Cerinnov Group (France) Market Value
| ALPCV Stock | EUR 0.70 0.02 2.78% |
| Symbol | Cerinnov |
Cerinnov Group '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 Cerinnov Group'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 Cerinnov Group.
| 02/05/2023 |
| 12/26/2024 |
If you would invest 0.00 in Cerinnov Group on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding Cerinnov Group SA or generate 0.0% return on investment in Cerinnov Group over 690 days. Cerinnov Group is related to or competes with Balyo SA, Glob Bioenergi, Biophytis, and Kerlink SAS. Cerinnov Group SA engages in the manufacture and sale of production equipment worldwide More
Cerinnov Group 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 Cerinnov Group'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 Cerinnov Group SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 46.17 | |||
| Value At Risk | (8.11) | |||
| Potential Upside | 4.35 |
Cerinnov Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cerinnov Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cerinnov Group's standard deviation. In reality, there are many statistical measures that can use Cerinnov Group historical prices to predict the future Cerinnov Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 1.22 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cerinnov Group'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.
Cerinnov Group SA Backtested Returns
Cerinnov Group SA secures Sharpe Ratio (or Efficiency) of -0.0509, which signifies that the company had a -0.0509% return per unit of risk over the last 3 months. Cerinnov Group SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cerinnov Group's Risk Adjusted Performance of (0.07), mean deviation of 2.86, and Standard Deviation of 5.79 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cerinnov Group are expected to decrease at a much lower rate. During the bear market, Cerinnov Group is likely to outperform the market. At this point, Cerinnov Group SA has a negative expected return of -0.29%. Please make sure to confirm Cerinnov Group's skewness, as well as the relationship between the day median price and relative strength index , to decide if Cerinnov Group SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Cerinnov Group SA has modest reverse predictability. Overlapping area represents the amount of predictability between Cerinnov Group time series from 5th of February 2023 to 16th of January 2024 and 16th of January 2024 to 26th 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 Cerinnov Group SA price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Cerinnov Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Cerinnov Group SA lagged returns against current returns
Autocorrelation, which is Cerinnov Group 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 Cerinnov Group's stock expected returns. We can calculate the autocorrelation of Cerinnov Group returns to help us make a trade decision. For example, suppose you find that Cerinnov Group 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 |
Cerinnov Group 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 Cerinnov Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cerinnov Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cerinnov Group stock over time.
Current vs Lagged Prices |
| Timeline |
Cerinnov Group Lagged Returns
When evaluating Cerinnov Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cerinnov Group stock have on its future price. Cerinnov Group 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, Cerinnov Group autocorrelation shows the relationship between Cerinnov Group stock current value and its past values and can show if there is a momentum factor associated with investing in Cerinnov Group SA.
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 Cerinnov Stock Analysis
When running Cerinnov Group's price analysis, check to measure Cerinnov Group'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 Cerinnov Group is operating at the current time. Most of Cerinnov Group's value examination focuses on studying past and present price action to predict the probability of Cerinnov Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cerinnov Group's price. Additionally, you may evaluate how the addition of Cerinnov Group to your portfolios can decrease your overall portfolio volatility.