CNVISION MEDIA (Germany) Market Value
| CBW Stock | EUR 0.05 0 2.11% |
| Symbol | CNVISION |
CNVISION 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 CNVISION 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 CNVISION MEDIA.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in CNVISION MEDIA on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding CNVISION MEDIA or generate 0.0% return on investment in CNVISION MEDIA over 180 days. CNVISION MEDIA is related to or competes with Chesapeake Utilities, Waste Management, AGF Management, Coor Service, United Utilities, Cleanaway Waste, and ARDAGH METAL. More
CNVISION 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 CNVISION 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 CNVISION MEDIA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.66 | |||
| Information Ratio | 0.0641 | |||
| Maximum Drawdown | 29.67 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 6.02 |
CNVISION MEDIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CNVISION MEDIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CNVISION MEDIA's standard deviation. In reality, there are many statistical measures that can use CNVISION MEDIA historical prices to predict the future CNVISION MEDIA's volatility.| Risk Adjusted Performance | 0.0823 | |||
| Jensen Alpha | 0.2954 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0667 | |||
| Treynor Ratio | 0.6482 |
CNVISION MEDIA Backtested Returns
CNVISION MEDIA appears to be out of control, given 3 months investment horizon. CNVISION MEDIA secures Sharpe Ratio (or Efficiency) of 0.0968, which signifies that the company had a 0.0968% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for CNVISION MEDIA, which you can use to evaluate the volatility of the firm. Please makes use of CNVISION MEDIA's mean deviation of 2.44, and Risk Adjusted Performance of 0.0823 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CNVISION MEDIA holds a performance score of 7. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CNVISION MEDIA's returns are expected to increase less than the market. However, during the bear market, the loss of holding CNVISION MEDIA is expected to be smaller as well. Please check CNVISION MEDIA's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether CNVISION MEDIA's price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
CNVISION MEDIA has very good reverse predictability. Overlapping area represents the amount of predictability between CNVISION 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 CNVISION MEDIA price movement. The serial correlation of -0.68 indicates that around 68.0% of current CNVISION MEDIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CNVISION MEDIA lagged returns against current returns
Autocorrelation, which is CNVISION 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 CNVISION MEDIA's stock expected returns. We can calculate the autocorrelation of CNVISION MEDIA returns to help us make a trade decision. For example, suppose you find that CNVISION 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 |
CNVISION 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 CNVISION MEDIA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CNVISION MEDIA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CNVISION MEDIA stock over time.
Current vs Lagged Prices |
| Timeline |
CNVISION MEDIA Lagged Returns
When evaluating CNVISION MEDIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CNVISION MEDIA stock have on its future price. CNVISION 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, CNVISION MEDIA autocorrelation shows the relationship between CNVISION MEDIA stock current value and its past values and can show if there is a momentum factor associated with investing in CNVISION MEDIA.
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 CNVISION Stock
CNVISION MEDIA financial ratios help investors to determine whether CNVISION 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 CNVISION with respect to the benefits of owning CNVISION MEDIA security.