Ceconomy Ag Adr Stock Market Value
| MTTRY Stock | USD 0.48 0.02 4.35% |
| Symbol | Ceconomy |
Ceconomy '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 Ceconomy'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 Ceconomy.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Ceconomy on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Ceconomy AG ADR or generate 0.0% return on investment in Ceconomy over 30 days. Ceconomy is related to or competes with AutoZone, Advance Auto, Tractor Supply, Genuine Parts, and Five Below. Ceconomy AG engages in the consumer electronics retail business More
Ceconomy 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 Ceconomy'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 Ceconomy AG ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 29.81 | |||
| Value At Risk | (9.38) | |||
| Potential Upside | 10.34 |
Ceconomy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ceconomy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ceconomy's standard deviation. In reality, there are many statistical measures that can use Ceconomy historical prices to predict the future Ceconomy's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.6031 |
Ceconomy AG ADR Backtested Returns
Ceconomy AG ADR secures Sharpe Ratio (or Efficiency) of -0.0531, which signifies that the company had a -0.0531 % return per unit of standard deviation over the last 3 months. Ceconomy AG ADR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ceconomy's mean deviation of 3.05, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ceconomy are expected to decrease at a much lower rate. During the bear market, Ceconomy is likely to outperform the market. At this point, Ceconomy AG ADR has a negative expected return of -0.27%. Please make sure to confirm Ceconomy's variance, skewness, day typical price, as well as the relationship between the total risk alpha and daily balance of power , to decide if Ceconomy AG ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Ceconomy AG ADR has poor predictability. Overlapping area represents the amount of predictability between Ceconomy time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ceconomy AG ADR price movement. The serial correlation of 0.25 indicates that over 25.0% of current Ceconomy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ceconomy AG ADR lagged returns against current returns
Autocorrelation, which is Ceconomy 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 Ceconomy's pink sheet expected returns. We can calculate the autocorrelation of Ceconomy returns to help us make a trade decision. For example, suppose you find that Ceconomy 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 |
Ceconomy 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 Ceconomy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ceconomy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ceconomy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ceconomy Lagged Returns
When evaluating Ceconomy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ceconomy pink sheet have on its future price. Ceconomy 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, Ceconomy autocorrelation shows the relationship between Ceconomy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ceconomy AG ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Ceconomy Pink Sheet Analysis
When running Ceconomy's price analysis, check to measure Ceconomy'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 Ceconomy is operating at the current time. Most of Ceconomy's value examination focuses on studying past and present price action to predict the probability of Ceconomy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ceconomy's price. Additionally, you may evaluate how the addition of Ceconomy to your portfolios can decrease your overall portfolio volatility.