Cintas Corp (UK) Market Value
| 0HYJ Stock | 223.57 3.69 1.62% |
| Symbol | Cintas |
Cintas Corp '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 Cintas Corp'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 Cintas Corp.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Cintas Corp on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Cintas Corp or generate 0.0% return on investment in Cintas Corp over 30 days. Cintas Corp is related to or competes with Sparebank, Edita Food, Bell Food, Discover Financial, Regions Financial, Bank of Ireland, and Sydbank. Cintas Corp is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Cintas Corp 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 Cintas Corp'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 Cintas Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.49 | |||
| Information Ratio | 0.091 | |||
| Maximum Drawdown | 375.78 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 2.24 |
Cintas Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cintas Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cintas Corp's standard deviation. In reality, there are many statistical measures that can use Cintas Corp historical prices to predict the future Cintas Corp's volatility.| Risk Adjusted Performance | 0.082 | |||
| Jensen Alpha | 2.76 | |||
| Total Risk Alpha | (2.17) | |||
| Sortino Ratio | 0.2404 | |||
| Treynor Ratio | 0.4931 |
Cintas Corp Backtested Returns
Cintas Corp secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Cintas Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cintas Corp's Downside Deviation of 14.49, mean deviation of 9.01, and Risk Adjusted Performance of 0.082 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 7.3, 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, Cintas Corp will likely underperform. At this point, Cintas Corp has a negative expected return of -0.99%. Please make sure to confirm Cintas Corp's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Cintas Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.93 |
Excellent predictability
Cintas Corp has excellent predictability. Overlapping area represents the amount of predictability between Cintas Corp time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Cintas Corp price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Cintas Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 13.69 |
Cintas Corp lagged returns against current returns
Autocorrelation, which is Cintas Corp 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 Cintas Corp's stock expected returns. We can calculate the autocorrelation of Cintas Corp returns to help us make a trade decision. For example, suppose you find that Cintas Corp 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 |
Cintas Corp 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 Cintas Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cintas Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cintas Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Cintas Corp Lagged Returns
When evaluating Cintas Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cintas Corp stock have on its future price. Cintas Corp 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, Cintas Corp autocorrelation shows the relationship between Cintas Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Cintas Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Cintas Stock Analysis
When running Cintas Corp's price analysis, check to measure Cintas Corp'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 Cintas Corp is operating at the current time. Most of Cintas Corp's value examination focuses on studying past and present price action to predict the probability of Cintas Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cintas Corp's price. Additionally, you may evaluate how the addition of Cintas Corp to your portfolios can decrease your overall portfolio volatility.