Catena Media (UK) Market Value
| 0RUE Stock | 4.39 0.06 1.39% |
| Symbol | Catena |
Catena Media '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 Catena Media'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 Catena Media.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Catena Media on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Catena Media PLC or generate 0.0% return on investment in Catena Media over 180 days. Catena Media is related to or competes with Neometals, Coor Service, Aeorema Communications, JLEN Environmental, Power Metal, GoldMining, and Eastinco Mining. Catena Media is entity of United Kingdom More
Catena Media 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 Catena Media'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 Catena Media PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 22.33 | |||
| Value At Risk | (7.79) | |||
| Potential Upside | 4.24 |
Catena Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Catena Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Catena Media's standard deviation. In reality, there are many statistical measures that can use Catena Media historical prices to predict the future Catena Media's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (1.31) | |||
| Treynor Ratio | 3.0 |
Catena Media PLC Backtested Returns
Catena Media PLC secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Catena Media PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Catena Media's Risk Adjusted Performance of (0.14), mean deviation of 2.66, and Standard Deviation of 3.76 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Catena Media are expected to decrease at a much lower rate. During the bear market, Catena Media is likely to outperform the market. At this point, Catena Media PLC has a negative expected return of -0.8%. Please make sure to confirm Catena Media's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Catena Media PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Catena Media PLC has very good reverse predictability. Overlapping area represents the amount of predictability between Catena Media time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 Catena Media PLC price movement. The serial correlation of -0.69 indicates that around 69.0% of current Catena Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
Catena Media PLC lagged returns against current returns
Autocorrelation, which is Catena Media 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 Catena Media's stock expected returns. We can calculate the autocorrelation of Catena Media returns to help us make a trade decision. For example, suppose you find that Catena Media 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 |
Catena Media 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 Catena Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Catena Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Catena Media stock over time.
Current vs Lagged Prices |
| Timeline |
Catena Media Lagged Returns
When evaluating Catena Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Catena Media stock have on its future price. Catena Media 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, Catena Media autocorrelation shows the relationship between Catena Media stock current value and its past values and can show if there is a momentum factor associated with investing in Catena Media PLC.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Catena Stock Analysis
When running Catena Media's price analysis, check to measure Catena Media'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 Catena Media is operating at the current time. Most of Catena Media's value examination focuses on studying past and present price action to predict the probability of Catena Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Catena Media's price. Additionally, you may evaluate how the addition of Catena Media to your portfolios can decrease your overall portfolio volatility.