CD PROJEKT (Poland) Market Value
| CDR Stock | 165.55 4.70 2.92% |
| Symbol | CDR |
CD PROJEKT '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 CD PROJEKT'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 CD PROJEKT.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in CD PROJEKT on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding CD PROJEKT SA or generate 0.0% return on investment in CD PROJEKT over 30 days. CD PROJEKT is related to or competes with Echo Investment, Gremi Media, Centrum Finansowe, Noble Financials, and Tower Investments. More
CD PROJEKT 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 CD PROJEKT'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 CD PROJEKT SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.75 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 2.36 |
CD PROJEKT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CD PROJEKT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CD PROJEKT's standard deviation. In reality, there are many statistical measures that can use CD PROJEKT historical prices to predict the future CD PROJEKT's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CD PROJEKT's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CD PROJEKT SA Backtested Returns
CD PROJEKT SA retains Efficiency (Sharpe Ratio) of -0.0669, which signifies that the company had a -0.0669% return per unit of price deviation over the last 3 months. CD PROJEKT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CD PROJEKT's Market Risk Adjusted Performance of (0.27), information ratio of (0.14), and Variance of 3.17 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CD PROJEKT's returns are expected to increase less than the market. However, during the bear market, the loss of holding CD PROJEKT is expected to be smaller as well. At this point, CD PROJEKT SA has a negative expected return of -0.12%. Please make sure to confirm CD PROJEKT's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if CD PROJEKT SA performance from the past will be repeated sooner or later.
Auto-correlation | 0.12 |
Insignificant predictability
CD PROJEKT SA has insignificant predictability. Overlapping area represents the amount of predictability between CD PROJEKT time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 CD PROJEKT SA price movement. The serial correlation of 0.12 indicates that less than 12.0% of current CD PROJEKT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 10.88 |
CD PROJEKT SA lagged returns against current returns
Autocorrelation, which is CD PROJEKT 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 CD PROJEKT's stock expected returns. We can calculate the autocorrelation of CD PROJEKT returns to help us make a trade decision. For example, suppose you find that CD PROJEKT 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 |
CD PROJEKT 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 CD PROJEKT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CD PROJEKT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CD PROJEKT stock over time.
Current vs Lagged Prices |
| Timeline |
CD PROJEKT Lagged Returns
When evaluating CD PROJEKT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CD PROJEKT stock have on its future price. CD PROJEKT 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, CD PROJEKT autocorrelation shows the relationship between CD PROJEKT stock current value and its past values and can show if there is a momentum factor associated with investing in CD PROJEKT SA.
Regressed Prices |
| Timeline |
Pair Trading with CD PROJEKT
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CD PROJEKT position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CD PROJEKT will appreciate offsetting losses from the drop in the long position's value.Moving together with CDR Stock
The ability to find closely correlated positions to CD PROJEKT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CD PROJEKT when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CD PROJEKT - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CD PROJEKT SA to buy it.
The correlation of CD PROJEKT is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CD PROJEKT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CD PROJEKT SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CD PROJEKT can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for CDR Stock Analysis
When running CD PROJEKT's price analysis, check to measure CD PROJEKT'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 CD PROJEKT is operating at the current time. Most of CD PROJEKT's value examination focuses on studying past and present price action to predict the probability of CD PROJEKT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CD PROJEKT's price. Additionally, you may evaluate how the addition of CD PROJEKT to your portfolios can decrease your overall portfolio volatility.