Cardno (Australia) Market Value
| CDD Stock | 0.25 0.06 31.58% |
| Symbol | Cardno |
Cardno '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 Cardno'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 Cardno.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cardno on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Cardno or generate 0.0% return on investment in Cardno over 180 days. Cardno is related to or competes with Audio Pixels, Iodm, and Regis Healthcare. Cardno is entity of Australia. It is traded as Stock on AU exchange. More
Cardno 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 Cardno'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 Cardno upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 6.67 |
Cardno Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardno's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cardno's standard deviation. In reality, there are many statistical measures that can use Cardno historical prices to predict the future Cardno's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.22) | |||
| Total Risk Alpha | (1.95) | |||
| Treynor Ratio | (0.26) |
Cardno Backtested Returns
Cardno secures Sharpe Ratio (or Efficiency) of -0.0428, which signifies that the company had a -0.0428% return per unit of risk over the last 3 months. Cardno exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cardno's Standard Deviation of 7.1, mean deviation of 4.29, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.21, 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, Cardno will likely underperform. At this point, Cardno has a negative expected return of -0.35%. Please make sure to confirm Cardno's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Cardno performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Cardno has excellent reverse predictability. Overlapping area represents the amount of predictability between Cardno 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 Cardno price movement. The serial correlation of -0.81 indicates that around 81.0% of current Cardno price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Cardno lagged returns against current returns
Autocorrelation, which is Cardno 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 Cardno's stock expected returns. We can calculate the autocorrelation of Cardno returns to help us make a trade decision. For example, suppose you find that Cardno 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 |
Cardno 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 Cardno stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cardno stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cardno stock over time.
Current vs Lagged Prices |
| Timeline |
Cardno Lagged Returns
When evaluating Cardno's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cardno stock have on its future price. Cardno 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, Cardno autocorrelation shows the relationship between Cardno stock current value and its past values and can show if there is a momentum factor associated with investing in Cardno.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cardno Stock Analysis
When running Cardno's price analysis, check to measure Cardno's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cardno is operating at the current time. Most of Cardno's value examination focuses on studying past and present price action to predict the probability of Cardno's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cardno's price. Additionally, you may evaluate how the addition of Cardno to your portfolios can decrease your overall portfolio volatility.