Cairo Mezz (Greece) Market Value
| CAIROMEZ | EUR 0.42 0.01 2.44% |
| Symbol | Cairo |
Cairo Mezz '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 Cairo Mezz'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 Cairo Mezz.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Cairo Mezz on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cairo Mezz PLC or generate 0.0% return on investment in Cairo Mezz over 30 days. Cairo Mezz is related to or competes with Eurobank Ergasias, Public Power, Alpha Services, Mytilineos, and National Bank. The company was formerly known as Mairanus Ltd More
Cairo Mezz 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 Cairo Mezz'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 Cairo Mezz PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.13 | |||
| Information Ratio | 0.0112 | |||
| Maximum Drawdown | 16.78 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 7.89 |
Cairo Mezz Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cairo Mezz's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cairo Mezz's standard deviation. In reality, there are many statistical measures that can use Cairo Mezz historical prices to predict the future Cairo Mezz's volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | 0.0782 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0094 | |||
| Treynor Ratio | 0.2305 |
Cairo Mezz PLC Backtested Returns
At this point, Cairo Mezz is out of control. Cairo Mezz PLC secures Sharpe Ratio (or Efficiency) of 0.0506, which signifies that the company had a 0.0506% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cairo Mezz PLC, which you can use to evaluate the volatility of the firm. Please confirm Cairo Mezz's Risk Adjusted Performance of 0.0371, downside deviation of 4.13, and Mean Deviation of 2.24 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Cairo Mezz has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cairo Mezz's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cairo Mezz is expected to be smaller as well. Cairo Mezz PLC right now shows a risk of 3.52%. Please confirm Cairo Mezz PLC total risk alpha and the relationship between the potential upside and day typical price , to decide if Cairo Mezz PLC will be following its price patterns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Cairo Mezz PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Cairo Mezz 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 Cairo Mezz PLC price movement. The serial correlation of -0.73 indicates that around 73.0% of current Cairo Mezz price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cairo Mezz PLC lagged returns against current returns
Autocorrelation, which is Cairo Mezz 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 Cairo Mezz's stock expected returns. We can calculate the autocorrelation of Cairo Mezz returns to help us make a trade decision. For example, suppose you find that Cairo Mezz 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 |
Cairo Mezz 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 Cairo Mezz stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cairo Mezz stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cairo Mezz stock over time.
Current vs Lagged Prices |
| Timeline |
Cairo Mezz Lagged Returns
When evaluating Cairo Mezz's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cairo Mezz stock have on its future price. Cairo Mezz 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, Cairo Mezz autocorrelation shows the relationship between Cairo Mezz stock current value and its past values and can show if there is a momentum factor associated with investing in Cairo Mezz PLC.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Cairo Stock
Cairo Mezz financial ratios help investors to determine whether Cairo 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 Cairo with respect to the benefits of owning Cairo Mezz security.