CEOTRONICS (CEKSG) (Germany) Market Value
CEK Stock | 6.00 0.10 1.64% |
Symbol | CEOTRONICS |
CEOTRONICS (CEKSG) '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 CEOTRONICS (CEKSG)'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 CEOTRONICS (CEKSG).
02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in CEOTRONICS (CEKSG) on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding CEOTRONICS or generate 0.0% return on investment in CEOTRONICS (CEKSG) over 90 days. CEOTRONICS (CEKSG) is related to or competes with Apple, Apple, Apple, Microsoft, Microsoft, Microsoft, and Microsoft. More
CEOTRONICS (CEKSG) 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 CEOTRONICS (CEKSG)'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 CEOTRONICS upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 4.02 | |||
Information Ratio | 0.0512 | |||
Maximum Drawdown | 16.38 | |||
Value At Risk | (7.00) | |||
Potential Upside | 7.08 |
CEOTRONICS (CEKSG) Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CEOTRONICS (CEKSG)'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CEOTRONICS (CEKSG)'s standard deviation. In reality, there are many statistical measures that can use CEOTRONICS (CEKSG) historical prices to predict the future CEOTRONICS (CEKSG)'s volatility.Risk Adjusted Performance | 0.0458 | |||
Jensen Alpha | 0.2309 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | 0.0478 | |||
Treynor Ratio | (10.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CEOTRONICS (CEKSG)'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.
CEOTRONICS (CEKSG) Backtested Returns
CEOTRONICS (CEKSG) appears to be moderately volatile, given 3 months investment horizon. CEOTRONICS (CEKSG) secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CEOTRONICS, which you can use to evaluate the volatility of the firm. Please makes use of CEOTRONICS (CEKSG)'s risk adjusted performance of 0.0458, and Mean Deviation of 2.86 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CEOTRONICS (CEKSG) holds a performance score of 9. The firm shows a Beta (market volatility) of -0.0228, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CEOTRONICS (CEKSG) are expected to decrease at a much lower rate. During the bear market, CEOTRONICS (CEKSG) is likely to outperform the market. Please check CEOTRONICS (CEKSG)'s total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether CEOTRONICS (CEKSG)'s price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
CEOTRONICS has poor predictability. Overlapping area represents the amount of predictability between CEOTRONICS (CEKSG) time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th 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 CEOTRONICS (CEKSG) price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current CEOTRONICS (CEKSG) price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.29 | |
Spearman Rank Test | 0.35 | |
Residual Average | 0.0 | |
Price Variance | 0.19 |
CEOTRONICS (CEKSG) lagged returns against current returns
Autocorrelation, which is CEOTRONICS (CEKSG) 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 CEOTRONICS (CEKSG)'s stock expected returns. We can calculate the autocorrelation of CEOTRONICS (CEKSG) returns to help us make a trade decision. For example, suppose you find that CEOTRONICS (CEKSG) 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 |
CEOTRONICS (CEKSG) 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 CEOTRONICS (CEKSG) stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CEOTRONICS (CEKSG) stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CEOTRONICS (CEKSG) stock over time.
Current vs Lagged Prices |
Timeline |
CEOTRONICS (CEKSG) Lagged Returns
When evaluating CEOTRONICS (CEKSG)'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CEOTRONICS (CEKSG) stock have on its future price. CEOTRONICS (CEKSG) 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, CEOTRONICS (CEKSG) autocorrelation shows the relationship between CEOTRONICS (CEKSG) stock current value and its past values and can show if there is a momentum factor associated with investing in CEOTRONICS.
Regressed Prices |
Timeline |
Pair Trading with CEOTRONICS (CEKSG)
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 CEOTRONICS (CEKSG) 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 CEOTRONICS (CEKSG) will appreciate offsetting losses from the drop in the long position's value.Moving against CEOTRONICS Stock
0.56 | DBPD | Xtrackers ShortDAX | PairCorr |
The ability to find closely correlated positions to CEOTRONICS (CEKSG) could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CEOTRONICS (CEKSG) 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 CEOTRONICS (CEKSG) - 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 CEOTRONICS to buy it.
The correlation of CEOTRONICS (CEKSG) 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 CEOTRONICS (CEKSG) moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CEOTRONICS (CEKSG) 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 CEOTRONICS (CEKSG) 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 CEOTRONICS (CEKSG) Correlation, CEOTRONICS (CEKSG) Volatility and CEOTRONICS (CEKSG) Alpha and Beta module to complement your research on CEOTRONICS (CEKSG). You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for CEOTRONICS Stock analysis
When running CEOTRONICS (CEKSG)'s price analysis, check to measure CEOTRONICS (CEKSG)'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 CEOTRONICS (CEKSG) is operating at the current time. Most of CEOTRONICS (CEKSG)'s value examination focuses on studying past and present price action to predict the probability of CEOTRONICS (CEKSG)'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CEOTRONICS (CEKSG)'s price. Additionally, you may evaluate how the addition of CEOTRONICS (CEKSG) to your portfolios can decrease your overall portfolio volatility.
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