Ceres Global Ag Stock Market Value
| CRP Stock | CAD 3.04 0.07 2.25% |
| Symbol | Ceres |
Ceres Global Ag Price To Book Ratio
Ceres Global '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 Ceres Global'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 Ceres Global.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Ceres Global on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Ceres Global Ag or generate 0.0% return on investment in Ceres Global over 30 days. Ceres Global is related to or competes with Buhler Industries, Caldwell Partners, Clarke, Big Rock, and Ag Growth. Ceres Global Ag Corp. procures and provides agricultural commodities and value-added products, industrial products, fert... More
Ceres Global 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 Ceres Global'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 Ceres Global Ag upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.0191 | |||
| Maximum Drawdown | 12.48 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 4.43 |
Ceres Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ceres Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ceres Global's standard deviation. In reality, there are many statistical measures that can use Ceres Global historical prices to predict the future Ceres Global's volatility.| Risk Adjusted Performance | 0.0584 | |||
| Jensen Alpha | 0.1684 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0142 | |||
| Treynor Ratio | (0.56) |
Ceres Global Ag Backtested Returns
As of now, Ceres Stock is relatively risky. Ceres Global Ag secures Sharpe Ratio (or Efficiency) of 0.0454, which signifies that the company had a 0.0454% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ceres Global Ag, which you can use to evaluate the volatility of the firm. Please confirm Ceres Global's Mean Deviation of 1.34, risk adjusted performance of 0.0584, and Downside Deviation of 2.89 to double-check if the risk estimate we provide is consistent with the expected return of 0.0976%. Ceres Global has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ceres Global are expected to decrease at a much lower rate. During the bear market, Ceres Global is likely to outperform the market. Ceres Global Ag right now shows a risk of 2.15%. Please confirm Ceres Global Ag downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Ceres Global Ag will be following its price patterns.
Auto-correlation | 0.36 |
Below average predictability
Ceres Global Ag has below average predictability. Overlapping area represents the amount of predictability between Ceres Global time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Ceres Global Ag price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Ceres Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ceres Global Ag lagged returns against current returns
Autocorrelation, which is Ceres Global 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 Ceres Global's stock expected returns. We can calculate the autocorrelation of Ceres Global returns to help us make a trade decision. For example, suppose you find that Ceres Global 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 |
Ceres Global 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 Ceres Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ceres Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ceres Global stock over time.
Current vs Lagged Prices |
| Timeline |
Ceres Global Lagged Returns
When evaluating Ceres Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ceres Global stock have on its future price. Ceres Global 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, Ceres Global autocorrelation shows the relationship between Ceres Global stock current value and its past values and can show if there is a momentum factor associated with investing in Ceres Global Ag.
Regressed Prices |
| Timeline |
Pair Trading with Ceres Global
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 Ceres Global 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 Ceres Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Ceres Stock
Moving against Ceres Stock
The ability to find closely correlated positions to Ceres Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ceres Global 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 Ceres Global - 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 Ceres Global Ag to buy it.
The correlation of Ceres Global 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 Ceres Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ceres Global Ag 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 Ceres Global 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 Ceres Stock
Ceres Global financial ratios help investors to determine whether Ceres 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 Ceres with respect to the benefits of owning Ceres Global security.