CFG BANK's market value is the price at which a share of CFG BANK trades on a public exchange. It measures the collective expectations of CFG BANK investors about its performance. CFG BANK is selling at 210.30 as of the 24th of November 2024; that is 0.36 percent up since the beginning of the trading day. The stock's open price was 209.55. With this module, you can estimate the performance of a buy and hold strategy of CFG BANK and determine expected loss or profit from investing in CFG BANK over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Symbol
CFG
CFG BANK '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 CFG BANK'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 CFG BANK.
0.00
11/30/2023
No Change 0.00
0.0
In 11 months and 27 days
11/24/2024
0.00
If you would invest 0.00 in CFG BANK on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding CFG BANK or generate 0.0% return on investment in CFG BANK over 360 days.
CFG BANK 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 CFG BANK'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 CFG BANK upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CFG BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CFG BANK's standard deviation. In reality, there are many statistical measures that can use CFG BANK historical prices to predict the future CFG BANK's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CFG BANK. Your research has to be compared to or analyzed against CFG BANK's peers to derive any actionable benefits. When done correctly, CFG BANK's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CFG BANK.
CFG BANK Backtested Returns
CFG BANK appears to be very steady, given 3 months investment horizon. CFG BANK secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for CFG BANK, which you can use to evaluate the volatility of the firm. Please makes use of CFG BANK's Semi Deviation of 1.04, risk adjusted performance of 0.1487, and Mean Deviation of 1.16 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CFG BANK holds a performance score of 15. 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 CFG BANK are expected to decrease at a much lower rate. During the bear market, CFG BANK is likely to outperform the market. Please check CFG BANK's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether CFG BANK's price patterns will revert.
Auto-correlation
0.43
Average predictability
CFG BANK has average predictability. Overlapping area represents the amount of predictability between CFG BANK time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 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 CFG BANK price movement. The serial correlation of 0.43 indicates that just about 43.0% of current CFG BANK price fluctuation can be explain by its past prices.
Correlation Coefficient
0.43
Spearman Rank Test
0.33
Residual Average
0.0
Price Variance
152.34
CFG BANK lagged returns against current returns
Autocorrelation, which is CFG BANK 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 CFG BANK's stock expected returns. We can calculate the autocorrelation of CFG BANK returns to help us make a trade decision. For example, suppose you find that CFG BANK 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
CFG BANK 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 CFG BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CFG BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CFG BANK stock over time.
Current vs Lagged Prices
Timeline
CFG BANK Lagged Returns
When evaluating CFG BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CFG BANK stock have on its future price. CFG BANK 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, CFG BANK autocorrelation shows the relationship between CFG BANK stock current value and its past values and can show if there is a momentum factor associated with investing in CFG BANK.
Regressed Prices
Timeline
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