C1MI34 (Brazil) Market Value
| C1MI34 Stock | BRL 553.50 2.94 0.53% |
| Symbol | C1MI34 |
C1MI34 '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 C1MI34'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 C1MI34.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in C1MI34 on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding C1MI34 or generate 0.0% return on investment in C1MI34 over 720 days. C1MI34 is related to or competes with Take Two, Bemobi Mobile, Agilent Technologies, Micron Technology, Taiwan Semiconductor, CM Hospitalar, and Palantir Technologies. Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powert... More
C1MI34 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 C1MI34'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 C1MI34 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1538 | |||
| Maximum Drawdown | 26.25 | |||
| Potential Upside | 1.15 |
C1MI34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for C1MI34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as C1MI34's standard deviation. In reality, there are many statistical measures that can use C1MI34 historical prices to predict the future C1MI34's volatility.| Risk Adjusted Performance | 0.1376 | |||
| Jensen Alpha | 0.5005 | |||
| Total Risk Alpha | 0.4058 | |||
| Treynor Ratio | (1.16) |
C1MI34 Backtested Returns
C1MI34 appears to be very steady, given 3 months investment horizon. C1MI34 secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By inspecting C1MI34's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of C1MI34's Mean Deviation of 1.07, coefficient of variation of 608.39, and Variance of 9.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, C1MI34 holds a performance score of 13. The firm shows a Beta (market volatility) of -0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning C1MI34 are expected to decrease at a much lower rate. During the bear market, C1MI34 is likely to outperform the market. Please check C1MI34's variance, jensen alpha, potential upside, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether C1MI34's price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
C1MI34 has good reverse predictability. Overlapping area represents the amount of predictability between C1MI34 time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 C1MI34 price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current C1MI34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 4982.13 |
C1MI34 lagged returns against current returns
Autocorrelation, which is C1MI34 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 C1MI34's stock expected returns. We can calculate the autocorrelation of C1MI34 returns to help us make a trade decision. For example, suppose you find that C1MI34 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 |
C1MI34 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 C1MI34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if C1MI34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in C1MI34 stock over time.
Current vs Lagged Prices |
| Timeline |
C1MI34 Lagged Returns
When evaluating C1MI34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of C1MI34 stock have on its future price. C1MI34 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, C1MI34 autocorrelation shows the relationship between C1MI34 stock current value and its past values and can show if there is a momentum factor associated with investing in C1MI34.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in C1MI34 Stock
C1MI34 financial ratios help investors to determine whether C1MI34 Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in C1MI34 with respect to the benefits of owning C1MI34 security.