CIMB Group's market value is the price at which a share of CIMB Group trades on a public exchange. It measures the collective expectations of CIMB Group Holdings investors about its performance. CIMB Group is selling for 8.38 as of the 25th of November 2024. This is a 1.95 percent increase since the beginning of the trading day. The stock's lowest day price was 8.21. With this module, you can estimate the performance of a buy and hold strategy of CIMB Group Holdings and determine expected loss or profit from investing in CIMB Group over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
CIMB
CIMB Group '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 CIMB Group'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 CIMB Group.
0.00
02/04/2023
No Change 0.00
0.0
In 1 year 9 months and 23 days
11/25/2024
0.00
If you would invest 0.00 in CIMB Group on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding CIMB Group Holdings or generate 0.0% return on investment in CIMB Group over 660 days.
CIMB Group 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 CIMB Group'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 CIMB Group Holdings upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIMB Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIMB Group's standard deviation. In reality, there are many statistical measures that can use CIMB Group historical prices to predict the future CIMB Group's volatility.
As of now, CIMB Stock is not too volatile. CIMB Group Holdings secures Sharpe Ratio (or Efficiency) of 0.0971, which signifies that the company had a 0.0971% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CIMB Group Holdings, which you can use to evaluate the volatility of the firm. Please confirm CIMB Group's risk adjusted performance of 0.0658, and Mean Deviation of 0.8685 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. CIMB Group has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CIMB Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding CIMB Group is expected to be smaller as well. CIMB Group Holdings now shows a risk of 1.4%. Please confirm CIMB Group Holdings coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if CIMB Group Holdings will be following its price patterns.
Auto-correlation
0.80
Very good predictability
CIMB Group Holdings has very good predictability. Overlapping area represents the amount of predictability between CIMB Group time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 CIMB Group Holdings price movement. The serial correlation of 0.8 indicates that around 80.0% of current CIMB Group price fluctuation can be explain by its past prices.
Correlation Coefficient
0.8
Spearman Rank Test
0.77
Residual Average
0.0
Price Variance
0.72
CIMB Group Holdings lagged returns against current returns
Autocorrelation, which is CIMB Group 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 CIMB Group's stock expected returns. We can calculate the autocorrelation of CIMB Group returns to help us make a trade decision. For example, suppose you find that CIMB Group 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
CIMB Group 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 CIMB Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIMB Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIMB Group stock over time.
Current vs Lagged Prices
Timeline
CIMB Group Lagged Returns
When evaluating CIMB Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIMB Group stock have on its future price. CIMB Group 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, CIMB Group autocorrelation shows the relationship between CIMB Group stock current value and its past values and can show if there is a momentum factor associated with investing in CIMB Group Holdings.
Regressed Prices
Timeline
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