Communication Cable (Indonesia) Market Value
| CCSI Stock | 260.00 16.00 5.80% |
| Symbol | Communication |
Communication Cable '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 Communication Cable'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 Communication Cable.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Communication Cable on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Communication Cable Systems or generate 0.0% return on investment in Communication Cable over 30 days. Communication Cable is related to or competes with Hartadinata Abadi, Estika Tata, Garudafood Putra, and PT Indonesia. More
Communication Cable 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 Communication Cable'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 Communication Cable Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 31.44 | |||
| Value At Risk | (6.21) | |||
| Potential Upside | 3.33 |
Communication Cable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Communication Cable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Communication Cable's standard deviation. In reality, there are many statistical measures that can use Communication Cable historical prices to predict the future Communication Cable's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.51) |
Communication Cable Backtested Returns
Communication Cable secures Sharpe Ratio (or Efficiency) of -0.0307, which signifies that the company had a -0.0307% return per unit of risk over the last 3 months. Communication Cable Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Communication Cable's Risk Adjusted Performance of (0.02), mean deviation of 2.11, and Standard Deviation of 3.92 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Communication Cable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Communication Cable is expected to be smaller as well. At this point, Communication Cable has a negative expected return of -0.12%. Please make sure to confirm Communication Cable's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Communication Cable performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Communication Cable Systems has below average predictability. Overlapping area represents the amount of predictability between Communication Cable time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Communication Cable price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Communication Cable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 220.43 |
Communication Cable lagged returns against current returns
Autocorrelation, which is Communication Cable 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 Communication Cable's stock expected returns. We can calculate the autocorrelation of Communication Cable returns to help us make a trade decision. For example, suppose you find that Communication Cable 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 |
Communication Cable 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 Communication Cable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Communication Cable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Communication Cable stock over time.
Current vs Lagged Prices |
| Timeline |
Communication Cable Lagged Returns
When evaluating Communication Cable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Communication Cable stock have on its future price. Communication Cable 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, Communication Cable autocorrelation shows the relationship between Communication Cable stock current value and its past values and can show if there is a momentum factor associated with investing in Communication Cable Systems.
Regressed Prices |
| Timeline |
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Communication Cable financial ratios help investors to determine whether Communication 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 Communication with respect to the benefits of owning Communication Cable security.