Corbion NV (Netherlands) Market Value
| CRBN Stock | EUR 22.28 0.30 1.36% |
| Symbol | Corbion |
Corbion 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 Corbion 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 Corbion NV.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Corbion NV on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Corbion NV or generate 0.0% return on investment in Corbion NV over 30 days. Corbion NV is related to or competes with Flow Traders, Aalberts Industries, ForFarmers, TKH Group, and NV Nederlandsche. Corbion N.V. provides lactic acid and lactic acid derivatives, emulsifiers, functional enzyme blends, minerals, vitamins... More
Corbion 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 Corbion 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 Corbion NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.8 |
Corbion NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corbion NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corbion NV's standard deviation. In reality, there are many statistical measures that can use Corbion NV historical prices to predict the future Corbion NV's volatility.| Risk Adjusted Performance | 0.0245 | |||
| Jensen Alpha | 0.0352 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (1.92) |
Corbion NV Backtested Returns
Currently, Corbion NV is very steady. Corbion NV secures Sharpe Ratio (or Efficiency) of 0.0414, which signifies that the company had a 0.0414% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Corbion NV, which you can use to evaluate the volatility of the firm. Please confirm Corbion NV's Downside Deviation of 1.86, mean deviation of 1.08, and Risk Adjusted Performance of 0.0245 to double-check if the risk estimate we provide is consistent with the expected return of 0.0734%. Corbion NV has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0173, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Corbion NV are expected to decrease at a much lower rate. During the bear market, Corbion NV is likely to outperform the market. Corbion NV right now shows a risk of 1.77%. Please confirm Corbion NV sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Corbion NV will be following its price patterns.
Auto-correlation | 0.69 |
Good predictability
Corbion NV has good predictability. Overlapping area represents the amount of predictability between Corbion NV time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Corbion NV price movement. The serial correlation of 0.69 indicates that around 69.0% of current Corbion NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Corbion NV lagged returns against current returns
Autocorrelation, which is Corbion 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 Corbion NV's stock expected returns. We can calculate the autocorrelation of Corbion NV returns to help us make a trade decision. For example, suppose you find that Corbion 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 |
Corbion 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 Corbion NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corbion NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corbion NV stock over time.
Current vs Lagged Prices |
| Timeline |
Corbion NV Lagged Returns
When evaluating Corbion NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corbion NV stock have on its future price. Corbion 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, Corbion NV autocorrelation shows the relationship between Corbion NV stock current value and its past values and can show if there is a momentum factor associated with investing in Corbion NV.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Corbion Stock Analysis
When running Corbion NV's price analysis, check to measure Corbion NV'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 Corbion NV is operating at the current time. Most of Corbion NV's value examination focuses on studying past and present price action to predict the probability of Corbion NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corbion NV's price. Additionally, you may evaluate how the addition of Corbion NV to your portfolios can decrease your overall portfolio volatility.