CGN Power (Germany) Market Value
| 94C Stock | EUR 0.28 0.00 0.00% |
| Symbol | CGN |
CGN Power '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 CGN Power'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 CGN Power.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in CGN Power on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding CGN Power Co or generate 0.0% return on investment in CGN Power over 180 days. CGN Power is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, Identiv, and Norsk Hydro. CGN Power Co., Ltd. generates and sells nuclear power in the Peoples Republic of China More
CGN Power 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 CGN Power'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 CGN Power Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.71 | |||
| Information Ratio | 0.0368 | |||
| Maximum Drawdown | 104.24 | |||
| Value At Risk | (24.24) | |||
| Potential Upside | 36.36 |
CGN Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CGN Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CGN Power's standard deviation. In reality, there are many statistical measures that can use CGN Power historical prices to predict the future CGN Power's volatility.| Risk Adjusted Performance | 0.0437 | |||
| Jensen Alpha | 0.9908 | |||
| Total Risk Alpha | (1.69) | |||
| Sortino Ratio | 0.0269 | |||
| Treynor Ratio | (0.28) |
CGN Power Backtested Returns
CGN Power is out of control given 3 months investment horizon. CGN Power secures Sharpe Ratio (or Efficiency) of 0.0773, which signifies that the company had a 0.0773% return per unit of risk over the last 3 months. We were able to interpolate twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.21% are justified by taking the suggested risk. Use CGN Power mean deviation of 7.02, and Risk Adjusted Performance of 0.0437 to evaluate company specific risk that cannot be diversified away. CGN Power holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.53, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CGN Power are expected to decrease by larger amounts. On the other hand, during market turmoil, CGN Power is expected to outperform it. Use CGN Power downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on CGN Power.
Auto-correlation | -0.09 |
Very weak reverse predictability
CGN Power Co has very weak reverse predictability. Overlapping area represents the amount of predictability between CGN Power time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 CGN Power price movement. The serial correlation of -0.09 indicates that less than 9.0% of current CGN Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CGN Power lagged returns against current returns
Autocorrelation, which is CGN Power 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 CGN Power's stock expected returns. We can calculate the autocorrelation of CGN Power returns to help us make a trade decision. For example, suppose you find that CGN Power 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 |
CGN Power 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 CGN Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CGN Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CGN Power stock over time.
Current vs Lagged Prices |
| Timeline |
CGN Power Lagged Returns
When evaluating CGN Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CGN Power stock have on its future price. CGN Power 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, CGN Power autocorrelation shows the relationship between CGN Power stock current value and its past values and can show if there is a momentum factor associated with investing in CGN Power Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CGN Stock
CGN Power financial ratios help investors to determine whether CGN 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 CGN with respect to the benefits of owning CGN Power security.