Consultatio (Argentina) Market Value
| CTIO Stock | ARS 1,650 81.50 4.71% |
| Symbol | Consultatio |
Consultatio '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 Consultatio'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 Consultatio.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Consultatio on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Consultatio SA or generate 0.0% return on investment in Consultatio over 30 days. Consultatio is related to or competes with Telecom Argentina, Compania, and Harmony Gold. Consultatio S.A. engages in the real estate development business in Argentina and internationally More
Consultatio 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 Consultatio'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 Consultatio SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 18.26 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 8.85 |
Consultatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Consultatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consultatio's standard deviation. In reality, there are many statistical measures that can use Consultatio historical prices to predict the future Consultatio's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Consultatio'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.
Consultatio SA Backtested Returns
Consultatio SA secures Sharpe Ratio (or Efficiency) of -0.0551, which signifies that the company had a -0.0551% return per unit of risk over the last 3 months. Consultatio SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Consultatio's Risk Adjusted Performance of (0.02), mean deviation of 3.07, and Standard Deviation of 3.97 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.16, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Consultatio will likely underperform. Consultatio SA has an expected return of -0.22%. Please make sure to confirm Consultatio SA maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Consultatio SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Consultatio SA has below average predictability. Overlapping area represents the amount of predictability between Consultatio time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Consultatio SA price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Consultatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 3039.78 |
Consultatio SA lagged returns against current returns
Autocorrelation, which is Consultatio 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 Consultatio's stock expected returns. We can calculate the autocorrelation of Consultatio returns to help us make a trade decision. For example, suppose you find that Consultatio 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 |
Consultatio 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 Consultatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consultatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consultatio stock over time.
Current vs Lagged Prices |
| Timeline |
Consultatio Lagged Returns
When evaluating Consultatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consultatio stock have on its future price. Consultatio 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, Consultatio autocorrelation shows the relationship between Consultatio stock current value and its past values and can show if there is a momentum factor associated with investing in Consultatio SA.
Regressed Prices |
| Timeline |
Pair Trading with Consultatio
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 Consultatio 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 Consultatio will appreciate offsetting losses from the drop in the long position's value.Moving together with Consultatio Stock
| 0.79 | BBD | Banco Bradesco DRC | PairCorr |
The ability to find closely correlated positions to Consultatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consultatio 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 Consultatio - 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 Consultatio SA to buy it.
The correlation of Consultatio 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 Consultatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consultatio SA 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 Consultatio 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 Consultatio Correlation, Consultatio Volatility and Consultatio Alpha and Beta module to complement your research on Consultatio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Consultatio Stock analysis
When running Consultatio's price analysis, check to measure Consultatio'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 Consultatio is operating at the current time. Most of Consultatio's value examination focuses on studying past and present price action to predict the probability of Consultatio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consultatio's price. Additionally, you may evaluate how the addition of Consultatio to your portfolios can decrease your overall portfolio volatility.
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Consultatio 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.