Covivio Stock Market Value
| GSEFF Stock | USD 59.30 0.00 0.00% |
| Symbol | Covivio |
Covivio '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's pink sheet 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.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Covivio on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Covivio or generate 0.0% return on investment in Covivio over 720 days. Covivio is related to or competes with Global Net, VICI Properties, W P, Essential Properties, and Gladstone Commercial. A preferred real estate player at the European level, Covivio is close to its end users, capturing their aspirations, co... More
Covivio 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's pink sheet 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0498 | |||
| Maximum Drawdown | 14.26 |
Covivio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covivio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Covivio's standard deviation. In reality, there are many statistical measures that can use Covivio historical prices to predict the future Covivio's volatility.| Risk Adjusted Performance | 0.0997 | |||
| Jensen Alpha | 0.1981 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 3.09 |
Covivio Backtested Returns
Covivio appears to be very steady, given 3 months investment horizon. Covivio secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Covivio, which you can use to evaluate the volatility of the firm. Please makes use of Covivio's Mean Deviation of 0.4255, risk adjusted performance of 0.0997, and Standard Deviation of 1.76 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Covivio holds a performance score of 9. The firm shows a Beta (market volatility) of 0.0667, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Covivio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Covivio is expected to be smaller as well. Please check Covivio's information ratio, and the relationship between the coefficient of variation and skewness , to make a quick decision on whether Covivio's price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Covivio has very good reverse predictability. Overlapping area represents the amount of predictability between Covivio time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Covivio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 13.72 |
Covivio lagged returns against current returns
Autocorrelation, which is Covivio pink sheet'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's pink sheet expected returns. We can calculate the autocorrelation of Covivio returns to help us make a trade decision. For example, suppose you find that Covivio has exhibited high autocorrelation historically, and you observe that the pink sheet 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Covivio pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Covivio pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Covivio Lagged Returns
When evaluating Covivio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Covivio pink sheet have on its future price. Covivio 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 autocorrelation shows the relationship between Covivio pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Covivio.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Covivio Pink Sheet
Covivio financial ratios help investors to determine whether Covivio Pink Sheet 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 security.