CTS Eventim (Germany) Market Value
| EVD Stock | EUR 82.80 1.05 1.28% |
| Symbol | CTS |
CTS Eventim '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 CTS Eventim'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 CTS Eventim.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in CTS Eventim on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding CTS Eventim AG or generate 0.0% return on investment in CTS Eventim over 210 days. CTS Eventim is related to or competes with Xinhua Winshare, CHINA EDUCATION, Grand Canyon, STRAYER EDUCATION, CAREER EDUCATION, and MAVEN WIRELESS. It operates in two segments, Ticketing and Live Entertainment More
CTS Eventim 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 CTS Eventim'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 CTS Eventim AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.11 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.2 |
CTS Eventim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTS Eventim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CTS Eventim's standard deviation. In reality, there are many statistical measures that can use CTS Eventim historical prices to predict the future CTS Eventim's volatility.| Risk Adjusted Performance | 0.0021 | |||
| Jensen Alpha | 0.082 | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.0263 |
CTS Eventim AG Backtested Returns
CTS Eventim AG secures Sharpe Ratio (or Efficiency) of -0.0128, which signifies that the company had a -0.0128% return per unit of volatility over the last 3 months. CTS Eventim AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CTS Eventim's risk adjusted performance of 0.0021, and Mean Deviation of 1.31 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.81, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CTS Eventim are expected to decrease at a much lower rate. During the bear market, CTS Eventim is likely to outperform the market. At this point, CTS Eventim AG has a negative expected return of -0.0263%. Please make sure to confirm CTS Eventim's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if CTS Eventim AG performance from the past will be repeated at future time.
Auto-correlation | -0.38 |
Poor reverse predictability
CTS Eventim AG has poor reverse predictability. Overlapping area represents the amount of predictability between CTS Eventim time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 CTS Eventim AG price movement. The serial correlation of -0.38 indicates that just about 38.0% of current CTS Eventim price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 32.83 |
CTS Eventim AG lagged returns against current returns
Autocorrelation, which is CTS Eventim 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 CTS Eventim's stock expected returns. We can calculate the autocorrelation of CTS Eventim returns to help us make a trade decision. For example, suppose you find that CTS Eventim 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 |
CTS Eventim 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 CTS Eventim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CTS Eventim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CTS Eventim stock over time.
Current vs Lagged Prices |
| Timeline |
CTS Eventim Lagged Returns
When evaluating CTS Eventim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CTS Eventim stock have on its future price. CTS Eventim 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, CTS Eventim autocorrelation shows the relationship between CTS Eventim stock current value and its past values and can show if there is a momentum factor associated with investing in CTS Eventim AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CTS Stock
CTS Eventim financial ratios help investors to determine whether CTS 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 CTS with respect to the benefits of owning CTS Eventim security.