Cavendish Hydrogen (Norway) Market Value
| CAVEN Stock | 4.91 0.11 2.29% |
| Symbol | Cavendish |
Cavendish Hydrogen '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 Cavendish Hydrogen'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 Cavendish Hydrogen.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Cavendish Hydrogen on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Cavendish Hydrogen ASA or generate 0.0% return on investment in Cavendish Hydrogen over 30 days.
Cavendish Hydrogen 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 Cavendish Hydrogen'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 Cavendish Hydrogen ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 22.36 | |||
| Value At Risk | (8.01) | |||
| Potential Upside | 8.95 |
Cavendish Hydrogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cavendish Hydrogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cavendish Hydrogen's standard deviation. In reality, there are many statistical measures that can use Cavendish Hydrogen historical prices to predict the future Cavendish Hydrogen's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (1.02) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (8.89) |
Cavendish Hydrogen ASA Backtested Returns
Cavendish Hydrogen ASA secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the company had a -0.22 % return per unit of risk over the last 3 months. Cavendish Hydrogen ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cavendish Hydrogen's Mean Deviation of 3.41, risk adjusted performance of (0.15), and Standard Deviation of 4.55 to double-check the risk estimate we provide. 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, Cavendish Hydrogen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cavendish Hydrogen is expected to be smaller as well. At this point, Cavendish Hydrogen ASA has a negative expected return of -0.98%. Please make sure to confirm Cavendish Hydrogen's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Cavendish Hydrogen ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Cavendish Hydrogen ASA has good predictability. Overlapping area represents the amount of predictability between Cavendish Hydrogen time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cavendish Hydrogen ASA price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Cavendish Hydrogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Cavendish Hydrogen ASA lagged returns against current returns
Autocorrelation, which is Cavendish Hydrogen 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 Cavendish Hydrogen's stock expected returns. We can calculate the autocorrelation of Cavendish Hydrogen returns to help us make a trade decision. For example, suppose you find that Cavendish Hydrogen 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 |
Cavendish Hydrogen 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 Cavendish Hydrogen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cavendish Hydrogen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cavendish Hydrogen stock over time.
Current vs Lagged Prices |
| Timeline |
Cavendish Hydrogen Lagged Returns
When evaluating Cavendish Hydrogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cavendish Hydrogen stock have on its future price. Cavendish Hydrogen 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, Cavendish Hydrogen autocorrelation shows the relationship between Cavendish Hydrogen stock current value and its past values and can show if there is a momentum factor associated with investing in Cavendish Hydrogen ASA.
Regressed Prices |
| Timeline |
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