Continental Aktiengesellscha (Germany) Market Value
| CON Stock | 64.22 0.02 0.03% |
| Symbol | Continental |
Continental Aktiengesellscha '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 Continental Aktiengesellscha'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 Continental Aktiengesellscha.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Continental Aktiengesellscha on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Continental Aktiengesellschaft or generate 0.0% return on investment in Continental Aktiengesellscha over 720 days. Continental Aktiengesellscha is related to or competes with Dno ASA, DENSO P, Aptiv PLC, Bridgestone, PT Astra, Magna International, and LKQ. More
Continental Aktiengesellscha 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 Continental Aktiengesellscha'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 Continental Aktiengesellschaft upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.1098 | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 3.71 |
Continental Aktiengesellscha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Continental Aktiengesellscha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Continental Aktiengesellscha's standard deviation. In reality, there are many statistical measures that can use Continental Aktiengesellscha historical prices to predict the future Continental Aktiengesellscha's volatility.| Risk Adjusted Performance | 0.1046 | |||
| Jensen Alpha | 0.2733 | |||
| Total Risk Alpha | 0.2126 | |||
| Sortino Ratio | 0.1614 | |||
| Treynor Ratio | 1.37 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Continental Aktiengesellscha'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.
Continental Aktiengesellscha Backtested Returns
Continental Aktiengesellscha appears to be very steady, given 3 months investment horizon. Continental Aktiengesellscha secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Continental Aktiengesellschaft, which you can use to evaluate the volatility of the firm. Please makes use of Continental Aktiengesellscha's Mean Deviation of 1.6, risk adjusted performance of 0.1046, and Downside Deviation of 1.58 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Continental Aktiengesellscha holds a performance score of 8. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Continental Aktiengesellscha's returns are expected to increase less than the market. However, during the bear market, the loss of holding Continental Aktiengesellscha is expected to be smaller as well. Please check Continental Aktiengesellscha's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Continental Aktiengesellscha's price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Continental Aktiengesellschaft has very weak reverse predictability. Overlapping area represents the amount of predictability between Continental Aktiengesellscha time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Continental Aktiengesellscha price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Continental Aktiengesellscha price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 32.91 |
Continental Aktiengesellscha lagged returns against current returns
Autocorrelation, which is Continental Aktiengesellscha 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 Continental Aktiengesellscha's stock expected returns. We can calculate the autocorrelation of Continental Aktiengesellscha returns to help us make a trade decision. For example, suppose you find that Continental Aktiengesellscha 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 |
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Continental Aktiengesellscha 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 Continental Aktiengesellscha stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Continental Aktiengesellscha stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Continental Aktiengesellscha stock over time.
Current vs Lagged Prices |
| Timeline |
Continental Aktiengesellscha Lagged Returns
When evaluating Continental Aktiengesellscha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Continental Aktiengesellscha stock have on its future price. Continental Aktiengesellscha 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, Continental Aktiengesellscha autocorrelation shows the relationship between Continental Aktiengesellscha stock current value and its past values and can show if there is a momentum factor associated with investing in Continental Aktiengesellschaft.
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 Continental Stock Analysis
When running Continental Aktiengesellscha's price analysis, check to measure Continental Aktiengesellscha'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 Continental Aktiengesellscha is operating at the current time. Most of Continental Aktiengesellscha's value examination focuses on studying past and present price action to predict the probability of Continental Aktiengesellscha's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Continental Aktiengesellscha's price. Additionally, you may evaluate how the addition of Continental Aktiengesellscha to your portfolios can decrease your overall portfolio volatility.