Inmobiliaria Colonial (Spain) Market Value
COL Stock | EUR 5.49 0.06 1.10% |
Symbol | Inmobiliaria |
Inmobiliaria Colonial '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 Inmobiliaria Colonial'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 Inmobiliaria Colonial.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Inmobiliaria Colonial on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Inmobiliaria Colonial SA or generate 0.0% return on investment in Inmobiliaria Colonial over 30 days. Inmobiliaria Colonial is related to or competes with Banco Santander, Airbus Group, Prosegur, ACS Actividades, Telefonica, Industria, and International Consolidated. Colonial is a Spanish listed REIT company , leader in the European Prime office market with presence in the main busines... More
Inmobiliaria Colonial 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 Inmobiliaria Colonial'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 Inmobiliaria Colonial SA upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.28) | |||
Maximum Drawdown | 7.64 | |||
Value At Risk | (2.68) | |||
Potential Upside | 1.71 |
Inmobiliaria Colonial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Inmobiliaria Colonial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Inmobiliaria Colonial's standard deviation. In reality, there are many statistical measures that can use Inmobiliaria Colonial historical prices to predict the future Inmobiliaria Colonial's volatility.Risk Adjusted Performance | (0.1) | |||
Jensen Alpha | (0.39) | |||
Total Risk Alpha | (0.61) | |||
Treynor Ratio | (0.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Inmobiliaria Colonial'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.
Inmobiliaria Colonial Backtested Returns
Inmobiliaria Colonial holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Inmobiliaria Colonial exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Inmobiliaria Colonial's Market Risk Adjusted Performance of (0.34), risk adjusted performance of (0.1), and Standard Deviation of 1.46 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.82, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Inmobiliaria Colonial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Inmobiliaria Colonial is expected to be smaller as well. Inmobiliaria Colonial has an expected return of -0.29%. Please make sure to check out Inmobiliaria Colonial jensen alpha, potential upside, daily balance of power, as well as the relationship between the treynor ratio and kurtosis , to decide if Inmobiliaria Colonial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Inmobiliaria Colonial SA has average predictability. Overlapping area represents the amount of predictability between Inmobiliaria Colonial time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Inmobiliaria Colonial price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Inmobiliaria Colonial price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.43 | |
Spearman Rank Test | 0.36 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Inmobiliaria Colonial lagged returns against current returns
Autocorrelation, which is Inmobiliaria Colonial 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 Inmobiliaria Colonial's stock expected returns. We can calculate the autocorrelation of Inmobiliaria Colonial returns to help us make a trade decision. For example, suppose you find that Inmobiliaria Colonial 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 |
Inmobiliaria Colonial 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 Inmobiliaria Colonial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Inmobiliaria Colonial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Inmobiliaria Colonial stock over time.
Current vs Lagged Prices |
Timeline |
Inmobiliaria Colonial Lagged Returns
When evaluating Inmobiliaria Colonial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Inmobiliaria Colonial stock have on its future price. Inmobiliaria Colonial 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, Inmobiliaria Colonial autocorrelation shows the relationship between Inmobiliaria Colonial stock current value and its past values and can show if there is a momentum factor associated with investing in Inmobiliaria Colonial SA.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Inmobiliaria Colonial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Inmobiliaria Colonial's short interest history, or implied volatility extrapolated from Inmobiliaria Colonial options trading.
Pair Trading with Inmobiliaria Colonial
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 Inmobiliaria Colonial 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 Inmobiliaria Colonial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Inmobiliaria Colonial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inmobiliaria Colonial 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 Inmobiliaria Colonial - 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 Inmobiliaria Colonial SA to buy it.
The correlation of Inmobiliaria Colonial 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 Inmobiliaria Colonial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inmobiliaria Colonial 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 Inmobiliaria Colonial 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 Inmobiliaria Colonial Correlation, Inmobiliaria Colonial Volatility and Inmobiliaria Colonial Alpha and Beta module to complement your research on Inmobiliaria Colonial. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Inmobiliaria Stock analysis
When running Inmobiliaria Colonial's price analysis, check to measure Inmobiliaria Colonial'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 Inmobiliaria Colonial is operating at the current time. Most of Inmobiliaria Colonial's value examination focuses on studying past and present price action to predict the probability of Inmobiliaria Colonial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inmobiliaria Colonial's price. Additionally, you may evaluate how the addition of Inmobiliaria Colonial to your portfolios can decrease your overall portfolio volatility.
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Inmobiliaria Colonial technical stock 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, stock market cycles, or different charting patterns.