CSL (Germany) Market Value
| CSJA Stock | EUR 82.00 0.50 0.61% |
| Symbol | CSL |
CSL '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 CSL'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 CSL.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in CSL on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding CSL LTD SPONADR or generate 0.0% return on investment in CSL over 720 days. CSL is related to or competes with Novo Nordisk, CSL, Mercedes Benz, Vertex Pharmaceuticals, Moderna, and WUXI BIOLOGICS. CSL Limited researches, develops, manufactures, markets, and distributes biopharmaceutical and allied products in Austra... More
CSL 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 CSL'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 CSL LTD SPONADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.38 |
CSL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSL's standard deviation. In reality, there are many statistical measures that can use CSL historical prices to predict the future CSL's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.34) |
CSL LTD SPONADR Backtested Returns
CSL LTD SPONADR secures Sharpe Ratio (or Efficiency) of -0.064, which signifies that the company had a -0.064% return per unit of return volatility over the last 3 months. CSL LTD SPONADR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CSL's Mean Deviation of 1.03, coefficient of variation of (1,215), and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CSL's returns are expected to increase less than the market. However, during the bear market, the loss of holding CSL is expected to be smaller as well. At this point, CSL LTD SPONADR has a negative expected return of -0.0888%. Please make sure to confirm CSL's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if CSL LTD SPONADR performance from the past will be repeated at future time.
Auto-correlation | -0.55 |
Good reverse predictability
CSL LTD SPONADR has good reverse predictability. Overlapping area represents the amount of predictability between CSL 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 CSL LTD SPONADR price movement. The serial correlation of -0.55 indicates that about 55.0% of current CSL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 11.34 |
CSL LTD SPONADR lagged returns against current returns
Autocorrelation, which is CSL 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 CSL's stock expected returns. We can calculate the autocorrelation of CSL returns to help us make a trade decision. For example, suppose you find that CSL 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 |
CSL 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 CSL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSL stock over time.
Current vs Lagged Prices |
| Timeline |
CSL Lagged Returns
When evaluating CSL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSL stock have on its future price. CSL 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, CSL autocorrelation shows the relationship between CSL stock current value and its past values and can show if there is a momentum factor associated with investing in CSL LTD SPONADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CSL Stock
CSL financial ratios help investors to determine whether CSL 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 CSL with respect to the benefits of owning CSL security.