Cigniti Technologies (India) Market Value
| CIGNITITEC | 1,857 40.95 2.25% |
| Symbol | Cigniti |
Cigniti Technologies '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 Cigniti Technologies' 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 Cigniti Technologies.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Cigniti Technologies on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Cigniti Technologies Limited or generate 0.0% return on investment in Cigniti Technologies over 30 days. Cigniti Technologies is related to or competes with S P, JB Chemicals, Dharani SugarsChemicals, TECIL Chemicals, Thirumalai Chemicals, Golden Tobacco, and Oriental Carbon. Cigniti Technologies is entity of India. It is traded as Stock on NSE exchange. More
Cigniti Technologies 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 Cigniti Technologies' 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 Cigniti Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.1717 | |||
| Maximum Drawdown | 8.85 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.97 |
Cigniti Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cigniti Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cigniti Technologies' standard deviation. In reality, there are many statistical measures that can use Cigniti Technologies historical prices to predict the future Cigniti Technologies' volatility.| Risk Adjusted Performance | 0.1784 | |||
| Jensen Alpha | 0.3944 | |||
| Total Risk Alpha | 0.1391 | |||
| Sortino Ratio | 0.2325 | |||
| Treynor Ratio | 1.26 |
Cigniti Technologies Backtested Returns
Cigniti Technologies appears to be very steady, given 3 months investment horizon. Cigniti Technologies secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cigniti Technologies Limited, which you can use to evaluate the volatility of the firm. Please makes use of Cigniti Technologies' Downside Deviation of 1.37, risk adjusted performance of 0.1784, and Mean Deviation of 1.29 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cigniti Technologies holds a performance score of 17. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cigniti Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cigniti Technologies is expected to be smaller as well. Please check Cigniti Technologies' downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Cigniti Technologies' price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Cigniti Technologies Limited has good predictability. Overlapping area represents the amount of predictability between Cigniti Technologies time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Cigniti Technologies price movement. The serial correlation of 0.71 indicates that around 71.0% of current Cigniti Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 7906.64 |
Cigniti Technologies lagged returns against current returns
Autocorrelation, which is Cigniti Technologies 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 Cigniti Technologies' stock expected returns. We can calculate the autocorrelation of Cigniti Technologies returns to help us make a trade decision. For example, suppose you find that Cigniti Technologies 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 |
Cigniti Technologies 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 Cigniti Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cigniti Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cigniti Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Cigniti Technologies Lagged Returns
When evaluating Cigniti Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cigniti Technologies stock have on its future price. Cigniti Technologies 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, Cigniti Technologies autocorrelation shows the relationship between Cigniti Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Cigniti Technologies Limited.
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 Cigniti Stock
Cigniti Technologies financial ratios help investors to determine whether Cigniti 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 Cigniti with respect to the benefits of owning Cigniti Technologies security.