Continental Ag Pk Stock Market Value
| CTTAY Stock | USD 6.28 0.23 3.53% |
| Symbol | Continental |
Continental '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'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.
| 05/15/2024 |
| 06/14/2024 |
If you would invest 0.00 in Continental on May 15, 2024 and sell it all today you would earn a total of 0.00 from holding Continental AG PK or generate 0.0% return on investment in Continental over 30 days. Continental is related to or competes with SCOR PK, Morningstar Unconstrained, Via Renewables, Knife River, 70082LAB3, Ampleforth, and First Physicians. Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and ... More
Continental 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'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 AG PK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.69 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.0 |
Continental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Continental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Continental's standard deviation. In reality, there are many statistical measures that can use Continental historical prices to predict the future Continental's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Continental'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.
Continental AG PK Backtested Returns
Continental AG PK secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Continental AG PK exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Continental's Risk Adjusted Performance of (0.07), standard deviation of 1.44, and Mean Deviation of 1.11 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.11, which signifies a somewhat significant risk relative to the market. Continental returns are very sensitive to returns on the market. As the market goes up or down, Continental is expected to follow. At this point, Continental AG PK has a negative expected return of -0.16%. Please make sure to confirm Continental's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Continental AG PK performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Continental AG PK has modest predictability. Overlapping area represents the amount of predictability between Continental time series from 15th of May 2024 to 30th of May 2024 and 30th of May 2024 to 14th of June 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 AG PK price movement. The serial correlation of 0.53 indicates that about 53.0% of current Continental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Continental AG PK lagged returns against current returns
Autocorrelation, which is Continental 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's pink sheet expected returns. We can calculate the autocorrelation of Continental returns to help us make a trade decision. For example, suppose you find that Continental 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Continental 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 pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Continental Lagged Returns
When evaluating Continental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Continental pink sheet have on its future price. Continental 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 autocorrelation shows the relationship between Continental pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Continental AG PK.
Regressed Prices |
| Timeline |
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Additional Tools for Continental Pink Sheet Analysis
When running Continental's price analysis, check to measure Continental'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 Continental is operating at the current time. Most of Continental's value examination focuses on studying past and present price action to predict the probability of Continental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Continental's price. Additionally, you may evaluate how the addition of Continental to your portfolios can decrease your overall portfolio volatility.