Cengild Medical's market value is the price at which a share of Cengild Medical trades on a public exchange. It measures the collective expectations of Cengild Medical Berhad investors about its performance. Cengild Medical is selling for 0.28 as of the 13th of December 2024. This is a 3.45 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.28. With this module, you can estimate the performance of a buy and hold strategy of Cengild Medical Berhad and determine expected loss or profit from investing in Cengild Medical over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Cengild
Cengild Medical '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 Cengild Medical'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 Cengild Medical.
0.00
11/19/2023
No Change 0.00
0.0
In 1 year and 26 days
12/13/2024
0.00
If you would invest 0.00 in Cengild Medical on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Cengild Medical Berhad or generate 0.0% return on investment in Cengild Medical over 390 days.
Cengild Medical 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 Cengild Medical'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 Cengild Medical Berhad upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cengild Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cengild Medical's standard deviation. In reality, there are many statistical measures that can use Cengild Medical historical prices to predict the future Cengild Medical's volatility.
As of now, Cengild Stock is out of control. Cengild Medical Berhad secures Sharpe Ratio (or Efficiency) of 0.0378, which signifies that the company had a 0.0378% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cengild Medical Berhad, which you can use to evaluate the volatility of the firm. Please confirm Cengild Medical's Downside Deviation of 3.8, mean deviation of 1.13, and Risk Adjusted Performance of 0.0142 to double-check if the risk estimate we provide is consistent with the expected return of 0.0813%. Cengild Medical has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cengild Medical are expected to decrease at a much lower rate. During the bear market, Cengild Medical is likely to outperform the market. Cengild Medical Berhad right now shows a risk of 2.15%. Please confirm Cengild Medical Berhad semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Cengild Medical Berhad will be following its price patterns.
Auto-correlation
0.50
Modest predictability
Cengild Medical Berhad has modest predictability. Overlapping area represents the amount of predictability between Cengild Medical time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 Cengild Medical Berhad price movement. The serial correlation of 0.5 indicates that about 50.0% of current Cengild Medical price fluctuation can be explain by its past prices.
Correlation Coefficient
0.5
Spearman Rank Test
0.2
Residual Average
0.0
Price Variance
0.0
Cengild Medical Berhad lagged returns against current returns
Autocorrelation, which is Cengild Medical 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 Cengild Medical's stock expected returns. We can calculate the autocorrelation of Cengild Medical returns to help us make a trade decision. For example, suppose you find that Cengild Medical 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
Cengild Medical 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 Cengild Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cengild Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cengild Medical stock over time.
Current vs Lagged Prices
Timeline
Cengild Medical Lagged Returns
When evaluating Cengild Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cengild Medical stock have on its future price. Cengild Medical 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, Cengild Medical autocorrelation shows the relationship between Cengild Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Cengild Medical Berhad.
Regressed Prices
Timeline
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