Kofola CeskoSlovensko (Czech Republic) Market Value
| KOFOL Stock | 382.00 4.00 1.04% |
| Symbol | Kofola |
Kofola CeskoSlovensko '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 Kofola CeskoSlovensko'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 Kofola CeskoSlovensko.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Kofola CeskoSlovensko on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Kofola CeskoSlovensko as or generate 0.0% return on investment in Kofola CeskoSlovensko over 180 days. Kofola CeskoSlovensko is related to or competes with Moneta Money, Komercni Banka, Cez AS, Erste Group, and Philip Morris. More
Kofola CeskoSlovensko 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 Kofola CeskoSlovensko'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 Kofola CeskoSlovensko as upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.1913 | |||
| Maximum Drawdown | 8.87 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 3.48 |
Kofola CeskoSlovensko Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kofola CeskoSlovensko's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kofola CeskoSlovensko's standard deviation. In reality, there are many statistical measures that can use Kofola CeskoSlovensko historical prices to predict the future Kofola CeskoSlovensko's volatility.| Risk Adjusted Performance | 0.2224 | |||
| Jensen Alpha | 0.4218 | |||
| Total Risk Alpha | 0.168 | |||
| Sortino Ratio | 0.2115 | |||
| Treynor Ratio | (1.09) |
Kofola CeskoSlovensko Backtested Returns
Kofola CeskoSlovensko appears to be very steady, given 3 months investment horizon. Kofola CeskoSlovensko has Sharpe Ratio of 0.31, which conveys that the firm had a 0.31% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kofola CeskoSlovensko, which you can use to evaluate the volatility of the firm. Please exercise Kofola CeskoSlovensko's Risk Adjusted Performance of 0.2224, mean deviation of 0.9093, and Downside Deviation of 1.24 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kofola CeskoSlovensko holds a performance score of 24. The company secures a Beta (Market Risk) of -0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kofola CeskoSlovensko are expected to decrease at a much lower rate. During the bear market, Kofola CeskoSlovensko is likely to outperform the market. Please check Kofola CeskoSlovensko's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Kofola CeskoSlovensko's current price movements will revert.
Auto-correlation | 0.64 |
Good predictability
Kofola CeskoSlovensko as has good predictability. Overlapping area represents the amount of predictability between Kofola CeskoSlovensko time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Kofola CeskoSlovensko price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Kofola CeskoSlovensko price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 465.91 |
Kofola CeskoSlovensko lagged returns against current returns
Autocorrelation, which is Kofola CeskoSlovensko 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 Kofola CeskoSlovensko's stock expected returns. We can calculate the autocorrelation of Kofola CeskoSlovensko returns to help us make a trade decision. For example, suppose you find that Kofola CeskoSlovensko 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 |
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Kofola CeskoSlovensko 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 Kofola CeskoSlovensko stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kofola CeskoSlovensko stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kofola CeskoSlovensko stock over time.
Current vs Lagged Prices |
| Timeline |
Kofola CeskoSlovensko Lagged Returns
When evaluating Kofola CeskoSlovensko's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kofola CeskoSlovensko stock have on its future price. Kofola CeskoSlovensko 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, Kofola CeskoSlovensko autocorrelation shows the relationship between Kofola CeskoSlovensko stock current value and its past values and can show if there is a momentum factor associated with investing in Kofola CeskoSlovensko as.
Regressed Prices |
| Timeline |
Pair Trading with Kofola CeskoSlovensko
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 Kofola CeskoSlovensko 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 Kofola CeskoSlovensko will appreciate offsetting losses from the drop in the long position's value.Moving together with Kofola Stock
Moving against Kofola Stock
| 0.76 | COLOS | Coloseum Holding | PairCorr |
| 0.71 | KLIKY | MT 1997 AS | PairCorr |
| 0.67 | FIXED | FIXEDzone as | PairCorr |
| 0.55 | PRIUA | Primoco UAV SE | PairCorr |
The ability to find closely correlated positions to Kofola CeskoSlovensko could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kofola CeskoSlovensko 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 Kofola CeskoSlovensko - 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 Kofola CeskoSlovensko as to buy it.
The correlation of Kofola CeskoSlovensko 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 Kofola CeskoSlovensko moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kofola CeskoSlovensko 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 Kofola CeskoSlovensko 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 Kofola Stock Analysis
When running Kofola CeskoSlovensko's price analysis, check to measure Kofola CeskoSlovensko'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 Kofola CeskoSlovensko is operating at the current time. Most of Kofola CeskoSlovensko's value examination focuses on studying past and present price action to predict the probability of Kofola CeskoSlovensko's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kofola CeskoSlovensko's price. Additionally, you may evaluate how the addition of Kofola CeskoSlovensko to your portfolios can decrease your overall portfolio volatility.