Compagnie Financire Richemont Stock Market Value
| CFRHF Stock | USD 139.55 1.05 0.75% |
| Symbol | Compagnie |
Compagnie Financire '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 Compagnie Financire'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 Compagnie Financire.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in Compagnie Financire on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Compagnie Financire Richemont or generate 0.0% return on investment in Compagnie Financire over 60 days. Compagnie Financire is related to or competes with Christian Dior, Kering SA, Prada SpA, Compagnie Financiere, Burberry Group, Swatch Group, and Prada Spa. Compagnie Financire Richemont SA engages in the luxury goods business in Europe, the Middle East, Africa, Asia, and the ... More
Compagnie Financire 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 Compagnie Financire'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 Compagnie Financire Richemont upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.0566 | |||
| Maximum Drawdown | 16.09 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.87 |
Compagnie Financire Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compagnie Financire's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compagnie Financire's standard deviation. In reality, there are many statistical measures that can use Compagnie Financire historical prices to predict the future Compagnie Financire's volatility.| Risk Adjusted Performance | 0.0616 | |||
| Jensen Alpha | 0.106 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0586 | |||
| Treynor Ratio | 0.1402 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compagnie Financire'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.
Compagnie Financire Backtested Returns
We consider Compagnie Financire very steady. Compagnie Financire secures Sharpe Ratio (or Efficiency) of 0.0458, which signifies that the company had a 0.0458% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Compagnie Financire Richemont, which you can use to evaluate the volatility of the firm. Please confirm Compagnie Financire's Risk Adjusted Performance of 0.0616, mean deviation of 1.25, and Downside Deviation of 2.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.0793%. Compagnie Financire has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.3, 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, Compagnie Financire will likely underperform. Compagnie Financire right now shows a risk of 1.73%. Please confirm Compagnie Financire jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Compagnie Financire will be following its price patterns.
Auto-correlation | -0.4 |
Poor reverse predictability
Compagnie Financire Richemont has poor reverse predictability. Overlapping area represents the amount of predictability between Compagnie Financire time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th 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 Compagnie Financire price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Compagnie Financire price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 18.9 |
Compagnie Financire lagged returns against current returns
Autocorrelation, which is Compagnie Financire 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 Compagnie Financire's pink sheet expected returns. We can calculate the autocorrelation of Compagnie Financire returns to help us make a trade decision. For example, suppose you find that Compagnie Financire 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 |
Compagnie Financire 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 Compagnie Financire pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compagnie Financire pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compagnie Financire pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Compagnie Financire Lagged Returns
When evaluating Compagnie Financire's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compagnie Financire pink sheet have on its future price. Compagnie Financire 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, Compagnie Financire autocorrelation shows the relationship between Compagnie Financire pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Compagnie Financire Richemont.
Regressed Prices |
| Timeline |
Pair Trading with Compagnie Financire
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 Compagnie Financire 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 Compagnie Financire will appreciate offsetting losses from the drop in the long position's value.Moving together with Compagnie Pink Sheet
| 0.92 | LVMHF | LVMH Mot Hennessy | PairCorr |
| 0.7 | HESAY | Hermes International Earnings Call This Week | PairCorr |
| 0.66 | HESAF | Hermes International SCA | PairCorr |
| 0.91 | CHDRY | Christian Dior SE | PairCorr |
| 0.75 | CHDRF | Christian Dior SE | PairCorr |
The ability to find closely correlated positions to Compagnie Financire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compagnie Financire 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 Compagnie Financire - 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 Compagnie Financire Richemont to buy it.
The correlation of Compagnie Financire 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 Compagnie Financire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compagnie Financire 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 Compagnie Financire 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 Compagnie Financire Correlation, Compagnie Financire Volatility and Compagnie Financire Alpha and Beta module to complement your research on Compagnie Financire. Note that the Compagnie Financire information on this page should be used as a complementary analysis to other Compagnie Financire's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Compagnie Pink Sheet analysis
When running Compagnie Financire's price analysis, check to measure Compagnie Financire'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 Compagnie Financire is operating at the current time. Most of Compagnie Financire's value examination focuses on studying past and present price action to predict the probability of Compagnie Financire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compagnie Financire's price. Additionally, you may evaluate how the addition of Compagnie Financire to your portfolios can decrease your overall portfolio volatility.
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Compagnie Financire technical pink sheet 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, pink sheet market cycles, or different charting patterns.