Cofinimmo (Belgium) Market Value
| COFB Stock | EUR 65.00 1.60 2.52% |
| Symbol | Cofinimmo |
Cofinimmo '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 Cofinimmo'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 Cofinimmo.
| 05/09/2023 |
| 05/03/2024 |
If you would invest 0.00 in Cofinimmo on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Cofinimmo SA or generate 0.0% return on investment in Cofinimmo over 360 days. Cofinimmo is related to or competes with Aedifica, Xior Student, VGP NV, and Warehouses. Cofinimmo has been acquiring, developing and managing rental properties for over 35 years More
Cofinimmo 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 Cofinimmo'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 Cofinimmo SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.96 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.1 |
Cofinimmo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cofinimmo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cofinimmo's standard deviation. In reality, there are many statistical measures that can use Cofinimmo historical prices to predict the future Cofinimmo's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.179 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cofinimmo'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.
Cofinimmo SA Backtested Returns
We consider Cofinimmo very steady. Cofinimmo SA secures Sharpe Ratio (or Efficiency) of 0.0121, which signifies that the company had a 0.0121% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Cofinimmo SA, which you can use to evaluate the volatility of the firm. Please confirm Cofinimmo's mean deviation of 1.04, and Risk Adjusted Performance of (0.03) to double-check if the risk estimate we provide is consistent with the expected return of 0.016%. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cofinimmo are expected to decrease at a much lower rate. During the bear market, Cofinimmo is likely to outperform the market. Cofinimmo SA right now shows a risk of 1.32%. Please confirm Cofinimmo SA jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Cofinimmo SA will be following its price patterns.
Auto-correlation | 0.24 |
Weak predictability
Cofinimmo SA has weak predictability. Overlapping area represents the amount of predictability between Cofinimmo time series from 9th of May 2023 to 5th of November 2023 and 5th of November 2023 to 3rd of May 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 Cofinimmo SA price movement. The serial correlation of 0.24 indicates that over 24.0% of current Cofinimmo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 18.4 |
Cofinimmo SA lagged returns against current returns
Autocorrelation, which is Cofinimmo 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 Cofinimmo's stock expected returns. We can calculate the autocorrelation of Cofinimmo returns to help us make a trade decision. For example, suppose you find that Cofinimmo 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 |
Cofinimmo 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 Cofinimmo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cofinimmo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cofinimmo stock over time.
Current vs Lagged Prices |
| Timeline |
Cofinimmo Lagged Returns
When evaluating Cofinimmo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cofinimmo stock have on its future price. Cofinimmo 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, Cofinimmo autocorrelation shows the relationship between Cofinimmo stock current value and its past values and can show if there is a momentum factor associated with investing in Cofinimmo 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 Cofinimmo 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, Cofinimmo's short interest history, or implied volatility extrapolated from Cofinimmo options trading.
Pair Trading with Cofinimmo
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 Cofinimmo 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 Cofinimmo will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cofinimmo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cofinimmo 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 Cofinimmo - 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 Cofinimmo SA to buy it.
The correlation of Cofinimmo 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 Cofinimmo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cofinimmo SA 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 Cofinimmo 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 Cofinimmo Correlation, Cofinimmo Volatility and Cofinimmo Alpha and Beta module to complement your research on Cofinimmo. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Cofinimmo Stock analysis
When running Cofinimmo's price analysis, check to measure Cofinimmo'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 Cofinimmo is operating at the current time. Most of Cofinimmo's value examination focuses on studying past and present price action to predict the probability of Cofinimmo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cofinimmo's price. Additionally, you may evaluate how the addition of Cofinimmo to your portfolios can decrease your overall portfolio volatility.
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Cofinimmo 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.