CompuGroup Medical (Germany) Market Value
| COP Stock | 25.06 0.52 2.03% |
| Symbol | CompuGroup |
CompuGroup Medical '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 CompuGroup Medical'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 CompuGroup Medical.
| 03/16/2024 |
| 06/14/2024 |
If you would invest 0.00 in CompuGroup Medical on March 16, 2024 and sell it all today you would earn a total of 0.00 from holding CompuGroup Medical SE or generate 0.0% return on investment in CompuGroup Medical over 90 days. CompuGroup Medical is related to or competes with Evolent Health, SIVERS SEMICONDUCTORS, Reliance Steel, RYOHIN UNSPADR1, Meli Hotels, and HeidelbergCement. More
CompuGroup Medical 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 CompuGroup Medical'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 CompuGroup Medical SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.57 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 2.83 |
CompuGroup Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CompuGroup Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CompuGroup Medical's standard deviation. In reality, there are many statistical measures that can use CompuGroup Medical historical prices to predict the future CompuGroup Medical's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CompuGroup Medical'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.
CompuGroup Medical Backtested Returns
CompuGroup Medical secures Sharpe Ratio (or Efficiency) of -0.0308, which signifies that the company had a -0.0308% return per unit of risk over the last 3 months. CompuGroup Medical SE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CompuGroup Medical's Standard Deviation of 2.1, risk adjusted performance of (0.04), and Mean Deviation of 1.37 to double-check the risk estimate we provide. 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, CompuGroup Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding CompuGroup Medical is expected to be smaller as well. At this point, CompuGroup Medical has a negative expected return of -0.0663%. Please make sure to confirm CompuGroup Medical's treynor ratio, as well as the relationship between the kurtosis and day median price , to decide if CompuGroup Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
CompuGroup Medical SE has very weak predictability. Overlapping area represents the amount of predictability between CompuGroup Medical time series from 16th of March 2024 to 30th of April 2024 and 30th of April 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 CompuGroup Medical price movement. The serial correlation of 0.16 indicates that over 16.0% of current CompuGroup Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
CompuGroup Medical lagged returns against current returns
Autocorrelation, which is CompuGroup Medical 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 CompuGroup Medical's stock expected returns. We can calculate the autocorrelation of CompuGroup Medical returns to help us make a trade decision. For example, suppose you find that CompuGroup Medical 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 |
CompuGroup Medical 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 CompuGroup Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CompuGroup Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CompuGroup Medical stock over time.
Current vs Lagged Prices |
| Timeline |
CompuGroup Medical Lagged Returns
When evaluating CompuGroup Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CompuGroup Medical stock have on its future price. CompuGroup Medical 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, CompuGroup Medical autocorrelation shows the relationship between CompuGroup Medical stock current value and its past values and can show if there is a momentum factor associated with investing in CompuGroup Medical SE.
Regressed Prices |
| Timeline |
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Additional Tools for CompuGroup Stock Analysis
When running CompuGroup Medical's price analysis, check to measure CompuGroup Medical'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 CompuGroup Medical is operating at the current time. Most of CompuGroup Medical's value examination focuses on studying past and present price action to predict the probability of CompuGroup Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CompuGroup Medical's price. Additionally, you may evaluate how the addition of CompuGroup Medical to your portfolios can decrease your overall portfolio volatility.