Covivio SA (Germany) Market Value
| F5D Stock | EUR 51.15 1.05 2.01% |
| Symbol | Covivio |
Covivio SA '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 Covivio SA'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 Covivio SA.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Covivio SA on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Covivio SA or generate 0.0% return on investment in Covivio SA over 90 days. Covivio SA is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. A preferred real estate player at the European level, Covivio is close to its end users, capturing their aspirations, co... More
Covivio SA 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 Covivio SA'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 Covivio SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.48 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 3.16 |
Covivio SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covivio SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Covivio SA's standard deviation. In reality, there are many statistical measures that can use Covivio SA historical prices to predict the future Covivio SA's volatility.| Risk Adjusted Performance | 0.0361 | |||
| Jensen Alpha | 0.0636 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.38) |
Covivio SA Backtested Returns
At this point, Covivio SA is very steady. Covivio SA secures Sharpe Ratio (or Efficiency) of 0.0275, which signifies that the company had a 0.0275% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Covivio SA, which you can use to evaluate the volatility of the firm. Please confirm Covivio SA's Mean Deviation of 1.13, risk adjusted performance of 0.0361, and Downside Deviation of 1.33 to double-check if the risk estimate we provide is consistent with the expected return of 0.0393%. Covivio SA has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Covivio SA are expected to decrease at a much lower rate. During the bear market, Covivio SA is likely to outperform the market. Covivio SA right now shows a risk of 1.43%. Please confirm Covivio SA maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Covivio SA will be following its price patterns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Covivio SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Covivio SA time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Covivio SA price movement. The serial correlation of -0.73 indicates that around 73.0% of current Covivio SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.75 |
Covivio SA lagged returns against current returns
Autocorrelation, which is Covivio SA 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 Covivio SA's stock expected returns. We can calculate the autocorrelation of Covivio SA returns to help us make a trade decision. For example, suppose you find that Covivio SA 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 |
Covivio SA 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 Covivio SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Covivio SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Covivio SA stock over time.
Current vs Lagged Prices |
| Timeline |
Covivio SA Lagged Returns
When evaluating Covivio SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Covivio SA stock have on its future price. Covivio SA 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, Covivio SA autocorrelation shows the relationship between Covivio SA stock current value and its past values and can show if there is a momentum factor associated with investing in Covivio SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Covivio Stock
Covivio SA financial ratios help investors to determine whether Covivio 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 Covivio with respect to the benefits of owning Covivio SA security.