Cincinnati Financial (Germany) Market Value
| CCJ Stock | EUR 150.95 1.15 0.76% |
| Symbol | Cincinnati |
Cincinnati Financial '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 Cincinnati Financial'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 Cincinnati Financial.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Cincinnati Financial on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Cincinnati Financial or generate 0.0% return on investment in Cincinnati Financial over 30 days. Cincinnati Financial is related to or competes with ELMOS SEMICONDUCTOR, Elmos Semiconductor, J+J SNACK, INDOFOOD AGRI, Dairy Farm, and Magnachip Semiconductor. Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the Uni... More
Cincinnati Financial 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 Cincinnati Financial'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 Cincinnati Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | 0.1259 | |||
| Maximum Drawdown | 7.87 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 3.08 |
Cincinnati Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cincinnati Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cincinnati Financial's standard deviation. In reality, there are many statistical measures that can use Cincinnati Financial historical prices to predict the future Cincinnati Financial's volatility.| Risk Adjusted Performance | 0.1603 | |||
| Jensen Alpha | 0.1746 | |||
| Total Risk Alpha | 0.076 | |||
| Sortino Ratio | 0.1505 | |||
| Treynor Ratio | 0.254 |
Cincinnati Financial Backtested Returns
Cincinnati Financial appears to be very steady, given 3 months investment horizon. Cincinnati Financial secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cincinnati Financial, which you can use to evaluate the volatility of the firm. Please makes use of Cincinnati Financial's Risk Adjusted Performance of 0.1603, downside deviation of 1.35, and Mean Deviation of 1.14 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cincinnati Financial holds a performance score of 15. The firm shows a Beta (market volatility) of 1.25, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cincinnati Financial will likely underperform. Please check Cincinnati Financial's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Cincinnati Financial's price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
Cincinnati Financial has good predictability. Overlapping area represents the amount of predictability between Cincinnati Financial time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Cincinnati Financial price movement. The serial correlation of 0.78 indicates that around 78.0% of current Cincinnati Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 15.15 |
Cincinnati Financial lagged returns against current returns
Autocorrelation, which is Cincinnati Financial 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 Cincinnati Financial's stock expected returns. We can calculate the autocorrelation of Cincinnati Financial returns to help us make a trade decision. For example, suppose you find that Cincinnati Financial 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 |
Cincinnati Financial 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 Cincinnati Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cincinnati Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cincinnati Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Cincinnati Financial Lagged Returns
When evaluating Cincinnati Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cincinnati Financial stock have on its future price. Cincinnati Financial 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, Cincinnati Financial autocorrelation shows the relationship between Cincinnati Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Cincinnati Financial.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Cincinnati Stock
When determining whether Cincinnati Financial is a strong investment it is important to analyze Cincinnati Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cincinnati Financial's future performance. For an informed investment choice regarding Cincinnati Stock, refer to the following important reports:Check out Cincinnati Financial Correlation, Cincinnati Financial Volatility and Cincinnati Financial Alpha and Beta module to complement your research on Cincinnati Financial. For more detail on how to invest in Cincinnati Stock please use our How to Invest in Cincinnati Financial guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Cincinnati Financial 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.