CODERE ONLINE (Germany) Market Value
| J9T Stock | 7.10 0.05 0.70% |
| Symbol | CODERE |
CODERE ONLINE '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 CODERE ONLINE'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 CODERE ONLINE.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in CODERE ONLINE on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding CODERE ONLINE LUX or generate 0.0% return on investment in CODERE ONLINE over 240 days. CODERE ONLINE is related to or competes with Adtalem Global, BW OFFSHORE, DeVry Education, Strategic Education, SOLSTAD OFFSHORE, and CVW CLEANTECH. More
CODERE ONLINE 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 CODERE ONLINE'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 CODERE ONLINE LUX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 20.65 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.5 |
CODERE ONLINE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CODERE ONLINE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CODERE ONLINE's standard deviation. In reality, there are many statistical measures that can use CODERE ONLINE historical prices to predict the future CODERE ONLINE's volatility.| Risk Adjusted Performance | 0.033 | |||
| Jensen Alpha | 0.027 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1959 |
CODERE ONLINE LUX Backtested Returns
At this point, CODERE ONLINE is slightly risky. CODERE ONLINE LUX secures Sharpe Ratio (or Efficiency) of 0.043, which signifies that the company had a 0.043% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CODERE ONLINE LUX, which you can use to evaluate the volatility of the firm. Please confirm CODERE ONLINE's Mean Deviation of 1.61, downside deviation of 2.87, and Risk Adjusted Performance of 0.033 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. CODERE ONLINE has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CODERE ONLINE's returns are expected to increase less than the market. However, during the bear market, the loss of holding CODERE ONLINE is expected to be smaller as well. CODERE ONLINE LUX at this time shows a risk of 2.59%. Please confirm CODERE ONLINE LUX downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to decide if CODERE ONLINE LUX will be following its price patterns.
Auto-correlation | 0.15 |
Insignificant predictability
CODERE ONLINE LUX has insignificant predictability. Overlapping area represents the amount of predictability between CODERE ONLINE time series from 6th of April 2024 to 4th of August 2024 and 4th 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 CODERE ONLINE LUX price movement. The serial correlation of 0.15 indicates that less than 15.0% of current CODERE ONLINE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
CODERE ONLINE LUX lagged returns against current returns
Autocorrelation, which is CODERE ONLINE 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 CODERE ONLINE's stock expected returns. We can calculate the autocorrelation of CODERE ONLINE returns to help us make a trade decision. For example, suppose you find that CODERE ONLINE 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 |
CODERE ONLINE 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 CODERE ONLINE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CODERE ONLINE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CODERE ONLINE stock over time.
Current vs Lagged Prices |
| Timeline |
CODERE ONLINE Lagged Returns
When evaluating CODERE ONLINE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CODERE ONLINE stock have on its future price. CODERE ONLINE 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, CODERE ONLINE autocorrelation shows the relationship between CODERE ONLINE stock current value and its past values and can show if there is a momentum factor associated with investing in CODERE ONLINE LUX.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CODERE Stock
CODERE ONLINE financial ratios help investors to determine whether CODERE 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 CODERE with respect to the benefits of owning CODERE ONLINE security.