Cable One (Brazil) Market Value
| C1AB34 Stock | BRL 11.73 0.20 1.73% |
| Symbol | Cable |
Cable One '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 Cable One'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 Cable One.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Cable One on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cable One or generate 0.0% return on investment in Cable One over 30 days. Cable One is related to or competes with Credit Acceptance, Sumitomo Mitsui, Mitsubishi UFJ, Micron Technology, Raytheon Technologies, SVB Financial, and Agilent Technologies. Cable One, Inc., together with its subsidiaries, provides data, video, and voice services in the United States More
Cable One 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 Cable One'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 Cable One upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.0694 | |||
| Maximum Drawdown | 14.25 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 4.35 |
Cable One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cable One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cable One's standard deviation. In reality, there are many statistical measures that can use Cable One historical prices to predict the future Cable One's volatility.| Risk Adjusted Performance | 0.0906 | |||
| Jensen Alpha | 0.1663 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0593 | |||
| Treynor Ratio | 0.2699 |
Cable One Backtested Returns
Cable One appears to be not too volatile, given 3 months investment horizon. Cable One secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Cable One, which you can use to evaluate the volatility of the firm. Please makes use of Cable One's risk adjusted performance of 0.0906, and Mean Deviation of 1.41 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cable One holds a performance score of 11. The firm shows a Beta (market volatility) of 0.9, which signifies possible diversification benefits within a given portfolio. Cable One returns are very sensitive to returns on the market. As the market goes up or down, Cable One is expected to follow. Please check Cable One's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Cable One's price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Cable One has average predictability. Overlapping area represents the amount of predictability between Cable One time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Cable One price movement. The serial correlation of 0.49 indicates that about 49.0% of current Cable One price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Cable One lagged returns against current returns
Autocorrelation, which is Cable One 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 Cable One's stock expected returns. We can calculate the autocorrelation of Cable One returns to help us make a trade decision. For example, suppose you find that Cable One 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 |
Cable One 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 Cable One stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cable One stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cable One stock over time.
Current vs Lagged Prices |
| Timeline |
Cable One Lagged Returns
When evaluating Cable One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cable One stock have on its future price. Cable One 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, Cable One autocorrelation shows the relationship between Cable One stock current value and its past values and can show if there is a momentum factor associated with investing in Cable One.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in Cable Stock
When determining whether Cable One offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cable One's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cable One Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cable One Stock:Check out Cable One Correlation, Cable One Volatility and Cable One Alpha and Beta module to complement your research on Cable One. For information on how to trade Cable Stock refer to our How to Trade Cable Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Cable One technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.