Celyad SA (Belgium) Market Value
| CYAD Stock | EUR 0.77 0.01 1.28% |
| Symbol | Celyad |
Celyad 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 Celyad 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 Celyad SA.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Celyad SA on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Celyad SA or generate 0.0% return on investment in Celyad SA over 30 days. Celyad SA is related to or competes with Immolease Trust, EVS Broadcast, Home Invest, Retail Estates, and Vastned Retail. Celyad Oncology SA, a clinical-stage biopharmaceutical company, focuses on the discovery and development of chimeric ant... More
Celyad 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 Celyad 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 Celyad SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.83 | |||
| Information Ratio | 0.1734 | |||
| Maximum Drawdown | 114.08 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 16.67 |
Celyad SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celyad SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celyad SA's standard deviation. In reality, there are many statistical measures that can use Celyad SA historical prices to predict the future Celyad SA's volatility.| Risk Adjusted Performance | 0.1385 | |||
| Jensen Alpha | 2.31 | |||
| Total Risk Alpha | 1.46 | |||
| Sortino Ratio | 0.2645 | |||
| Treynor Ratio | 0.4365 |
Celyad SA Backtested Returns
Celyad SA is very steady given 3 months investment horizon. Celyad SA secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.64% are justified by taking the suggested risk. Use Celyad SA Downside Deviation of 9.83, mean deviation of 7.6, and Risk Adjusted Performance of 0.1385 to evaluate company specific risk that cannot be diversified away. Celyad SA holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 6.09, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Celyad SA will likely underperform. Use Celyad SA jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to analyze future returns on Celyad SA.
Auto-correlation | 0.41 |
Average predictability
Celyad SA has average predictability. Overlapping area represents the amount of predictability between Celyad SA time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Celyad SA price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Celyad SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Celyad SA lagged returns against current returns
Autocorrelation, which is Celyad 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 Celyad SA's stock expected returns. We can calculate the autocorrelation of Celyad SA returns to help us make a trade decision. For example, suppose you find that Celyad 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 |
Celyad 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 Celyad SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celyad SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celyad SA stock over time.
Current vs Lagged Prices |
| Timeline |
Celyad SA Lagged Returns
When evaluating Celyad SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celyad SA stock have on its future price. Celyad 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, Celyad SA autocorrelation shows the relationship between Celyad SA stock current value and its past values and can show if there is a momentum factor associated with investing in Celyad SA.
Regressed Prices |
| Timeline |
Pair Trading with Celyad SA
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 Celyad SA 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 Celyad SA will appreciate offsetting losses from the drop in the long position's value.Moving against Celyad Stock
| 0.88 | BPOST | Bpost NV | PairCorr |
| 0.82 | GREEN | Greenyard NV | PairCorr |
| 0.81 | IMMO | Immobel | PairCorr |
| 0.76 | ATEB | Atenor SA | PairCorr |
| 0.63 | FOU | Fountain | PairCorr |
The ability to find closely correlated positions to Celyad SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celyad SA 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 Celyad SA - 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 Celyad SA to buy it.
The correlation of Celyad SA 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 Celyad SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celyad SA 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 Celyad SA 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.Additional Tools for Celyad Stock Analysis
When running Celyad SA's price analysis, check to measure Celyad SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Celyad SA is operating at the current time. Most of Celyad SA's value examination focuses on studying past and present price action to predict the probability of Celyad SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celyad SA's price. Additionally, you may evaluate how the addition of Celyad SA to your portfolios can decrease your overall portfolio volatility.