Care Property (Belgium) Market Value
| CPINV Stock | EUR 12.30 0.22 1.82% |
| Symbol | Care |
Care Property '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 Care Property'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 Care Property.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Care Property on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Care Property Invest or generate 0.0% return on investment in Care Property over 660 days. Care Property is related to or competes with Home Invest, Wereldhav, Retail Estates, Exmar NV, Iep Invest, Unifiedpost Group, and Montea CVA. Serviceflats Invest NV, a real estate investment company, builds and finances residences for elderly residents More
Care Property 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 Care Property'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 Care Property Invest upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 5.78 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.01 |
Care Property Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Care Property's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Care Property's standard deviation. In reality, there are many statistical measures that can use Care Property historical prices to predict the future Care Property's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.64) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Care Property's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Care Property Invest Backtested Returns
Care Property Invest secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. Care Property Invest exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Care Property's Risk Adjusted Performance of (0.14), mean deviation of 1.06, and Standard Deviation of 1.33 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Care Property's returns are expected to increase less than the market. However, during the bear market, the loss of holding Care Property is expected to be smaller as well. At this point, Care Property Invest has a negative expected return of -0.25%. Please make sure to confirm Care Property's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Care Property Invest performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Care Property Invest has very good reverse predictability. Overlapping area represents the amount of predictability between Care Property time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 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 Care Property Invest price movement. The serial correlation of -0.67 indicates that around 67.0% of current Care Property price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Care Property Invest lagged returns against current returns
Autocorrelation, which is Care Property 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 Care Property's stock expected returns. We can calculate the autocorrelation of Care Property returns to help us make a trade decision. For example, suppose you find that Care Property 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 |
Care Property 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 Care Property stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Care Property stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Care Property stock over time.
Current vs Lagged Prices |
| Timeline |
Care Property Lagged Returns
When evaluating Care Property's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Care Property stock have on its future price. Care Property 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, Care Property autocorrelation shows the relationship between Care Property stock current value and its past values and can show if there is a momentum factor associated with investing in Care Property Invest.
Regressed Prices |
| Timeline |
Pair Trading with Care Property
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 Care Property 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 Care Property will appreciate offsetting losses from the drop in the long position's value.Moving against Care Stock
| 0.83 | KEYW | Keyware Technologies | PairCorr |
| 0.55 | EKOP | Ekopak BV | PairCorr |
| 0.47 | CAMB | Campine | PairCorr |
| 0.31 | MOUR | Moury Construct SA | PairCorr |
The ability to find closely correlated positions to Care Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Care Property 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 Care Property - 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 Care Property Invest to buy it.
The correlation of Care Property 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 Care Property moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Care Property Invest 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 Care Property 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.Other Information on Investing in Care Stock
Care Property financial ratios help investors to determine whether Care 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 Care with respect to the benefits of owning Care Property security.