Cemacon Zalau (Romania) Market Value
| CEON Stock | 0.44 0.00 0.00% |
| Symbol | Cemacon |
Please note, there is a significant difference between Cemacon Zalau's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cemacon Zalau is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cemacon Zalau's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cemacon Zalau '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 Cemacon Zalau'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 Cemacon Zalau.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cemacon Zalau on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cemacon Zalau or generate 0.0% return on investment in Cemacon Zalau over 30 days. More
Cemacon Zalau 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 Cemacon Zalau'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 Cemacon Zalau upside and downside potential and time the market with a certain degree of confidence.
Cemacon Zalau Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cemacon Zalau's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cemacon Zalau's standard deviation. In reality, there are many statistical measures that can use Cemacon Zalau historical prices to predict the future Cemacon Zalau's volatility.Cemacon Zalau Backtested Returns
We have found three technical indicators for Cemacon Zalau, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Cemacon Zalau are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Cemacon Zalau has no correlation between past and present. Overlapping area represents the amount of predictability between Cemacon Zalau time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Cemacon Zalau price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cemacon Zalau price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cemacon Zalau lagged returns against current returns
Autocorrelation, which is Cemacon Zalau 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 Cemacon Zalau's stock expected returns. We can calculate the autocorrelation of Cemacon Zalau returns to help us make a trade decision. For example, suppose you find that Cemacon Zalau 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 |
Cemacon Zalau 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 Cemacon Zalau stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cemacon Zalau stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cemacon Zalau stock over time.
Current vs Lagged Prices |
| Timeline |
Cemacon Zalau Lagged Returns
When evaluating Cemacon Zalau's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cemacon Zalau stock have on its future price. Cemacon Zalau 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, Cemacon Zalau autocorrelation shows the relationship between Cemacon Zalau stock current value and its past values and can show if there is a momentum factor associated with investing in Cemacon Zalau.
Regressed Prices |
| Timeline |
Pair Trading with Cemacon Zalau
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 Cemacon Zalau 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 Cemacon Zalau will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cemacon Zalau could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cemacon Zalau 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 Cemacon Zalau - 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 Cemacon Zalau to buy it.
The correlation of Cemacon Zalau 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 Cemacon Zalau moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cemacon Zalau 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 Cemacon Zalau 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.Other Information on Investing in Cemacon Stock
Cemacon Zalau financial ratios help investors to determine whether Cemacon 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 Cemacon with respect to the benefits of owning Cemacon Zalau security.