Cez A S Stock Market Value
| CEZYY Stock | USD 18.00 0.00 0.00% |
| Symbol | CEZ |
CEZ A '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 CEZ A's 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 CEZ A.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in CEZ A on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding CEZ a s or generate 0.0% return on investment in CEZ A over 30 days. CEZ A is related to or competes with Brookfield Renewable, Brookfield Renewable, Clearway Energy, Atlantica Sustainable, Nextera Energy, Algonquin Power, and Fusion Fuel. CEZ, a. s., an electricity generation company, engages in the production, distribution, trade, and sale of electricity a... More
CEZ A 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 CEZ A's 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 CEZ a s upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 42.42 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 0.4444 |
CEZ A Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CEZ A's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CEZ A's standard deviation. In reality, there are many statistical measures that can use CEZ A historical prices to predict the future CEZ A's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 0.1644 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CEZ A'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.
CEZ a s Backtested Returns
We consider CEZ A somewhat reliable. CEZ a s secures Sharpe Ratio (or Efficiency) of 6.0E-4, which signifies that the company had a 6.0E-4% return per unit of volatility over the last 3 months. We have found eighteen technical indicators for CEZ a s, which you can use to evaluate the volatility of the firm. Please confirm CEZ A's risk adjusted performance of (0.01), and Mean Deviation of 1.21 to double-check if the risk estimate we provide is consistent with the expected return of 0.0026%. The firm shows a Beta (market volatility) of -0.86, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning CEZ A are expected to decrease slowly. On the other hand, during market turmoil, CEZ A is expected to outperform it slightly. CEZ a s currently shows a risk of 4.57%. Please confirm CEZ a s jensen alpha, and the relationship between the standard deviation and potential upside , to decide if CEZ a s will be following its price patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
CEZ a s has insignificant reverse predictability. Overlapping area represents the amount of predictability between CEZ A time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 CEZ a s price movement. The serial correlation of -0.17 indicates that over 17.0% of current CEZ A price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CEZ a s lagged returns against current returns
Autocorrelation, which is CEZ A 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 CEZ A's pink sheet expected returns. We can calculate the autocorrelation of CEZ A returns to help us make a trade decision. For example, suppose you find that CEZ A 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 |
CEZ A 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 CEZ A pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CEZ A pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CEZ A pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CEZ A Lagged Returns
When evaluating CEZ A's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CEZ A pink sheet have on its future price. CEZ A 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, CEZ A autocorrelation shows the relationship between CEZ A pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CEZ a s.
Regressed Prices |
| Timeline |
Pair Trading with CEZ A
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 CEZ A 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 CEZ A will appreciate offsetting losses from the drop in the long position's value.Moving against CEZ Pink Sheet
| 0.85 | MUFG | Mitsubishi UFJ Financial Financial Report 20th of May 2024 | PairCorr |
| 0.84 | SMFG | Sumitomo Mitsui Financial Financial Report 20th of May 2024 | PairCorr |
| 0.84 | MFG | Mizuho Financial Financial Report 20th of May 2024 | PairCorr |
| 0.8 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.79 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
The ability to find closely correlated positions to CEZ A could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CEZ A 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 CEZ A - 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 CEZ a s to buy it.
The correlation of CEZ A 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 CEZ A moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CEZ a s 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 CEZ A 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 CEZ A Correlation, CEZ A Volatility and CEZ A Alpha and Beta module to complement your research on CEZ A. 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 CEZ Pink Sheet analysis
When running CEZ A's price analysis, check to measure CEZ A'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 CEZ A is operating at the current time. Most of CEZ A's value examination focuses on studying past and present price action to predict the probability of CEZ A's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CEZ A's price. Additionally, you may evaluate how the addition of CEZ A to your portfolios can decrease your overall portfolio volatility.
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CEZ A 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.