Continental Ag Pk Stock Market Value
CTTAY Stock | USD 7.22 0.09 1.26% |
Symbol | Continental |
Continental '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 Continental'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 Continental.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Continental on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Continental AG PK or generate 0.0% return on investment in Continental over 30 days. Continental is related to or competes with KB Financial, Shinhan Financial, Korea Electric, Ecopetrol, Woori Financial, Hyundai, and VinFast Auto. Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and ... More
Continental 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 Continental'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 Continental AG PK upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.23) | |||
Maximum Drawdown | 8.62 | |||
Value At Risk | (3.33) | |||
Potential Upside | 2.27 |
Continental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Continental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Continental's standard deviation. In reality, there are many statistical measures that can use Continental historical prices to predict the future Continental's volatility.Risk Adjusted Performance | (0.07) | |||
Jensen Alpha | (0.38) | |||
Total Risk Alpha | (0.57) | |||
Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Continental'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.
Continental AG PK Backtested Returns
Continental AG PK secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. Continental AG PK exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Continental's Risk Adjusted Performance of (0.07), standard deviation of 1.54, and Mean Deviation of 1.09 to double-check the risk estimate we provide. 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, Continental will likely underperform. Continental AG PK has an expected return of -0.24%. Please make sure to confirm Continental AG PK jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Continental AG PK performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Continental AG PK has average predictability. Overlapping area represents the amount of predictability between Continental 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 Continental AG PK price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Continental price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.41 | |
Spearman Rank Test | 0.53 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Continental AG PK lagged returns against current returns
Autocorrelation, which is Continental 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 Continental's pink sheet expected returns. We can calculate the autocorrelation of Continental returns to help us make a trade decision. For example, suppose you find that Continental 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 |
Continental 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 Continental pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Continental pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Continental pink sheet over time.
Current vs Lagged Prices |
Timeline |
Continental Lagged Returns
When evaluating Continental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Continental pink sheet have on its future price. Continental 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, Continental autocorrelation shows the relationship between Continental pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Continental AG PK.
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 Continental 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, Continental's short interest history, or implied volatility extrapolated from Continental options trading.
Pair Trading with Continental
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 Continental 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 Continental will appreciate offsetting losses from the drop in the long position's value.Moving against Continental Pink Sheet
0.79 | GE | General Electric Fiscal Quarter End 31st of March 2024 | PairCorr |
0.78 | JPM | JPMorgan Chase Fiscal Quarter End 31st of March 2024 | PairCorr |
0.75 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
0.74 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
0.7 | BAC | Bank Of America Aggressive Push | PairCorr |
The ability to find closely correlated positions to Continental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Continental 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 Continental - 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 Continental AG PK to buy it.
The correlation of Continental 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 Continental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Continental AG PK 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 Continental 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 Continental Correlation, Continental Volatility and Continental Alpha and Beta module to complement your research on Continental. Note that the Continental AG PK information on this page should be used as a complementary analysis to other Continental'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Continental Pink Sheet analysis
When running Continental's price analysis, check to measure Continental'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 Continental is operating at the current time. Most of Continental's value examination focuses on studying past and present price action to predict the probability of Continental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Continental's price. Additionally, you may evaluate how the addition of Continental to your portfolios can decrease your overall portfolio volatility.
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Continental 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.