Cementos Bio (Chile) Market Value
| CEMENTOS | CLP 1,400 100.00 7.69% |
| Symbol | Cementos |
Cementos Bio '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 Cementos Bio'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 Cementos Bio.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cementos Bio on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cementos Bio B or generate 0.0% return on investment in Cementos Bio over 30 days. Cementos Bio is related to or competes with Aguas Andinas, Parq Arauco, Enel Generacin, Sociedad Matriz, and Empresa Nacional. Cementos Bio Bio S.A. manufactures and sells cement in Chile and internationally More
Cementos Bio 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 Cementos Bio'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 Cementos Bio B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1285 | |||
| Maximum Drawdown | 86.26 | |||
| Potential Upside | 3.37 |
Cementos Bio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cementos Bio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cementos Bio's standard deviation. In reality, there are many statistical measures that can use Cementos Bio historical prices to predict the future Cementos Bio's volatility.| Risk Adjusted Performance | 0.1169 | |||
| Jensen Alpha | 1.48 | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 33.8 |
Cementos Bio B Backtested Returns
Cementos Bio is very steady given 3 months investment horizon. Cementos Bio B secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. We were able to interpolate twenty-one different technical indicators, which can help you to evaluate if expected returns of 3.44% are justified by taking the suggested risk. Use Cementos Bio Risk Adjusted Performance of 0.1169, standard deviation of 10.64, and Mean Deviation of 2.83 to evaluate company specific risk that cannot be diversified away. Cementos Bio holds a performance score of 16 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.044, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cementos Bio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cementos Bio is expected to be smaller as well. Use Cementos Bio total risk alpha, as well as the relationship between the daily balance of power and price action indicator , to analyze future returns on Cementos Bio.
Auto-correlation | 0.00 |
No correlation between past and present
Cementos Bio B has no correlation between past and present. Overlapping area represents the amount of predictability between Cementos Bio time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Cementos Bio B price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cementos Bio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 91.1 K |
Cementos Bio B lagged returns against current returns
Autocorrelation, which is Cementos Bio 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 Cementos Bio's stock expected returns. We can calculate the autocorrelation of Cementos Bio returns to help us make a trade decision. For example, suppose you find that Cementos Bio 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 |
Cementos Bio 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 Cementos Bio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cementos Bio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cementos Bio stock over time.
Current vs Lagged Prices |
| Timeline |
Cementos Bio Lagged Returns
When evaluating Cementos Bio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cementos Bio stock have on its future price. Cementos Bio 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, Cementos Bio autocorrelation shows the relationship between Cementos Bio stock current value and its past values and can show if there is a momentum factor associated with investing in Cementos Bio B.
Regressed Prices |
| Timeline |
Pair Trading with Cementos Bio
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 Cementos Bio 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 Cementos Bio will appreciate offsetting losses from the drop in the long position's value.Moving together with Cementos Stock
Moving against Cementos Stock
The ability to find closely correlated positions to Cementos Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cementos Bio 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 Cementos Bio - 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 Cementos Bio B to buy it.
The correlation of Cementos Bio 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 Cementos Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cementos Bio B 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 Cementos Bio 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.Other Information on Investing in Cementos Stock
Cementos Bio financial ratios help investors to determine whether Cementos 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 Cementos with respect to the benefits of owning Cementos Bio security.