Cebu Air (Philippines) Market Value
| CEB Stock | 28.00 0.85 3.13% |
| Symbol | Cebu |
Cebu Air '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 Cebu Air'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 Cebu Air.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Cebu Air on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cebu Air or generate 0.0% return on investment in Cebu Air over 30 days. Cebu Air is related to or competes with Philex Mining, Century Pacific, East West, Dizon Copper, Jollibee Foods, Sun Life, and Apex Mining. More
Cebu Air 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 Cebu Air'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 Cebu Air upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 3.06 |
Cebu Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cebu Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cebu Air's standard deviation. In reality, there are many statistical measures that can use Cebu Air historical prices to predict the future Cebu Air's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.5694 |
Cebu Air Backtested Returns
Cebu Air secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of standard deviation over the last 3 months. Cebu Air exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cebu Air's mean deviation of 1.37, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cebu Air are expected to decrease at a much lower rate. During the bear market, Cebu Air is likely to outperform the market. At this point, Cebu Air has a negative expected return of -0.25%. Please make sure to confirm Cebu Air's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Cebu Air performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Cebu Air has weak predictability. Overlapping area represents the amount of predictability between Cebu Air time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Cebu Air price movement. The serial correlation of 0.24 indicates that over 24.0% of current Cebu Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Cebu Air lagged returns against current returns
Autocorrelation, which is Cebu Air 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 Cebu Air's stock expected returns. We can calculate the autocorrelation of Cebu Air returns to help us make a trade decision. For example, suppose you find that Cebu Air 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 |
Cebu Air 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 Cebu Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cebu Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cebu Air stock over time.
Current vs Lagged Prices |
| Timeline |
Cebu Air Lagged Returns
When evaluating Cebu Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cebu Air stock have on its future price. Cebu Air 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, Cebu Air autocorrelation shows the relationship between Cebu Air stock current value and its past values and can show if there is a momentum factor associated with investing in Cebu Air.
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 Cebu Stock
Cebu Air financial ratios help investors to determine whether Cebu 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 Cebu with respect to the benefits of owning Cebu Air security.