Cementos Pacasmayo Saa Stock Market Value
| CPAC Stock | USD 5.14 0.09 1.72% |
| Symbol | Cementos |
Cementos Pacasmayo SAA Price To Book Ratio
Is Cementos Pacasmayo's 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 Cementos Pacasmayo. If investors know Cementos 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 Cementos Pacasmayo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.11) | Dividend Share 0.41 | Earnings Share 0.51 | Revenue Per Share 22.775 | Quarterly Revenue Growth (0.04) |
The market value of Cementos Pacasmayo SAA is measured differently than its book value, which is the value of Cementos that is recorded on the company's balance sheet. Investors also form their own opinion of Cementos Pacasmayo's value that differs from its market value or its book value, called intrinsic value, which is Cementos Pacasmayo's 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 Cementos Pacasmayo's market value can be influenced by many factors that don't directly affect Cementos Pacasmayo's 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 Cementos Pacasmayo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cementos Pacasmayo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cementos Pacasmayo's 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.
Cementos Pacasmayo '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 Pacasmayo'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 Cementos Pacasmayo.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Cementos Pacasmayo on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cementos Pacasmayo SAA or generate 0.0% return on investment in Cementos Pacasmayo over 30 days. Cementos Pacasmayo is related to or competes with Summit Materials, Eagle Materials, United States, James Hardie, CRH PLC, Martin Marietta, and Vulcan Materials. Cementos Pacasmayo S.A.A., a cement company, produces, distributes, and sells cement and cement-related materials in Per... More
Cementos Pacasmayo 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 Pacasmayo'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 Cementos Pacasmayo SAA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.05 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 3.57 |
Cementos Pacasmayo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cementos Pacasmayo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cementos Pacasmayo's standard deviation. In reality, there are many statistical measures that can use Cementos Pacasmayo historical prices to predict the future Cementos Pacasmayo's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | 0.0418 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cementos Pacasmayo'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.
Cementos Pacasmayo SAA Backtested Returns
We consider Cementos Pacasmayo somewhat reliable. Cementos Pacasmayo SAA secures Sharpe Ratio (or Efficiency) of 0.0165, which signifies that the company had a 0.0165% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cementos Pacasmayo SAA, which you can use to evaluate the volatility of the firm. Please confirm Cementos Pacasmayo's Risk Adjusted Performance of 0.0204, mean deviation of 1.45, and Downside Deviation of 1.99 to double-check if the risk estimate we provide is consistent with the expected return of 0.0361%. Cementos Pacasmayo has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0747, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cementos Pacasmayo are expected to decrease at a much lower rate. During the bear market, Cementos Pacasmayo is likely to outperform the market. Cementos Pacasmayo SAA right now shows a risk of 2.19%. Please confirm Cementos Pacasmayo SAA standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to decide if Cementos Pacasmayo SAA will be following its price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
Cementos Pacasmayo SAA has virtually no predictability. Overlapping area represents the amount of predictability between Cementos Pacasmayo time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Cementos Pacasmayo SAA price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Cementos Pacasmayo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cementos Pacasmayo SAA lagged returns against current returns
Autocorrelation, which is Cementos Pacasmayo 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 Cementos Pacasmayo's stock expected returns. We can calculate the autocorrelation of Cementos Pacasmayo returns to help us make a trade decision. For example, suppose you find that Cementos Pacasmayo 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 |
Cementos Pacasmayo 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 Pacasmayo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cementos Pacasmayo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cementos Pacasmayo stock over time.
Current vs Lagged Prices |
| Timeline |
Cementos Pacasmayo Lagged Returns
When evaluating Cementos Pacasmayo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cementos Pacasmayo stock have on its future price. Cementos Pacasmayo 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 Pacasmayo autocorrelation shows the relationship between Cementos Pacasmayo stock current value and its past values and can show if there is a momentum factor associated with investing in Cementos Pacasmayo SAA.
Regressed Prices |
| Timeline |
Pair Trading with Cementos Pacasmayo
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 Pacasmayo 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 Pacasmayo will appreciate offsetting losses from the drop in the long position's value.Moving together with Cementos Stock
| 0.74 | CRH | CRH PLC ADR | PairCorr |
| 0.66 | JHX | James Hardie Industries Financial Report 20th of May 2024 | PairCorr |
Moving against Cementos Stock
| 0.47 | RETO | ReTo Eco Solutions Report 6th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cementos Pacasmayo 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 Pacasmayo 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 Pacasmayo - 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 Pacasmayo SAA to buy it.
The correlation of Cementos Pacasmayo 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 Pacasmayo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cementos Pacasmayo SAA 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 Pacasmayo 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 Pacasmayo Correlation, Cementos Pacasmayo Volatility and Cementos Pacasmayo Alpha and Beta module to complement your research on Cementos Pacasmayo. Note that the Cementos Pacasmayo SAA information on this page should be used as a complementary analysis to other Cementos Pacasmayo's 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Cementos Stock analysis
When running Cementos Pacasmayo's price analysis, check to measure Cementos Pacasmayo'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 Cementos Pacasmayo is operating at the current time. Most of Cementos Pacasmayo's value examination focuses on studying past and present price action to predict the probability of Cementos Pacasmayo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cementos Pacasmayo's price. Additionally, you may evaluate how the addition of Cementos Pacasmayo to your portfolios can decrease your overall portfolio volatility.
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Cementos Pacasmayo 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.