FIXEDzone (Czech Republic) Market Value
| FIXED Stock | 140.00 3.00 2.10% |
| Symbol | FIXEDzone |
FIXEDzone '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 FIXEDzone'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 FIXEDzone.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in FIXEDzone on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding FIXEDzone as or generate 0.0% return on investment in FIXEDzone over 360 days. FIXEDzone is related to or competes with Erste Group, Moneta Money, UNIQA Insurance, and Komercni Banka. More
FIXEDzone 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 FIXEDzone'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 FIXEDzone as upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.84 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.33 |
FIXEDzone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIXEDzone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIXEDzone's standard deviation. In reality, there are many statistical measures that can use FIXEDzone historical prices to predict the future FIXEDzone's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (1.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FIXEDzone'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.
FIXEDzone as Backtested Returns
FIXEDzone as secures Sharpe Ratio (or Efficiency) of -0.0559, which denotes the company had a -0.0559% return per unit of volatility over the last 3 months. FIXEDzone as exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FIXEDzone's Standard Deviation of 1.72, market risk adjusted performance of (1.04), and Mean Deviation of 1.07 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, FIXEDzone's returns are expected to increase less than the market. However, during the bear market, the loss of holding FIXEDzone is expected to be smaller as well. At this point, FIXEDzone as has a negative expected return of -0.0952%. Please make sure to confirm FIXEDzone's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if FIXEDzone as performance from the past will be repeated at future time.
Auto-correlation | 0.41 |
Average predictability
FIXEDzone as has average predictability. Overlapping area represents the amount of predictability between FIXEDzone time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 FIXEDzone as price movement. The serial correlation of 0.41 indicates that just about 41.0% of current FIXEDzone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 28.79 |
FIXEDzone as lagged returns against current returns
Autocorrelation, which is FIXEDzone 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 FIXEDzone's stock expected returns. We can calculate the autocorrelation of FIXEDzone returns to help us make a trade decision. For example, suppose you find that FIXEDzone 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 |
FIXEDzone 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 FIXEDzone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIXEDzone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIXEDzone stock over time.
Current vs Lagged Prices |
| Timeline |
FIXEDzone Lagged Returns
When evaluating FIXEDzone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIXEDzone stock have on its future price. FIXEDzone 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, FIXEDzone autocorrelation shows the relationship between FIXEDzone stock current value and its past values and can show if there is a momentum factor associated with investing in FIXEDzone as.
Regressed Prices |
| Timeline |
Pair Trading with FIXEDzone
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 FIXEDzone 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 FIXEDzone will appreciate offsetting losses from the drop in the long position's value.Moving against FIXEDzone Stock
The ability to find closely correlated positions to FIXEDzone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FIXEDzone 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 FIXEDzone - 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 FIXEDzone as to buy it.
The correlation of FIXEDzone 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 FIXEDzone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FIXEDzone as 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 FIXEDzone 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.Additional Tools for FIXEDzone Stock Analysis
When running FIXEDzone's price analysis, check to measure FIXEDzone'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 FIXEDzone is operating at the current time. Most of FIXEDzone's value examination focuses on studying past and present price action to predict the probability of FIXEDzone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FIXEDzone's price. Additionally, you may evaluate how the addition of FIXEDzone to your portfolios can decrease your overall portfolio volatility.