Compagnie Financire (South Africa) Market Value
| CFR Stock | 254,695 5,698 2.29% |
| Symbol | Compagnie |
Compagnie Financire '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 Financire'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 Financire.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Compagnie Financire on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Compagnie Financire Richemont or generate 0.0% return on investment in Compagnie Financire over 360 days. Compagnie Financire is related to or competes with Lesaka Technologies, Standard Bank, Bytes Technology, African Media, Trematon Capital, Ascendis Health, and British Amer. More
Compagnie Financire 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 Financire'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 Financire Richemont upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.67 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 3.39 |
Compagnie Financire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compagnie Financire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compagnie Financire's standard deviation. In reality, there are many statistical measures that can use Compagnie Financire historical prices to predict the future Compagnie Financire's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.28) |
Compagnie Financire Backtested Returns
At this point, Compagnie Financire is very steady. Compagnie Financire secures Sharpe Ratio (or Efficiency) of 0.0057, which signifies that the company had a 0.0057% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Compagnie Financire Richemont, which you can use to evaluate the volatility of the firm. Please confirm Compagnie Financire's Mean Deviation of 1.35, risk adjusted performance of (0.03), and Standard Deviation of 1.97 to double-check if the risk estimate we provide is consistent with the expected return of 0.0105%. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Compagnie Financire's returns are expected to increase less than the market. However, during the bear market, the loss of holding Compagnie Financire is expected to be smaller as well. Compagnie Financire right now shows a risk of 1.82%. Please confirm Compagnie Financire potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Compagnie Financire will be following its price patterns.
Auto-correlation | -0.5 |
Modest reverse predictability
Compagnie Financire Richemont has modest reverse predictability. Overlapping area represents the amount of predictability between Compagnie Financire time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Financire price movement. The serial correlation of -0.5 indicates that about 50.0% of current Compagnie Financire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 241.9 M |
Compagnie Financire lagged returns against current returns
Autocorrelation, which is Compagnie Financire 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 Financire's stock expected returns. We can calculate the autocorrelation of Compagnie Financire returns to help us make a trade decision. For example, suppose you find that Compagnie Financire 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 Financire 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 Financire stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compagnie Financire stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compagnie Financire stock over time.
Current vs Lagged Prices |
| Timeline |
Compagnie Financire Lagged Returns
When evaluating Compagnie Financire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compagnie Financire stock have on its future price. Compagnie Financire 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 Financire autocorrelation shows the relationship between Compagnie Financire stock current value and its past values and can show if there is a momentum factor associated with investing in Compagnie Financire Richemont.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Compagnie Stock
Compagnie Financire financial ratios help investors to determine whether Compagnie 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 Compagnie with respect to the benefits of owning Compagnie Financire security.