CIC Corp (Vietnam) Market Value
| C32 Stock | 17,200 100.00 0.58% |
| Symbol | CIC |
CIC 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 CIC 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 CIC Corp.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in CIC Corp on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding CIC Corp or generate 0.0% return on investment in CIC Corp over 180 days.
CIC 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 CIC 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 CIC Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 3.46 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.8671 |
CIC Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIC Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIC Corp's standard deviation. In reality, there are many statistical measures that can use CIC Corp historical prices to predict the future CIC Corp's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.2152 |
CIC Corp Backtested Returns
CIC Corp retains Efficiency (Sharpe Ratio) of -0.0473, which signifies that the company had a -0.0473% return per unit of risk over the last 3 months. CIC Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CIC Corp's market risk adjusted performance of 0.2252, and Variance of 0.3356 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0999, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CIC Corp are expected to decrease at a much lower rate. During the bear market, CIC Corp is likely to outperform the market. At this point, CIC Corp has a negative expected return of -0.0268%. Please make sure to confirm CIC Corp's treynor ratio, skewness, and the relationship between the jensen alpha and value at risk , to decide if CIC Corp performance from the past will be repeated in the future.
Auto-correlation | 0.16 |
Very weak predictability
CIC Corp has very weak predictability. Overlapping area represents the amount of predictability between CIC Corp time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 CIC Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current CIC Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 32.3 K |
CIC Corp lagged returns against current returns
Autocorrelation, which is CIC 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 CIC Corp's stock expected returns. We can calculate the autocorrelation of CIC Corp returns to help us make a trade decision. For example, suppose you find that CIC 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 |
CIC 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 CIC Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIC Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIC Corp stock over time.
Current vs Lagged Prices |
| Timeline |
CIC Corp Lagged Returns
When evaluating CIC Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIC Corp stock have on its future price. CIC 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, CIC Corp autocorrelation shows the relationship between CIC Corp stock current value and its past values and can show if there is a momentum factor associated with investing in CIC Corp.
Regressed Prices |
| Timeline |
Pair Trading with CIC Corp
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 CIC Corp 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 CIC Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CIC Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIC Corp 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 CIC Corp - 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 CIC Corp to buy it.
The correlation of CIC Corp 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 CIC Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIC Corp 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 CIC Corp 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.