Componenta Corp (Finland) Market Value
| CTH1V Stock | EUR 2.43 0.26 9.67% |
| Symbol | Componenta |
Componenta Corp '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 Componenta Corp'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 Componenta Corp.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Componenta Corp on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Componenta Corp or generate 0.0% return on investment in Componenta Corp over 720 days. Componenta Corp is related to or competes with Dovre Group, Tecnotree Oyj, Bittium Oyj, Afarak Group, and Outokumpu Oyj. Componenta Corporation, together with its subsidiaries, provides cast iron components in Sweden, Finland, Benelux countr... More
Componenta Corp 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 Componenta Corp'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 Componenta Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.92 | |||
| Value At Risk | (4.45) | |||
| Potential Upside | 3.45 |
Componenta Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Componenta Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Componenta Corp's standard deviation. In reality, there are many statistical measures that can use Componenta Corp historical prices to predict the future Componenta Corp's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Componenta Corp'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.
Componenta Corp Backtested Returns
Componenta Corp secures Sharpe Ratio (or Efficiency) of -0.097, which signifies that the company had a -0.097% return per unit of risk over the last 3 months. Componenta Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Componenta Corp's Risk Adjusted Performance of (0.02), mean deviation of 1.58, and Standard Deviation of 2.24 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Componenta Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Componenta Corp is expected to be smaller as well. At this point, Componenta Corp has a negative expected return of -0.25%. Please make sure to confirm Componenta Corp's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Componenta Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Componenta Corp has very weak predictability. Overlapping area represents the amount of predictability between Componenta Corp 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 Componenta Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current Componenta Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Componenta Corp lagged returns against current returns
Autocorrelation, which is Componenta Corp 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 Componenta Corp's stock expected returns. We can calculate the autocorrelation of Componenta Corp returns to help us make a trade decision. For example, suppose you find that Componenta Corp 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 |
Componenta Corp 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 Componenta Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Componenta Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Componenta Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Componenta Corp Lagged Returns
When evaluating Componenta Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Componenta Corp stock have on its future price. Componenta Corp 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, Componenta Corp autocorrelation shows the relationship between Componenta Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Componenta Corp.
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 Componenta Stock
Componenta Corp financial ratios help investors to determine whether Componenta 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 Componenta with respect to the benefits of owning Componenta Corp security.