Charter Communications (Brazil) Market Value
| CHCM34 Stock | BRL 23.21 0.17 0.73% |
| Symbol | Charter |
Charter Communications '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 Charter Communications' 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 Charter Communications.
| 04/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in Charter Communications on April 23, 2024 and sell it all today you would earn a total of 0.00 from holding Charter Communications or generate 0.0% return on investment in Charter Communications over 30 days. Charter Communications is related to or competes with Fras Le, BTG Pactual, Procter Gamble, and FirstEnergy Corp. Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and com... More
Charter Communications 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 Charter Communications' 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 Charter Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.09 |
Charter Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Charter Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Charter Communications' standard deviation. In reality, there are many statistical measures that can use Charter Communications historical prices to predict the future Charter Communications' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.3467 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Charter Communications' 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.
Charter Communications Backtested Returns
Charter Communications secures Sharpe Ratio (or Efficiency) of -0.053, which signifies that the company had a -0.053% return per unit of standard deviation over the last 3 months. Charter Communications exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Charter Communications' risk adjusted performance of (0.01), and Mean Deviation of 1.46 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Charter Communications are expected to decrease at a much lower rate. During the bear market, Charter Communications is likely to outperform the market. Charter Communications has an expected return of -0.097%. Please make sure to confirm Charter Communications coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Charter Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Charter Communications has poor reverse predictability. Overlapping area represents the amount of predictability between Charter Communications time series from 23rd of April 2024 to 8th of May 2024 and 8th of May 2024 to 23rd 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 Charter Communications price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Charter Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Charter Communications lagged returns against current returns
Autocorrelation, which is Charter Communications 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 Charter Communications' stock expected returns. We can calculate the autocorrelation of Charter Communications returns to help us make a trade decision. For example, suppose you find that Charter Communications 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 |
Charter Communications 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 Charter Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Charter Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Charter Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Charter Communications Lagged Returns
When evaluating Charter Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Charter Communications stock have on its future price. Charter Communications 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, Charter Communications autocorrelation shows the relationship between Charter Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Charter Communications.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Charter Communications is a strong investment it is important to analyze Charter Communications' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Charter Communications' future performance. For an informed investment choice regarding Charter Stock, refer to the following important reports:Check out Charter Communications Correlation, Charter Communications Volatility and Charter Communications Alpha and Beta module to complement your research on Charter Communications. For information on how to trade Charter Stock refer to our How to Trade Charter Stock guide.Note that the Charter Communications information on this page should be used as a complementary analysis to other Charter Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Charter Stock analysis
When running Charter Communications' price analysis, check to measure Charter Communications' 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 Charter Communications is operating at the current time. Most of Charter Communications' value examination focuses on studying past and present price action to predict the probability of Charter Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Charter Communications' price. Additionally, you may evaluate how the addition of Charter Communications to your portfolios can decrease your overall portfolio volatility.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |
Charter Communications 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.