Camuzzi Gas (Argentina) Market Value
| CGPA2 Stock | ARS 3,515 105.00 2.90% |
| Symbol | Camuzzi |
Camuzzi Gas '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 Camuzzi Gas' 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 Camuzzi Gas.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Camuzzi Gas on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Camuzzi Gas Pampeana or generate 0.0% return on investment in Camuzzi Gas over 30 days. Camuzzi Gas is related to or competes with Agrometal SAI, American Express, United States, Pfizer, Distribuidora, and IRSA Propiedades. Camuzzi Gas Pampeana S.A. distributes natural gas in Argentina More
Camuzzi Gas 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 Camuzzi Gas' 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 Camuzzi Gas Pampeana upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.2129 | |||
| Maximum Drawdown | 16.56 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 8.97 |
Camuzzi Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Camuzzi Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Camuzzi Gas' standard deviation. In reality, there are many statistical measures that can use Camuzzi Gas historical prices to predict the future Camuzzi Gas' volatility.| Risk Adjusted Performance | 0.1818 | |||
| Jensen Alpha | 0.8614 | |||
| Total Risk Alpha | 0.4224 | |||
| Sortino Ratio | 0.3669 | |||
| Treynor Ratio | 2.96 |
Camuzzi Gas Pampeana Backtested Returns
Camuzzi Gas appears to be very steady, given 3 months investment horizon. Camuzzi Gas Pampeana secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. By analyzing Camuzzi Gas' technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of Camuzzi Gas' Mean Deviation of 2.89, downside deviation of 2.18, and Risk Adjusted Performance of 0.1818 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Camuzzi Gas holds a performance score of 19. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Camuzzi Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Camuzzi Gas is expected to be smaller as well. Please check Camuzzi Gas' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Camuzzi Gas' price patterns will revert.
Auto-correlation | 0.87 |
Very good predictability
Camuzzi Gas Pampeana has very good predictability. Overlapping area represents the amount of predictability between Camuzzi Gas time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Camuzzi Gas Pampeana price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Camuzzi Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 146.3 K |
Camuzzi Gas Pampeana lagged returns against current returns
Autocorrelation, which is Camuzzi Gas 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 Camuzzi Gas' stock expected returns. We can calculate the autocorrelation of Camuzzi Gas returns to help us make a trade decision. For example, suppose you find that Camuzzi Gas 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 |
Camuzzi Gas 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 Camuzzi Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Camuzzi Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Camuzzi Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Camuzzi Gas Lagged Returns
When evaluating Camuzzi Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Camuzzi Gas stock have on its future price. Camuzzi Gas 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, Camuzzi Gas autocorrelation shows the relationship between Camuzzi Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Camuzzi Gas Pampeana.
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 Camuzzi Stock
Camuzzi Gas financial ratios help investors to determine whether Camuzzi 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 Camuzzi with respect to the benefits of owning Camuzzi Gas security.