Cementos Argos Sa Stock Market Value
| CMTOY Stock | USD 9.92 0.00 0.00% |
| Symbol | Cementos |
Cementos Argos '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 Cementos Argos' 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 Cementos Argos.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Cementos Argos on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Cementos Argos SA or generate 0.0% return on investment in Cementos Argos over 30 days. Cementos Argos is related to or competes with CRH PLC, Martin Marietta, Vulcan Materials, and Cemex SAB. Cementos Argos S.A. produces and markets cement, ready-mix concrete, clinker, aggregates, and related products in Colomb... More
Cementos Argos 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 Cementos Argos' 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 Cementos Argos SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.38 | |||
| Information Ratio | 0.0882 | |||
| Maximum Drawdown | 21.55 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 5.89 |
Cementos Argos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cementos Argos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cementos Argos' standard deviation. In reality, there are many statistical measures that can use Cementos Argos historical prices to predict the future Cementos Argos' volatility.| Risk Adjusted Performance | 0.0792 | |||
| Jensen Alpha | 0.3549 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0651 | |||
| Treynor Ratio | (43.74) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cementos Argos' 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.
Cementos Argos SA Backtested Returns
Cementos Argos appears to be somewhat reliable, given 3 months investment horizon. Cementos Argos SA 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-four technical indicators for Cementos Argos SA, which you can use to evaluate the volatility of the firm. Please makes use of Cementos Argos' Mean Deviation of 1.94, risk adjusted performance of 0.0792, and Downside Deviation of 4.38 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cementos Argos holds a performance score of 9. The firm shows a Beta (market volatility) of -0.0081, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cementos Argos are expected to decrease at a much lower rate. During the bear market, Cementos Argos is likely to outperform the market. Please check Cementos Argos' downside deviation, treynor ratio, as well as the relationship between the Treynor Ratio and expected short fall , to make a quick decision on whether Cementos Argos' price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Cementos Argos SA has no correlation between past and present. Overlapping area represents the amount of predictability between Cementos Argos time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th 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 Cementos Argos SA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cementos Argos price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cementos Argos SA lagged returns against current returns
Autocorrelation, which is Cementos Argos 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 Cementos Argos' pink sheet expected returns. We can calculate the autocorrelation of Cementos Argos returns to help us make a trade decision. For example, suppose you find that Cementos Argos 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 |
Cementos Argos 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 Cementos Argos pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cementos Argos pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cementos Argos pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cementos Argos Lagged Returns
When evaluating Cementos Argos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cementos Argos pink sheet have on its future price. Cementos Argos 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, Cementos Argos autocorrelation shows the relationship between Cementos Argos pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cementos Argos SA.
Regressed Prices |
| Timeline |
Pair Trading with Cementos Argos
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 Cementos Argos 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 Cementos Argos will appreciate offsetting losses from the drop in the long position's value.Moving together with Cementos Pink Sheet
| 0.66 | CRH | CRH PLC ADR Earnings Call This Week | PairCorr |
| 0.84 | HCMLF | Holcim Earnings Call This Week | PairCorr |
| 0.83 | HCMLY | Lafargeholcim ADR | PairCorr |
| 0.8 | MLM | Martin Marietta Materials | PairCorr |
| 0.64 | VMC | Vulcan Materials | PairCorr |
Moving against Cementos Pink Sheet
| 0.53 | LION | Lionheart III Corp | PairCorr |
The ability to find closely correlated positions to Cementos Argos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cementos Argos 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 Cementos Argos - 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 Cementos Argos SA to buy it.
The correlation of Cementos Argos 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 Cementos Argos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cementos Argos SA 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 Cementos Argos 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 Cementos Argos Correlation, Cementos Argos Volatility and Cementos Argos Alpha and Beta module to complement your research on Cementos Argos. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Cementos Pink Sheet analysis
When running Cementos Argos' price analysis, check to measure Cementos Argos' 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 Cementos Argos is operating at the current time. Most of Cementos Argos' value examination focuses on studying past and present price action to predict the probability of Cementos Argos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cementos Argos' price. Additionally, you may evaluate how the addition of Cementos Argos to your portfolios can decrease your overall portfolio volatility.
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Cementos Argos 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.