Chimera Investment Preferred Stock Market Value
CIM-PB Preferred Stock | USD 24.60 0.09 0.37% |
Symbol | Chimera |
Chimera Investment '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 Chimera Investment's preferred 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 Chimera Investment.
03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Chimera Investment on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Chimera Investment or generate 0.0% return on investment in Chimera Investment over 30 days. Chimera Investment is related to or competes with AGNC Investment, Annaly Capital, AGNC Investment, New York, Annaly Capital, AGNC Investment, and AGNC Investment. Chimera Investment Corporation operates as a real estate investment trust in the United States More
Chimera Investment 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 Chimera Investment's preferred 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 Chimera Investment upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.4542 | |||
Information Ratio | 0.0012 | |||
Maximum Drawdown | 2.27 | |||
Value At Risk | (0.72) | |||
Potential Upside | 1.07 |
Chimera Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chimera Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chimera Investment's standard deviation. In reality, there are many statistical measures that can use Chimera Investment historical prices to predict the future Chimera Investment's volatility.Risk Adjusted Performance | 0.1027 | |||
Jensen Alpha | 0.0561 | |||
Total Risk Alpha | 0.0116 | |||
Sortino Ratio | 0.0014 | |||
Treynor Ratio | 0.2659 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chimera Investment'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.
Chimera Investment Backtested Returns
We consider Chimera Investment very steady. Chimera Investment 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. We have found twenty-eight technical indicators for Chimera Investment, which you can use to evaluate the volatility of the firm. Please confirm Chimera Investment's Downside Deviation of 0.4542, mean deviation of 0.4188, and Risk Adjusted Performance of 0.1027 to double-check if the risk estimate we provide is consistent with the expected return of 0.0804%. Chimera Investment has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chimera Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chimera Investment is expected to be smaller as well. Chimera Investment right now shows a risk of 0.53%. Please confirm Chimera Investment information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Chimera Investment will be following its price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Chimera Investment has poor reverse predictability. Overlapping area represents the amount of predictability between Chimera Investment time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Chimera Investment price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Chimera Investment price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.37 | |
Spearman Rank Test | -0.37 | |
Residual Average | 0.0 | |
Price Variance | 0.03 |
Chimera Investment lagged returns against current returns
Autocorrelation, which is Chimera Investment preferred 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 Chimera Investment's preferred stock expected returns. We can calculate the autocorrelation of Chimera Investment returns to help us make a trade decision. For example, suppose you find that Chimera Investment has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Chimera Investment 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 Chimera Investment preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chimera Investment preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chimera Investment preferred stock over time.
Current vs Lagged Prices |
Timeline |
Chimera Investment Lagged Returns
When evaluating Chimera Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chimera Investment preferred stock have on its future price. Chimera Investment 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, Chimera Investment autocorrelation shows the relationship between Chimera Investment preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Chimera Investment.
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 Chimera Investment 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, Chimera Investment's short interest history, or implied volatility extrapolated from Chimera Investment options trading.
Pair Trading with Chimera Investment
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 Chimera Investment 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 Chimera Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Chimera Preferred Stock
0.85 | MITT-PA | AG Mortgage Investment | PairCorr |
0.77 | MITT-PB | AG Mortgage Investment | PairCorr |
0.86 | MITT-PC | AG Mortgage Investment | PairCorr |
0.9 | NREF-PA | NexPoint Real Estate | PairCorr |
Moving against Chimera Preferred Stock
0.84 | ECRO | Ecc Cap Corp | PairCorr |
0.73 | GPMT | Granite Point Mortgage Financial Report 14th of May 2024 | PairCorr |
0.58 | MRTI | Maxus Realty Trust | PairCorr |
0.52 | KREF | KKR Real Estate Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Chimera Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chimera Investment 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 Chimera Investment - 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 Chimera Investment to buy it.
The correlation of Chimera Investment 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 Chimera Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chimera Investment 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 Chimera Investment 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 Chimera Investment Correlation, Chimera Investment Volatility and Chimera Investment Alpha and Beta module to complement your research on Chimera Investment. For information on how to trade Chimera Preferred Stock refer to our How to Trade Chimera Preferred Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Chimera Preferred Stock analysis
When running Chimera Investment's price analysis, check to measure Chimera Investment'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 Chimera Investment is operating at the current time. Most of Chimera Investment's value examination focuses on studying past and present price action to predict the probability of Chimera Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chimera Investment's price. Additionally, you may evaluate how the addition of Chimera Investment to your portfolios can decrease your overall portfolio volatility.
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Chimera Investment technical preferred 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, preferred stock market cycles, or different charting patterns.