CH HS (Germany) Market Value
BGR Stock | EUR 0.08 0 4.73% |
Symbol | BGR |
CH HS '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 CH HS'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 CH HS.
02/02/2023 |
| 03/28/2024 |
CH HS 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 CH HS'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 CH HS TRANSMIS upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.17) | |||
Maximum Drawdown | 37.69 | |||
Value At Risk | (11.11) | |||
Potential Upside | 7.14 |
CH HS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CH HS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CH HS's standard deviation. In reality, there are many statistical measures that can use CH HS historical prices to predict the future CH HS's volatility.Risk Adjusted Performance | (0.07) | |||
Jensen Alpha | (0.76) | |||
Total Risk Alpha | (2.35) | |||
Treynor Ratio | 0.6542 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CH HS'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.
CH HS TRANSMIS Backtested Returns
CH HS TRANSMIS retains Efficiency (Sharpe Ratio) of -0.17, which signifies that the company had a -0.17% return per unit of price deviation over the last 3 months. CH HS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CH HS's Market Risk Adjusted Performance of 0.6642, information ratio of (0.17), and Variance of 39.55 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -1.44, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CH HS are expected to decrease by larger amounts. On the other hand, during market turmoil, CH HS is expected to outperform it. CH HS TRANSMIS has an expected return of -1.07%. Please make sure to confirm CH HS TRANSMIS market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if CH HS TRANSMIS performance from the past will be repeated sooner or later.
Auto-correlation | 0.86 |
Very good predictability
CH HS TRANSMIS has very good predictability. Overlapping area represents the amount of predictability between CH HS time series from 2nd of February 2023 to 31st of August 2023 and 31st of August 2023 to 28th of March 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 CH HS TRANSMIS price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current CH HS price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.86 | |
Spearman Rank Test | 0.84 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
CH HS TRANSMIS lagged returns against current returns
Autocorrelation, which is CH HS 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 CH HS's stock expected returns. We can calculate the autocorrelation of CH HS returns to help us make a trade decision. For example, suppose you find that CH HS 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 |
CH HS 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 CH HS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CH HS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CH HS stock over time.
Current vs Lagged Prices |
Timeline |
CH HS Lagged Returns
When evaluating CH HS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CH HS stock have on its future price. CH HS 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, CH HS autocorrelation shows the relationship between CH HS stock current value and its past values and can show if there is a momentum factor associated with investing in CH HS TRANSMIS.
Regressed Prices |
Timeline |
Pair Trading with CH HS
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 CH HS 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 CH HS will appreciate offsetting losses from the drop in the long position's value.Moving together with BGR Stock
0.77 | APC | Apple Inc | PairCorr |
0.76 | APC | Apple Inc | PairCorr |
0.79 | APC | Apple Inc | PairCorr |
0.77 | APC | Apple Inc | PairCorr |
Moving against BGR Stock
0.82 | DBPE | Xtrackers - LevDAX | PairCorr |
0.79 | OIXA | Orix Corp Ads | PairCorr |
0.78 | OIX | ORIX | PairCorr |
0.75 | KBIA | KB Financial Group | PairCorr |
0.74 | FHL | Federal Home Loan | PairCorr |
The ability to find closely correlated positions to CH HS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CH HS 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 CH HS - 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 CH HS TRANSMIS to buy it.
The correlation of CH HS 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 CH HS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CH HS TRANSMIS 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 CH HS 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.Check out CH HS Correlation, CH HS Volatility and CH HS Alpha and Beta module to complement your research on CH HS. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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When running CH HS's price analysis, check to measure CH HS'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 CH HS is operating at the current time. Most of CH HS's value examination focuses on studying past and present price action to predict the probability of CH HS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CH HS's price. Additionally, you may evaluate how the addition of CH HS to your portfolios can decrease your overall portfolio volatility.
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CH HS technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.