CTP NV (Czech Republic) Market Value
| CTPNV Stock | CZK 382.80 4.40 1.16% |
| Symbol | CTP |
CTP NV '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 CTP NV'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 CTP NV.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in CTP NV on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding CTP NV or generate 0.0% return on investment in CTP NV over 30 days. CTP NV is related to or competes with Vienna Insurance, Moneta Money, Erste Group, UNIQA Insurance, and Komercni Banka. CTP N.V. engages in the development and rental of commercial and industrial real estate properties in Central and Easter... More
CTP NV 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 CTP NV'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 CTP NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.43 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 2.56 |
CTP NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTP NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CTP NV's standard deviation. In reality, there are many statistical measures that can use CTP NV historical prices to predict the future CTP NV's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CTP NV'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.
CTP NV Backtested Returns
CTP NV secures Sharpe Ratio (or Efficiency) of -0.0575, which signifies that the company had a -0.0575% return per unit of risk over the last 3 months. CTP NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CTP NV's mean deviation of 1.19, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CTP NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding CTP NV is expected to be smaller as well. At this point, CTP NV has a negative expected return of -0.088%. Please make sure to confirm CTP NV's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if CTP NV performance from the past will be repeated at future time.
Auto-correlation | -0.41 |
Modest reverse predictability
CTP NV has modest reverse predictability. Overlapping area represents the amount of predictability between CTP NV time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 CTP NV price movement. The serial correlation of -0.41 indicates that just about 41.0% of current CTP NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 15.29 |
CTP NV lagged returns against current returns
Autocorrelation, which is CTP NV 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 CTP NV's stock expected returns. We can calculate the autocorrelation of CTP NV returns to help us make a trade decision. For example, suppose you find that CTP NV 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 |
CTP NV 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 CTP NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CTP NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CTP NV stock over time.
Current vs Lagged Prices |
| Timeline |
CTP NV Lagged Returns
When evaluating CTP NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CTP NV stock have on its future price. CTP NV 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, CTP NV autocorrelation shows the relationship between CTP NV stock current value and its past values and can show if there is a momentum factor associated with investing in CTP NV.
Regressed Prices |
| Timeline |
Pair Trading with CTP NV
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 CTP NV 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 CTP NV will appreciate offsetting losses from the drop in the long position's value.Moving together with CTP Stock
Moving against CTP Stock
The ability to find closely correlated positions to CTP NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CTP NV 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 CTP NV - 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 CTP NV to buy it.
The correlation of CTP NV 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 CTP NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CTP NV 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 CTP NV 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 CTP Stock Analysis
When running CTP NV's price analysis, check to measure CTP NV'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 CTP NV is operating at the current time. Most of CTP NV's value examination focuses on studying past and present price action to predict the probability of CTP NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTP NV's price. Additionally, you may evaluate how the addition of CTP NV to your portfolios can decrease your overall portfolio volatility.