Cematrix Stock Market Value
| CVX Stock | CAD 0.39 0.02 4.88% |
| Symbol | Cematrix |
Cematrix Price To Book Ratio
Cematrix '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 Cematrix'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 Cematrix.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Cematrix on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Cematrix or generate 0.0% return on investment in Cematrix over 90 days. Cematrix is related to or competes with Gatekeeper Systems, and UGE International. CEMATRIX Corporation, through its subsidiaries, manufactures and supplies cellular concrete products for various applica... More
Cematrix 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 Cematrix'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 Cematrix upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.73 | |||
| Information Ratio | 0.139 | |||
| Maximum Drawdown | 16.06 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 8.82 |
Cematrix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cematrix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cematrix's standard deviation. In reality, there are many statistical measures that can use Cematrix historical prices to predict the future Cematrix's volatility.| Risk Adjusted Performance | 0.1118 | |||
| Jensen Alpha | 0.5003 | |||
| Total Risk Alpha | 0.0931 | |||
| Sortino Ratio | 0.1316 | |||
| Treynor Ratio | 0.6509 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cematrix'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.
Cematrix Backtested Returns
Cematrix appears to be abnormally volatile, given 3 months investment horizon. Cematrix secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cematrix, which you can use to evaluate the volatility of the firm. Please makes use of Cematrix's Mean Deviation of 2.52, downside deviation of 3.73, and Risk Adjusted Performance of 0.1118 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cematrix holds a performance score of 9. The firm shows a Beta (market volatility) of 0.88, which signifies possible diversification benefits within a given portfolio. Cematrix returns are very sensitive to returns on the market. As the market goes up or down, Cematrix is expected to follow. Please check Cematrix's sortino ratio and the relationship between the downside variance and price action indicator , to make a quick decision on whether Cematrix's price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Cematrix has very weak reverse predictability. Overlapping area represents the amount of predictability between Cematrix time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Cematrix price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Cematrix price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cematrix lagged returns against current returns
Autocorrelation, which is Cematrix 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 Cematrix's stock expected returns. We can calculate the autocorrelation of Cematrix returns to help us make a trade decision. For example, suppose you find that Cematrix 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 |
Cematrix 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 Cematrix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cematrix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cematrix stock over time.
Current vs Lagged Prices |
| Timeline |
Cematrix Lagged Returns
When evaluating Cematrix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cematrix stock have on its future price. Cematrix 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, Cematrix autocorrelation shows the relationship between Cematrix stock current value and its past values and can show if there is a momentum factor associated with investing in Cematrix.
Regressed Prices |
| Timeline |
Check out Cematrix Correlation, Cematrix Volatility and Cematrix Alpha and Beta module to complement your research on Cematrix. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Cematrix Stock analysis
When running Cematrix's price analysis, check to measure Cematrix'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 Cematrix is operating at the current time. Most of Cematrix's value examination focuses on studying past and present price action to predict the probability of Cematrix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cematrix's price. Additionally, you may evaluate how the addition of Cematrix to your portfolios can decrease your overall portfolio volatility.
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Cematrix 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.