Cpi Aerostructures Stock Market Value
| CVU Stock | USD 2.73 0.06 2.25% |
| Symbol | CPI |
Is CPI Aerostructures' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CPI Aerostructures. If investors know CPI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CPI Aerostructures listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of CPI Aerostructures is measured differently than its book value, which is the value of CPI that is recorded on the company's balance sheet. Investors also form their own opinion of CPI Aerostructures' value that differs from its market value or its book value, called intrinsic value, which is CPI Aerostructures' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CPI Aerostructures' market value can be influenced by many factors that don't directly affect CPI Aerostructures' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CPI Aerostructures' value and its price as these two are different measures arrived at by different means. Investors typically determine if CPI Aerostructures is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CPI Aerostructures' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
CPI Aerostructures '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 CPI Aerostructures' 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 CPI Aerostructures.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in CPI Aerostructures on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding CPI Aerostructures or generate 0.0% return on investment in CPI Aerostructures over 30 days. CPI Aerostructures is related to or competes with Ducommun Incorporated, SIFCO Industries, Innovative Solutions, Air Industries, and Astronics. CPI Aerostructures, Inc. engages in the contract production of structural aircraft parts for fixed wing aircraft and hel... More
CPI Aerostructures 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 CPI Aerostructures' 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 CPI Aerostructures upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.78 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 3.97 |
CPI Aerostructures Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CPI Aerostructures' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CPI Aerostructures' standard deviation. In reality, there are many statistical measures that can use CPI Aerostructures historical prices to predict the future CPI Aerostructures' volatility.| Risk Adjusted Performance | 0.0107 | |||
| Jensen Alpha | 0.0182 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CPI Aerostructures' 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.
CPI Aerostructures Backtested Returns
We consider CPI Aerostructures unstable. CPI Aerostructures secures Sharpe Ratio (or Efficiency) of 0.0051, which signifies that the company had a 0.0051% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for CPI Aerostructures, which you can use to evaluate the volatility of the firm. Please confirm CPI Aerostructures' Mean Deviation of 1.79, risk adjusted performance of 0.0107, and Semi Deviation of 2.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.0129%. 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 CPI Aerostructures are expected to decrease at a much lower rate. During the bear market, CPI Aerostructures is likely to outperform the market. CPI Aerostructures now shows a risk of 2.51%. Please confirm CPI Aerostructures semi variance, and the relationship between the sortino ratio and rate of daily change , to decide if CPI Aerostructures will be following its price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
CPI Aerostructures has insignificant reverse predictability. Overlapping area represents the amount of predictability between CPI Aerostructures time series from 26th of March 2024 to 10th of April 2024 and 10th of April 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 CPI Aerostructures price movement. The serial correlation of -0.14 indicates that less than 14.0% of current CPI Aerostructures price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CPI Aerostructures lagged returns against current returns
Autocorrelation, which is CPI Aerostructures 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 CPI Aerostructures' stock expected returns. We can calculate the autocorrelation of CPI Aerostructures returns to help us make a trade decision. For example, suppose you find that CPI Aerostructures 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 |
CPI Aerostructures 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 CPI Aerostructures stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CPI Aerostructures stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CPI Aerostructures stock over time.
Current vs Lagged Prices |
| Timeline |
CPI Aerostructures Lagged Returns
When evaluating CPI Aerostructures' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CPI Aerostructures stock have on its future price. CPI Aerostructures 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, CPI Aerostructures autocorrelation shows the relationship between CPI Aerostructures stock current value and its past values and can show if there is a momentum factor associated with investing in CPI Aerostructures.
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 CPI Aerostructures 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, CPI Aerostructures' short interest history, or implied volatility extrapolated from CPI Aerostructures options trading.
Pair Trading with CPI Aerostructures
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 CPI Aerostructures 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 CPI Aerostructures will appreciate offsetting losses from the drop in the long position's value.Moving against CPI Stock
| 0.62 | EVTL | Vertical Aerospace | PairCorr |
| 0.61 | VSEC | VSE Corporation Financial Report 6th of May 2024 | PairCorr |
| 0.57 | DRS | Leonardo DRS Common Earnings Call This Week | PairCorr |
| 0.56 | CW | Curtiss Wright Earnings Call This Week | PairCorr |
| 0.47 | EH | Ehang Holdings | PairCorr |
The ability to find closely correlated positions to CPI Aerostructures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CPI Aerostructures 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 CPI Aerostructures - 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 CPI Aerostructures to buy it.
The correlation of CPI Aerostructures 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 CPI Aerostructures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CPI Aerostructures 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 CPI Aerostructures 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 CPI Aerostructures Correlation, CPI Aerostructures Volatility and CPI Aerostructures Alpha and Beta module to complement your research on CPI Aerostructures. For more information on how to buy CPI Stock please use our How to Invest in CPI Aerostructures guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for CPI Stock analysis
When running CPI Aerostructures' price analysis, check to measure CPI Aerostructures' 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 CPI Aerostructures is operating at the current time. Most of CPI Aerostructures' value examination focuses on studying past and present price action to predict the probability of CPI Aerostructures' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CPI Aerostructures' price. Additionally, you may evaluate how the addition of CPI Aerostructures to your portfolios can decrease your overall portfolio volatility.
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CPI Aerostructures 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.