Csl Stock Market Value
| CSLLY Stock | USD 86.82 0.10 0.12% |
| Symbol | CSL |
CSL '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 CSL'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 CSL.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in CSL on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding CSL or generate 0.0% return on investment in CSL over 30 days. CSL is related to or competes with Covalon Technologies, and Ceapro. CSL Limited researches, develops, manufactures, markets, and distributes biopharmaceutical and allied products in Austra... More
CSL 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 CSL'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 CSL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.32 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.45 |
CSL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSL's standard deviation. In reality, there are many statistical measures that can use CSL historical prices to predict the future CSL's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CSL'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.
CSL Backtested Returns
CSL secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of return volatility over the last 3 months. CSL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CSL's Coefficient Of Variation of (1,307), mean deviation of 0.8659, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CSL's returns are expected to increase less than the market. However, during the bear market, the loss of holding CSL is expected to be smaller as well. CSL has an expected return of -0.15%. Please make sure to confirm CSL standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if CSL performance from the past will be repeated at future time.
Auto-correlation | 0.25 |
Poor predictability
CSL has poor predictability. Overlapping area represents the amount of predictability between CSL 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 CSL price movement. The serial correlation of 0.25 indicates that over 25.0% of current CSL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 5.52 |
CSL lagged returns against current returns
Autocorrelation, which is CSL 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 CSL's pink sheet expected returns. We can calculate the autocorrelation of CSL returns to help us make a trade decision. For example, suppose you find that CSL 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 |
CSL 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 CSL pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSL pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSL pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CSL Lagged Returns
When evaluating CSL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSL pink sheet have on its future price. CSL 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, CSL autocorrelation shows the relationship between CSL pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CSL.
Regressed Prices |
| Timeline |
Pair Trading with CSL
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 CSL 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 CSL will appreciate offsetting losses from the drop in the long position's value.Moving together with CSL Pink Sheet
| 0.88 | CMXHF | CSL Limited | PairCorr |
| 0.63 | VRTX | Vertex Pharmaceuticals Financial Report 6th of May 2024 | PairCorr |
Moving against CSL Pink Sheet
| 0.57 | SGEN | Seagen Inc Earnings Call This Week | PairCorr |
| 0.56 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.48 | NVO | Novo Nordisk AS Financial Report 2nd of May 2024 | PairCorr |
| 0.48 | TSM | Taiwan Semiconductor Financial Report 18th of July 2024 | PairCorr |
| 0.46 | NONOF | Novo Nordisk AS | PairCorr |
The ability to find closely correlated positions to CSL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CSL 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 CSL - 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 CSL to buy it.
The correlation of CSL 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 CSL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CSL 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 CSL 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 CSL Correlation, CSL Volatility and CSL Alpha and Beta module to complement your research on CSL. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for CSL Pink Sheet analysis
When running CSL's price analysis, check to measure CSL'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 CSL is operating at the current time. Most of CSL's value examination focuses on studying past and present price action to predict the probability of CSL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSL's price. Additionally, you may evaluate how the addition of CSL to your portfolios can decrease your overall portfolio volatility.
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CSL 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.