Cebu Air Adr Stock Market Value
| CEBUY Stock | USD 1.85 0.00 0.00% |
| Symbol | Cebu |
Cebu Air '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 Cebu Air's pink sheet 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 Cebu Air.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Cebu Air on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Cebu Air ADR or generate 0.0% return on investment in Cebu Air over 720 days. Cebu Air is related to or competes with Asure Software, Western Digital, Meiwu Technology, Allient, Diageo PLC, Nextplat Corp, and Kaltura. Cebu Air, Inc., an airline, provides international and domestic air transportation services More
Cebu Air 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 Cebu Air's pink sheet 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 Cebu Air ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.95 |
Cebu Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cebu Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cebu Air's standard deviation. In reality, there are many statistical measures that can use Cebu Air historical prices to predict the future Cebu Air's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.6804 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cebu Air'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.
Cebu Air ADR Backtested Returns
Cebu Air ADR secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Cebu Air ADR exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cebu Air's risk adjusted performance of (0.09), and Mean Deviation of 0.4164 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, returns on owning Cebu Air are expected to decrease at a much lower rate. During the bear market, Cebu Air is likely to outperform the market. At this point, Cebu Air ADR has a negative expected return of -0.21%. Please make sure to confirm Cebu Air's risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and day median price , to decide if Cebu Air ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Cebu Air ADR has no correlation between past and present. Overlapping area represents the amount of predictability between Cebu Air time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Cebu Air ADR price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cebu Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Cebu Air ADR lagged returns against current returns
Autocorrelation, which is Cebu Air pink sheet'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 Cebu Air's pink sheet expected returns. We can calculate the autocorrelation of Cebu Air returns to help us make a trade decision. For example, suppose you find that Cebu Air has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Cebu Air 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 Cebu Air pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cebu Air pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cebu Air pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cebu Air Lagged Returns
When evaluating Cebu Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cebu Air pink sheet have on its future price. Cebu Air 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, Cebu Air autocorrelation shows the relationship between Cebu Air pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cebu Air ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Cebu Pink Sheet Analysis
When running Cebu Air's price analysis, check to measure Cebu Air'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 Cebu Air is operating at the current time. Most of Cebu Air's value examination focuses on studying past and present price action to predict the probability of Cebu Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cebu Air's price. Additionally, you may evaluate how the addition of Cebu Air to your portfolios can decrease your overall portfolio volatility.