Computershare Limited Stock Market Value
| CMSQF Stock | USD 17.57 0.38 2.12% |
| Symbol | Computershare |
Computershare '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 Computershare'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 Computershare.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Computershare on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Computershare Limited or generate 0.0% return on investment in Computershare over 30 days. Computershare is related to or competes with First Tractor, Ag Growth, AmeraMex International, Arts Way, Buhler Industries, Textainer Group, and Austin Engineering. Computershare Limited provides issuer, employee share plans and voucher, business, communication and utilities, technolo... More
Computershare 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 Computershare'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 Computershare Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0402 | |||
| Maximum Drawdown | 6.43 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 1.71 |
Computershare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Computershare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Computershare's standard deviation. In reality, there are many statistical measures that can use Computershare historical prices to predict the future Computershare's volatility.| Risk Adjusted Performance | 0.0699 | |||
| Jensen Alpha | 0.1146 | |||
| Total Risk Alpha | 0.0022 | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Computershare'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.
Computershare Limited Backtested Returns
We consider Computershare very steady. Computershare Limited secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Computershare Limited, which you can use to evaluate the volatility of the firm. Please confirm Computershare's Standard Deviation of 1.03, risk adjusted performance of 0.0699, and Mean Deviation of 0.4375 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Computershare has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Computershare are expected to decrease at a much lower rate. During the bear market, Computershare is likely to outperform the market. Computershare Limited right now shows a risk of 1.06%. Please confirm Computershare Limited total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Computershare Limited will be following its price patterns.
Auto-correlation | Huge |
Perfect predictability
Computershare Limited has perfect predictability. Overlapping area represents the amount of predictability between Computershare 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 Computershare Limited price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Computershare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Computershare Limited lagged returns against current returns
Autocorrelation, which is Computershare 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 Computershare's pink sheet expected returns. We can calculate the autocorrelation of Computershare returns to help us make a trade decision. For example, suppose you find that Computershare 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 |
Computershare 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 Computershare pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Computershare pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Computershare pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Computershare Lagged Returns
When evaluating Computershare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Computershare pink sheet have on its future price. Computershare 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, Computershare autocorrelation shows the relationship between Computershare pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Computershare Limited.
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 Computershare 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, Computershare's short interest history, or implied volatility extrapolated from Computershare options trading.
Pair Trading with Computershare
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 Computershare 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 Computershare will appreciate offsetting losses from the drop in the long position's value.Moving against Computershare Pink Sheet
| 0.46 | DJT | Trump Media Technology Symbol Change | PairCorr |
| 0.43 | GRNTF | iPath Global Carbon | PairCorr |
The ability to find closely correlated positions to Computershare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Computershare 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 Computershare - 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 Computershare Limited to buy it.
The correlation of Computershare 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 Computershare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Computershare Limited 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 Computershare 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 Computershare Correlation, Computershare Volatility and Computershare Alpha and Beta module to complement your research on Computershare. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Computershare Pink Sheet analysis
When running Computershare's price analysis, check to measure Computershare'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 Computershare is operating at the current time. Most of Computershare's value examination focuses on studying past and present price action to predict the probability of Computershare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Computershare's price. Additionally, you may evaluate how the addition of Computershare to your portfolios can decrease your overall portfolio volatility.
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Computershare 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.