Caixabank Sa Adr Stock Market Value
| CAIXY Stock | USD 1.69 0.06 3.68% |
| Symbol | Caixabank |
Caixabank '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 Caixabank'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 Caixabank.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Caixabank on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Caixabank SA ADR or generate 0.0% return on investment in Caixabank over 30 days. Caixabank is related to or competes with Permanent TSB, Bank of Botetourt, Cashmere Valley, Oak Valley, Peoples Fin, Chemung Financial, and First Business. CaixaBank, S.A., together with its subsidiaries, provides various banking products and financial services in Spain and i... More
Caixabank 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 Caixabank'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 Caixabank SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.1014 | |||
| Maximum Drawdown | 35.35 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 3.85 |
Caixabank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caixabank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caixabank's standard deviation. In reality, there are many statistical measures that can use Caixabank historical prices to predict the future Caixabank's volatility.| Risk Adjusted Performance | 0.0818 | |||
| Jensen Alpha | 0.4889 | |||
| Total Risk Alpha | 0.0845 | |||
| Sortino Ratio | 0.1234 | |||
| Treynor Ratio | (0.89) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Caixabank'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.
Caixabank SA ADR Backtested Returns
Caixabank appears to be very risky, given 3 months investment horizon. Caixabank SA ADR secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Caixabank SA ADR, which you can use to evaluate the volatility of the firm. Please makes use of Caixabank's Downside Deviation of 3.24, mean deviation of 2.01, and Risk Adjusted Performance of 0.0818 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Caixabank holds a performance score of 9. The firm shows a Beta (market volatility) of -0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Caixabank are expected to decrease at a much lower rate. During the bear market, Caixabank is likely to outperform the market. Please check Caixabank's sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Caixabank's price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Caixabank SA ADR has insignificant reverse predictability. Overlapping area represents the amount of predictability between Caixabank time series from 20th of March 2024 to 4th of April 2024 and 4th of April 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 Caixabank SA ADR price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Caixabank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Caixabank SA ADR lagged returns against current returns
Autocorrelation, which is Caixabank 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 Caixabank's pink sheet expected returns. We can calculate the autocorrelation of Caixabank returns to help us make a trade decision. For example, suppose you find that Caixabank 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 |
Caixabank 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 Caixabank pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caixabank pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caixabank pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Caixabank Lagged Returns
When evaluating Caixabank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caixabank pink sheet have on its future price. Caixabank 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, Caixabank autocorrelation shows the relationship between Caixabank pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Caixabank SA ADR.
Regressed Prices |
| Timeline |
Pair Trading with Caixabank
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 Caixabank 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 Caixabank will appreciate offsetting losses from the drop in the long position's value.Moving together with Caixabank Pink Sheet
| 0.65 | CIHKY | China Merchants Bank Normal Trading | PairCorr |
| 0.79 | CIHHF | China Merchants Bank | PairCorr |
Moving against Caixabank Pink Sheet
| 0.65 | INTC | Intel Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Caixabank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caixabank 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 Caixabank - 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 Caixabank SA ADR to buy it.
The correlation of Caixabank 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 Caixabank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caixabank SA ADR 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 Caixabank 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 Caixabank Correlation, Caixabank Volatility and Caixabank Alpha and Beta module to complement your research on Caixabank. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Caixabank Pink Sheet analysis
When running Caixabank's price analysis, check to measure Caixabank'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 Caixabank is operating at the current time. Most of Caixabank's value examination focuses on studying past and present price action to predict the probability of Caixabank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caixabank's price. Additionally, you may evaluate how the addition of Caixabank to your portfolios can decrease your overall portfolio volatility.
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Caixabank 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.