Cegedim SA (France) Market Value
| CGM Stock | EUR 11.00 0.05 0.46% |
| Symbol | Cegedim |
Cegedim SA '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 Cegedim SA'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 Cegedim SA.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Cegedim SA on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cegedim SA or generate 0.0% return on investment in Cegedim SA over 30 days. Cegedim SA is related to or competes with Bonduelle SCA, Boiron SA, Assystem, Lectra SA, and Alten SA. Cegedim SA operates as a technology and services company in the digital data flow management for healthcare ecosystem an... More
Cegedim SA 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 Cegedim SA'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 Cegedim SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 9.5 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 2.15 |
Cegedim SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cegedim SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cegedim SA's standard deviation. In reality, there are many statistical measures that can use Cegedim SA historical prices to predict the future Cegedim SA's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (1.24) |
Cegedim SA Backtested Returns
Cegedim SA secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Cegedim SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cegedim SA's Standard Deviation of 1.6, risk adjusted performance of (0.10), and Mean Deviation of 1.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cegedim SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cegedim SA is expected to be smaller as well. At this point, Cegedim SA has a negative expected return of -0.22%. Please make sure to confirm Cegedim SA's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Cegedim SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Cegedim SA has insignificant predictability. Overlapping area represents the amount of predictability between Cegedim SA time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Cegedim SA price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Cegedim SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Cegedim SA lagged returns against current returns
Autocorrelation, which is Cegedim SA 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 Cegedim SA's stock expected returns. We can calculate the autocorrelation of Cegedim SA returns to help us make a trade decision. For example, suppose you find that Cegedim SA 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 |
Cegedim SA 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 Cegedim SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cegedim SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cegedim SA stock over time.
Current vs Lagged Prices |
| Timeline |
Cegedim SA Lagged Returns
When evaluating Cegedim SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cegedim SA stock have on its future price. Cegedim SA 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, Cegedim SA autocorrelation shows the relationship between Cegedim SA stock current value and its past values and can show if there is a momentum factor associated with investing in Cegedim SA.
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 Cegedim Stock
Cegedim SA financial ratios help investors to determine whether Cegedim 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 Cegedim with respect to the benefits of owning Cegedim SA security.