COFFEE HOLDING (Germany) Market Value
| E6U Stock | 1.20 0.01 0.84% |
| Symbol | COFFEE |
COFFEE HOLDING '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 COFFEE HOLDING'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 COFFEE HOLDING.
| 05/08/2024 |
| 06/07/2024 |
If you would invest 0.00 in COFFEE HOLDING on May 8, 2024 and sell it all today you would earn a total of 0.00 from holding COFFEE HOLDING or generate 0.0% return on investment in COFFEE HOLDING over 30 days. COFFEE HOLDING is related to or competes with Apple, Apple, Apple, Microsoft, Microsoft, Microsoft, and Amazon. More
COFFEE HOLDING 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 COFFEE HOLDING'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 COFFEE HOLDING upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.58 | |||
| Information Ratio | 0.0122 | |||
| Maximum Drawdown | 21.38 | |||
| Value At Risk | (5.95) | |||
| Potential Upside | 7.69 |
COFFEE HOLDING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COFFEE HOLDING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COFFEE HOLDING's standard deviation. In reality, there are many statistical measures that can use COFFEE HOLDING historical prices to predict the future COFFEE HOLDING's volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0145 | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of COFFEE HOLDING'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.
COFFEE HOLDING Backtested Returns
We consider COFFEE HOLDING dangerous. COFFEE HOLDING secures Sharpe Ratio (or Efficiency) of 0.0274, which signifies that the company had a 0.0274% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for COFFEE HOLDING, which you can use to evaluate the volatility of the firm. Please confirm COFFEE HOLDING's Risk Adjusted Performance of 0.0214, downside deviation of 3.58, and Mean Deviation of 3.05 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. COFFEE HOLDING has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning COFFEE HOLDING are expected to decrease at a much lower rate. During the bear market, COFFEE HOLDING is likely to outperform the market. COFFEE HOLDING now shows a risk of 4.4%. Please confirm COFFEE HOLDING coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to decide if COFFEE HOLDING will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
COFFEE HOLDING has no correlation between past and present. Overlapping area represents the amount of predictability between COFFEE HOLDING time series from 8th of May 2024 to 23rd of May 2024 and 23rd of May 2024 to 7th 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 COFFEE HOLDING price movement. The serial correlation of 0.0 indicates that just 0.0% of current COFFEE HOLDING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
COFFEE HOLDING lagged returns against current returns
Autocorrelation, which is COFFEE HOLDING 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 COFFEE HOLDING's stock expected returns. We can calculate the autocorrelation of COFFEE HOLDING returns to help us make a trade decision. For example, suppose you find that COFFEE HOLDING 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 |
COFFEE HOLDING 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 COFFEE HOLDING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COFFEE HOLDING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COFFEE HOLDING stock over time.
Current vs Lagged Prices |
| Timeline |
COFFEE HOLDING Lagged Returns
When evaluating COFFEE HOLDING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COFFEE HOLDING stock have on its future price. COFFEE HOLDING 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, COFFEE HOLDING autocorrelation shows the relationship between COFFEE HOLDING stock current value and its past values and can show if there is a momentum factor associated with investing in COFFEE HOLDING.
Regressed Prices |
| Timeline |
Pair Trading with COFFEE HOLDING
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 COFFEE HOLDING 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 COFFEE HOLDING will appreciate offsetting losses from the drop in the long position's value.Moving against COFFEE Stock
The ability to find closely correlated positions to COFFEE HOLDING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COFFEE HOLDING 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 COFFEE HOLDING - 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 COFFEE HOLDING to buy it.
The correlation of COFFEE HOLDING 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 COFFEE HOLDING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if COFFEE HOLDING 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 COFFEE HOLDING 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.Additional Tools for COFFEE Stock Analysis
When running COFFEE HOLDING's price analysis, check to measure COFFEE HOLDING'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 COFFEE HOLDING is operating at the current time. Most of COFFEE HOLDING's value examination focuses on studying past and present price action to predict the probability of COFFEE HOLDING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move COFFEE HOLDING's price. Additionally, you may evaluate how the addition of COFFEE HOLDING to your portfolios can decrease your overall portfolio volatility.