Contact Energy (Germany) Market Value
| BZB Stock | EUR 4.52 0.04 0.88% |
| Symbol | Contact |
Contact Energy '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 Contact Energy'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 Contact Energy.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Contact Energy on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Contact Energy Limited or generate 0.0% return on investment in Contact Energy over 720 days. Contact Energy is related to or competes with CN YANGTPWR, SIEMENS ENERGY, Siemens Energy, Vistra Corp, CENTRICA ADR, Datang International, and Contact Energy. Contact Energy Limited generates and sells electricity and natural gas in New Zealand More
Contact Energy 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 Contact Energy'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 Contact Energy Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.0054 | |||
| Maximum Drawdown | 12.75 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.74 |
Contact Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Contact Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Contact Energy's standard deviation. In reality, there are many statistical measures that can use Contact Energy historical prices to predict the future Contact Energy's volatility.| Risk Adjusted Performance | 0.0376 | |||
| Jensen Alpha | 0.0546 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0043 | |||
| Treynor Ratio | 0.3076 |
Contact Energy Backtested Returns
At this point, Contact Energy is somewhat reliable. Contact Energy secures Sharpe Ratio (or Efficiency) of 0.0285, which signifies that the company had a 0.0285% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Contact Energy Limited, which you can use to evaluate the volatility of the firm. Please confirm Contact Energy's Downside Deviation of 2.2, risk adjusted performance of 0.0376, and Mean Deviation of 1.16 to double-check if the risk estimate we provide is consistent with the expected return of 0.0509%. Contact Energy has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Contact Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Contact Energy is expected to be smaller as well. Contact Energy right now shows a risk of 1.79%. Please confirm Contact Energy information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Contact Energy will be following its price patterns.
Auto-correlation | 0.20 |
Weak predictability
Contact Energy Limited has weak predictability. Overlapping area represents the amount of predictability between Contact Energy time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 Contact Energy price movement. The serial correlation of 0.2 indicates that over 20.0% of current Contact Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Contact Energy lagged returns against current returns
Autocorrelation, which is Contact Energy 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 Contact Energy's stock expected returns. We can calculate the autocorrelation of Contact Energy returns to help us make a trade decision. For example, suppose you find that Contact Energy 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 |
Contact Energy 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 Contact Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Contact Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Contact Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Contact Energy Lagged Returns
When evaluating Contact Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Contact Energy stock have on its future price. Contact Energy 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, Contact Energy autocorrelation shows the relationship between Contact Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Contact Energy Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Contact Stock
Contact Energy financial ratios help investors to determine whether Contact Stock 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 Contact with respect to the benefits of owning Contact Energy security.