Cairn Homes (Ireland) Market Value
| C5H Stock | EUR 2.23 0.02 0.90% |
| Symbol | Cairn |
Cairn Homes '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 Cairn Homes' 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 Cairn Homes.
| 10/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Cairn Homes on October 12, 2024 and sell it all today you would earn a total of 0.00 from holding Cairn Homes PLC or generate 0.0% return on investment in Cairn Homes over 60 days. Cairn Homes is related to or competes with Glenveagh Properties, AIB Group, Dalata Hotel, and Bank of Ireland. More
Cairn Homes 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 Cairn Homes' 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 Cairn Homes PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.1349 | |||
| Maximum Drawdown | 8.25 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 2.79 |
Cairn Homes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cairn Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cairn Homes' standard deviation. In reality, there are many statistical measures that can use Cairn Homes historical prices to predict the future Cairn Homes' volatility.| Risk Adjusted Performance | 0.1598 | |||
| Jensen Alpha | 0.3405 | |||
| Total Risk Alpha | 0.0773 | |||
| Sortino Ratio | 0.1179 | |||
| Treynor Ratio | (2.86) |
Cairn Homes PLC Backtested Returns
Cairn Homes appears to be relatively risky, given 3 months investment horizon. Cairn Homes 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. We have found twenty-eight technical indicators for Cairn Homes PLC, which you can use to evaluate the volatility of the firm. Please makes use of Cairn Homes' Downside Deviation of 1.81, risk adjusted performance of 0.1598, and Mean Deviation of 1.21 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cairn Homes holds a performance score of 16. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cairn Homes are expected to decrease at a much lower rate. During the bear market, Cairn Homes is likely to outperform the market. Please check Cairn Homes' information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Cairn Homes' price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Cairn Homes PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between Cairn Homes time series from 12th of October 2024 to 11th of November 2024 and 11th of November 2024 to 11th 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 Cairn Homes PLC price movement. The serial correlation of -0.02 indicates that only 2.0% of current Cairn Homes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cairn Homes PLC lagged returns against current returns
Autocorrelation, which is Cairn Homes 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 Cairn Homes' stock expected returns. We can calculate the autocorrelation of Cairn Homes returns to help us make a trade decision. For example, suppose you find that Cairn Homes 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 |
Cairn Homes 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 Cairn Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cairn Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cairn Homes stock over time.
Current vs Lagged Prices |
| Timeline |
Cairn Homes Lagged Returns
When evaluating Cairn Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cairn Homes stock have on its future price. Cairn Homes 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, Cairn Homes autocorrelation shows the relationship between Cairn Homes stock current value and its past values and can show if there is a momentum factor associated with investing in Cairn Homes PLC.
Regressed Prices |
| Timeline |
Pair Trading with Cairn Homes
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 Cairn Homes 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 Cairn Homes will appreciate offsetting losses from the drop in the long position's value.Moving together with Cairn Stock
Moving against Cairn Stock
The ability to find closely correlated positions to Cairn Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cairn Homes 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 Cairn Homes - 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 Cairn Homes PLC to buy it.
The correlation of Cairn Homes 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 Cairn Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cairn Homes PLC 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 Cairn Homes 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.Additional Tools for Cairn Stock Analysis
When running Cairn Homes' price analysis, check to measure Cairn Homes' 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 Cairn Homes is operating at the current time. Most of Cairn Homes' value examination focuses on studying past and present price action to predict the probability of Cairn Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cairn Homes' price. Additionally, you may evaluate how the addition of Cairn Homes to your portfolios can decrease your overall portfolio volatility.