | 0.0192 | |||
| Jensen Alpha | 0.0671 | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.08) |
Courtois SA Backtested Returns
Courtois SA secures Sharpe Ratio (or Efficiency) of -0.0068, which signifies that the company had a -0.0068% return per unit of risk over the last 3 months. Courtois SA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Courtois' Standard Deviation of 2.18, risk adjusted performance of 0.0192, and Mean Deviation of 0.6157 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Courtois are expected to decrease at a much lower rate. During the bear market, Courtois is likely to outperform the market. At this point, Courtois SA has a negative expected return of -0.0145%. Please make sure to confirm Courtois' total risk alpha, skewness, daily balance of power, as well as the relationship between the treynor ratio and kurtosis , to decide if Courtois SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Courtois SA has good reverse predictability. Overlapping area represents the amount of predictability between Courtois time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Courtois SA price movement. The serial correlation of -0.53 indicates that about 53.0% of current Courtois price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 26.11 |
Courtois SA lagged returns against current returns
Autocorrelation, which is Courtois 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 Courtois' stock expected returns. We can calculate the autocorrelation of Courtois returns to help us make a trade decision. For example, suppose you find that Courtois 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 |
Courtois 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 Courtois stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Courtois stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Courtois stock over time.
Current vs Lagged Prices |
| Timeline |
Courtois Lagged Returns
When evaluating Courtois' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Courtois stock have on its future price. Courtois 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, Courtois autocorrelation shows the relationship between Courtois stock current value and its past values and can show if there is a momentum factor associated with investing in Courtois SA.
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 Courtois Stock
Courtois financial ratios help investors to determine whether Courtois 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 Courtois with respect to the benefits of owning Courtois security.