Choice Hotels (Germany) Market Value
| CZH Stock | EUR 141.00 2.00 1.40% |
| Symbol | Choice |
Choice Hotels '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 Choice Hotels' 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 Choice Hotels.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Choice Hotels on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Choice Hotels International or generate 0.0% return on investment in Choice Hotels over 540 days. Choice Hotels is related to or competes with InterContinental, and ACCOR SPADR. Choice Hotels International, Inc., together with its subsidiaries, operates as a hotel franchisor worldwide More
Choice Hotels 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 Choice Hotels' 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 Choice Hotels International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.1431 | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.17 |
Choice Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Choice Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Choice Hotels' standard deviation. In reality, there are many statistical measures that can use Choice Hotels historical prices to predict the future Choice Hotels' volatility.| Risk Adjusted Performance | 0.1755 | |||
| Jensen Alpha | 0.2854 | |||
| Total Risk Alpha | 0.1036 | |||
| Sortino Ratio | 0.1413 | |||
| Treynor Ratio | 0.6981 |
Choice Hotels Intern Backtested Returns
Choice Hotels appears to be very steady, given 3 months investment horizon. Choice Hotels Intern secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Choice Hotels International, which you can use to evaluate the volatility of the firm. Please makes use of Choice Hotels' Risk Adjusted Performance of 0.1755, downside deviation of 1.6, and Mean Deviation of 1.13 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Choice Hotels holds a performance score of 17. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Choice Hotels' returns are expected to increase less than the market. However, during the bear market, the loss of holding Choice Hotels is expected to be smaller as well. Please check Choice Hotels' jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether Choice Hotels' price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Choice Hotels International has poor reverse predictability. Overlapping area represents the amount of predictability between Choice Hotels time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Choice Hotels Intern price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Choice Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 85.9 |
Choice Hotels Intern lagged returns against current returns
Autocorrelation, which is Choice Hotels 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 Choice Hotels' stock expected returns. We can calculate the autocorrelation of Choice Hotels returns to help us make a trade decision. For example, suppose you find that Choice Hotels 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 |
Choice Hotels 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 Choice Hotels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Choice Hotels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Choice Hotels stock over time.
Current vs Lagged Prices |
| Timeline |
Choice Hotels Lagged Returns
When evaluating Choice Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Choice Hotels stock have on its future price. Choice Hotels 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, Choice Hotels autocorrelation shows the relationship between Choice Hotels stock current value and its past values and can show if there is a momentum factor associated with investing in Choice Hotels International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Choice Stock
When determining whether Choice Hotels Intern offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Choice Hotels' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Choice Hotels International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Choice Hotels International Stock:Check out Choice Hotels Correlation, Choice Hotels Volatility and Choice Hotels Alpha and Beta module to complement your research on Choice Hotels. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Choice Hotels technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.