Continental Aktiengesellschaft Stock Market Value
| CTTAF Stock | USD 65.14 2.73 4.02% |
| 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 pink sheet 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.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Continental Aktiengesellscha on November 4, 2024 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 30 days. Continental Aktiengesellscha is related to or competes with Compagnie Generale, Bridgestone Corp, Goodyear Tire, Compagnie Générale, Continental, Douglas Dynamics, and Luminar Technologies. Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and ... 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 pink sheet 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 | 3.81 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.38 | |||
| Value At Risk | (6.39) | |||
| Potential Upside | 7.91 |
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 | 0.0181 | |||
| Jensen Alpha | 0.0255 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2607 |
Continental Aktiengesellscha Backtested Returns
At this point, Continental Aktiengesellscha is very steady. Continental Aktiengesellscha secures Sharpe Ratio (or Efficiency) of 0.0253, which signifies that the company had a 0.0253% 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 confirm Continental Aktiengesellscha's Mean Deviation of 2.88, downside deviation of 3.81, and Risk Adjusted Performance of 0.0181 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Continental Aktiengesellscha has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, 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. Continental Aktiengesellscha right now shows a risk of 4.04%. Please confirm Continental Aktiengesellscha total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Continental Aktiengesellscha will be following its price patterns.
Auto-correlation | 0.63 |
Good predictability
Continental Aktiengesellschaft has good predictability. Overlapping area represents the amount of predictability between Continental Aktiengesellscha time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 0.63 indicates that roughly 63.0% of current Continental Aktiengesellscha price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 3.16 |
Continental Aktiengesellscha lagged returns against current returns
Autocorrelation, which is Continental Aktiengesellscha pink sheet'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 pink sheet 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 pink sheet 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Continental Aktiengesellscha pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Continental Aktiengesellscha pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Continental Aktiengesellschaft.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Continental Pink Sheet
Continental Aktiengesellscha financial ratios help investors to determine whether Continental Pink Sheet 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 Continental with respect to the benefits of owning Continental Aktiengesellscha security.