Compagnie (Belgium) Market Value
| CFEB Stock | EUR 6.00 0.05 0.83% |
| Symbol | Compagnie |
Compagnie '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 Compagnie'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 Compagnie.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Compagnie on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Compagnie d Entreprises or generate 0.0% return on investment in Compagnie over 360 days. Compagnie is related to or competes with Ackermans Van, NV Bekaert, Melexis NV, DIeteren Group, and Groep Brussel. Compagnie dEntreprises CFE SA operates in dredging, environment and marine engineering, contracting, and real estate sec... More
Compagnie 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 Compagnie'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 Compagnie d Entreprises upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 8.16 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.4 |
Compagnie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compagnie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compagnie's standard deviation. In reality, there are many statistical measures that can use Compagnie historical prices to predict the future Compagnie's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.74) |
Compagnie d Entreprises Backtested Returns
Compagnie d Entreprises secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Compagnie d Entreprises exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Compagnie's Risk Adjusted Performance of (0.13), standard deviation of 1.46, and Mean Deviation of 1.0 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Compagnie's returns are expected to increase less than the market. However, during the bear market, the loss of holding Compagnie is expected to be smaller as well. At this point, Compagnie d Entreprises has a negative expected return of -0.26%. Please make sure to confirm Compagnie's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Compagnie d Entreprises performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Compagnie d Entreprises has virtually no predictability. Overlapping area represents the amount of predictability between Compagnie time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Compagnie d Entreprises price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Compagnie price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Compagnie d Entreprises lagged returns against current returns
Autocorrelation, which is Compagnie 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 Compagnie's stock expected returns. We can calculate the autocorrelation of Compagnie returns to help us make a trade decision. For example, suppose you find that Compagnie 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 |
Compagnie 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 Compagnie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compagnie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compagnie stock over time.
Current vs Lagged Prices |
| Timeline |
Compagnie Lagged Returns
When evaluating Compagnie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compagnie stock have on its future price. Compagnie 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, Compagnie autocorrelation shows the relationship between Compagnie stock current value and its past values and can show if there is a momentum factor associated with investing in Compagnie d Entreprises.
Regressed Prices |
| Timeline |
Pair Trading with Compagnie
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 Compagnie 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 Compagnie will appreciate offsetting losses from the drop in the long position's value.Moving together with Compagnie Stock
| 0.82 | DISL | Immobiliere Distri Land | PairCorr |
| 0.86 | BANI | Banimmo SA | PairCorr |
| 0.93 | MELE | Melexis NV | PairCorr |
| 0.87 | VGP | VGP NV | PairCorr |
The ability to find closely correlated positions to Compagnie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compagnie 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 Compagnie - 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 Compagnie d Entreprises to buy it.
The correlation of Compagnie 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 Compagnie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compagnie d Entreprises 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 Compagnie 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 Compagnie Stock Analysis
When running Compagnie's price analysis, check to measure Compagnie'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 Compagnie is operating at the current time. Most of Compagnie's value examination focuses on studying past and present price action to predict the probability of Compagnie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compagnie's price. Additionally, you may evaluate how the addition of Compagnie to your portfolios can decrease your overall portfolio volatility.