Moneta Money (Czech Republic) Market Value
| MONET Stock | CZK 126.80 8.80 7.46% |
| Symbol | Moneta |
Moneta Money '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 Moneta Money'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 Moneta Money.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Moneta Money on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Moneta Money Bank or generate 0.0% return on investment in Moneta Money over 30 days. Moneta Money is related to or competes with Komercni Banka, Cez AS, Erste Group, Kofola CeskoSlovensko, and Philip Morris. MONETA Money Bank, a.s., together with its subsidiaries, provides banking and financial products and services to retail ... More
Moneta Money 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 Moneta Money'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 Moneta Money Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.955 | |||
| Information Ratio | 0.1434 | |||
| Maximum Drawdown | 5.84 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 2.59 |
Moneta Money Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Moneta Money's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Moneta Money's standard deviation. In reality, there are many statistical measures that can use Moneta Money historical prices to predict the future Moneta Money's volatility.| Risk Adjusted Performance | 0.1993 | |||
| Jensen Alpha | 0.2897 | |||
| Total Risk Alpha | 0.1043 | |||
| Sortino Ratio | 0.1753 | |||
| Treynor Ratio | (22.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Moneta Money'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.
Moneta Money Bank Backtested Returns
Moneta Money appears to be very steady, given 3 months investment horizon. Moneta Money Bank has Sharpe Ratio of 0.26, which conveys that the firm had a 0.26% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Moneta Money, which you can use to evaluate the volatility of the firm. Please exercise Moneta Money's Mean Deviation of 0.8983, downside deviation of 0.955, and Risk Adjusted Performance of 0.1993 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Moneta Money holds a performance score of 20. The company secures a Beta (Market Risk) of -0.0129, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Moneta Money are expected to decrease at a much lower rate. During the bear market, Moneta Money is likely to outperform the market. Please check Moneta Money's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Moneta Money's current price movements will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Moneta Money Bank has virtually no predictability. Overlapping area represents the amount of predictability between Moneta Money time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Moneta Money Bank price movement. The serial correlation of 0.01 indicates that just 1.0% of current Moneta Money price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 23.44 |
Moneta Money Bank lagged returns against current returns
Autocorrelation, which is Moneta Money 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 Moneta Money's stock expected returns. We can calculate the autocorrelation of Moneta Money returns to help us make a trade decision. For example, suppose you find that Moneta Money 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 |
Moneta Money 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 Moneta Money stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Moneta Money stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Moneta Money stock over time.
Current vs Lagged Prices |
| Timeline |
Moneta Money Lagged Returns
When evaluating Moneta Money's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Moneta Money stock have on its future price. Moneta Money 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, Moneta Money autocorrelation shows the relationship between Moneta Money stock current value and its past values and can show if there is a momentum factor associated with investing in Moneta Money Bank.
Regressed Prices |
| Timeline |
Pair Trading with Moneta Money
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 Moneta Money 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 Moneta Money will appreciate offsetting losses from the drop in the long position's value.Moving together with Moneta Stock
Moving against Moneta Stock
The ability to find closely correlated positions to Moneta Money could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Moneta Money 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 Moneta Money - 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 Moneta Money Bank to buy it.
The correlation of Moneta Money 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 Moneta Money moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moneta Money Bank 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 Moneta Money 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 Moneta Stock Analysis
When running Moneta Money's price analysis, check to measure Moneta Money'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 Moneta Money is operating at the current time. Most of Moneta Money's value examination focuses on studying past and present price action to predict the probability of Moneta Money's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Moneta Money's price. Additionally, you may evaluate how the addition of Moneta Money to your portfolios can decrease your overall portfolio volatility.